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Financial
Distress signals
Property profile

976 S River Rd Englewood, FL 34223

FOR LEASE
Other warehouses
Property ID
US18-2431843
16,000 SF 1.1 ac lot Built 1980
Last sale Oct 2021 · $990,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 16,000-square-foot warehouse building on a site of a little over 1 acre is configured into nine units, with most suites including dedicated office areas. The northern portion is divided into two smaller spaces, and the overall layout is reworkable to create mostly or fully clear-span warehouse area. The building includes two common bathrooms, has 3-phase power available, includes nine electric meters, and sits on a mostly paved site. The exterior provides approximately 30,000 square feet of…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value$945k
Assessed land$220k
Assessed improvement$726k
Effective rate1.79%

Value estimate

· Oct 2026
$1.34M
$1.20M – $1.47M
AI approach$1.20M
Submarket $/SF estimate$880k
NOI build-up
Gross scheduled income$192k
Vacancy & credit loss−$15k
Operating expenses−$53k
NOI · 951,138.46% cap applied$124k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$203/SF
County average, outlier-cleaned · 217 recorded sales of this use type
Observed band · Q1–Q3$127 – $284

Cap rate analysis

How does the asset earn?
951,138.46%
$124k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
ILW
JurisdictionSARASOTA

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility9.1
Tailor Shop8.9
Realty agency8.7

Location

976 S River Rd Englewood, FL 34223
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
527 Paul Morris, Englewood, FL 34223-3961 $775,000 Sep 2024 6,250 SF
390 Indiana, Englewood, FL 34223-2954 $1,725,000 Jun 2023 7,650 SF
573 Paul Morris, Englewood, FL 34223-3961 $2,200,000 May 2023 18,300 SF
510 Paul Morris, Englewood, FL 34223-3960 $750,000 Aug 2022 7,300 SF
868 Riv, Englewood, FL 34223-3981 $280,000 Jun 2022 8,880 SF
505 Paul Morris Dr, Englewood, FL 34223-3961 $2,745,000 Mar 2022 12,670 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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