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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Medical Office Space
968 Pne St, Englewood, FL 34223-4432
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3831351
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Total area
3,930 SF
Lot
0.55 ac (23,750 SF)
Zoning code
OMI OFFICE, MEDICAL, INST
APN
41-20-06-235-001
UPID
US18-3831351
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$806k
Blend (final)
Blend
$970k
Owner & transaction history
Leasing LP Lllp Rave · 24 yrs held
Leasing LP Lllp Rave
since 2001
7 recorded transactions
Zoning & alternative use
OMI OFFICE, MEDICAL, INST · Englewood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+24.2%
Auto repair, garage
$1.1M
+18.0%
Retail stores
$1.1M
+18.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Englewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Englewood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$940,000
Current use
OFFICE BUILDING
$1,165,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,105,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$1,105,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$865,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$247 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,942
Tax year 2023
Assessed value
$517,778
Assessed 2023
Previous assessed
$499,497
+3.7% YoY
Effective rate
1.92%
On assessed value
Land market value
$136,563
Improvement market value
$572,687
Total market value
$709,250
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Rooms
1
Bathrooms
7
Total area
3,930 SF
Lot
0.55 ac (23,750 SF)
Zoning code
OMI OFFICE, MEDICAL, INST
APN
41-20-06-235-001
UPID
US18-3831351
Jurisdiction
CHARLOTTE
Zoning & alternative use
OMI OFFICE, MEDICAL, INST · Englewood, FL
Zoning OMI OFFICE, MEDICAL, INST · permitted uses
OMI OFFICE, MEDICAL, INST · Englewood, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Englewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$940,000
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$865,000
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Rooms
1
Bathrooms
7
Lot
0.55 ac
Current owner
From public records · entity-resolved
Leasing LP Lllp Rave
Entity
Mailing address
512 NOKOMIS AVE S, VENICE, FL 34285-2817
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2012
—
Rave Leasing LP Lllp
—
Deed Of Trust
related
$2,145,000 · Florida Shores Bk/se
Dec 13, 2001
—
Leasing LP Rave
—
Trustees Deed
related
$490,500 · Suntrust Bank NA
Sep 25, 2001
$150,000
Leasing LP Lllp Rave
Knapp,alan J
Grant Deed
—
—
—
Leasing LP Lllp Rave
—
Deed Of Trust
related
$591,367 · Suntrust Bank NA
—
—
Rave Leasing LP Lllp
—
Deed Of Trust
related
$305,000 · Bankunited Fsb
—
—
Leasing LP Lllp Rave
—
Deed Of Trust
related
$786,250 · Suntrust Bank NA
—
—
Rave Leasing LP Lllp
—
Loan Modification
related
$1,995,000 · Bankunited Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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