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Property profile & analytics
OFF-MARKET Estimated value $1,080,000
Warehouses

976 Riv Rd Englewood, FL 34223-3910

16,000 SF 1.1 ac lot Built 1980
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-2431843
Property summary
AI-generated overview

This exceptional 9-unit flex warehouse complex, located at 976 S River Rd, Englewood, FL 34223, presents a compelling investment opportunity. The property boasts a total of 16,000 square feet of versatile industrial space, situated on a generous 47,916 square foot lot. Currently, one 2,000 square foot unit is available for lease. Built in 1980, the property is zoned ILW and features a multi-tenant occupancy. The address is conveniently located in Sarasota County, Florida. The property's substantial size and flexible space make it ideal for a variety of businesses requiring warehouse and/or flex space. Its location in Englewood offers easy access to major transportation routes and amenities. The property's 1980 construction provides a solid foundation for future growth and adaptation. The ample lot size offers potential for expansion or future development. This is a rare opportunity to acquire a well-situated industrial property in a thriving Florida market. The property's Sarasota County location and ILW zoning provide a stable and attractive investment profile. The available unit presents immediate income potential, while the remaining units offer long-term rental income opportunities. The property's size and location make it an excellent choice for investors seeking a strong return on investment. The parcel number is 0850050013.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1980
Total area 16,000 SF
Lot 1.1 ac (47,916 SF)
Zoning code ILW
APN 0850-05-0013
UPID US18-2431843
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
$1.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
$880k
Blend (final) Blend
$1.08M
Owner & transaction history
976 S River Road LLC · 4 yrs held
976 S River Road LLC
since 2021
Last sale
$990,000
2 recorded transactions
2024
Price N/A
2021
$990,000
Zoning & alternative use
ILW · Englewood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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