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    1630 S Tuttle Ave Sarasota, FL 34239

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    For Sale
    $3,450,000

    Turnkey medical building with high-end finishes and strong investment potential.

    Property size:
    7,829 SF

    Property Features for 1630 S Tuttle Ave

    General Information

    Size
    7,829 SF

    Building Details

    Year built
    1981

    Source: David Carlson Agent David Carlson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Medical Building Investment Opportunity

    This 7,829 square foot building, located in Sarasota, Florida, has been renovated and is presented as a turnkey investment opportunity. The property features high-end interior finishes and a versatile layout. It includes 14 fully-equipped exam rooms, an updated X-ray room, seven private staff offices, a spacious gym and physical therapy area, and a waiting area with dual reception desks. The building is of hurricane-proof construction. It is currently 100% occupied and leased by two medical professionals on a five-year triple net lease at a rate of $30 per square foot triple net. The property is near Sarasota Memorial Hospital and downtown Sarasota. The surrounding area offers access to cultural attractions, dining, and waterfront views, with the downtown district, Sarasota Bay, the Ringling Museum of Art, Marina Jack, and St. Armands Circle nearby. The property offers a 6.81% CAP rate with a yearly income of $234,870 with increases.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wolff Andrew M ... Orthopedic Surgeon Ashley Lowdermilk Physical Therapist Regen SRQ Doctor Megan Thompson Physician Assistant Dr. Joseph Greschner Podiatrist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Dr. Nina's Animal Hospital Sarasota, Dr Nina's animal hospital, Sarasota Veterinary Services

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5143936
    Latitude
    27.3182383

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    FAQs

    What type of property is this?
    Medical office - Turnkey medical building with high-end finishes and strong investment potential.
    Where is this medical office located?
    The property is located at 1630 S Tuttle Ave Sarasota, FL.
    What is the asking price?
    The asking price for this property is $3,450,000.
    What are key features of this property?
    This property features: - Turnkey investment property with 100% occupancy and strong investment potential.; - Leased by two medical professionals on a five-year triple net lease at $30/ft, generating $234,870 yearly income with increases and a 6.81% CAP rate.; - Impeccably renovated **7,829 SF building** with high-end interior finishes and hurricane-proof construction.
    (773) 458-3282
    Request Owner's contact information
    1630 S Tuttle Ave Sarasota, FL 34239
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    Sarasota, FL 34239
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1630 S Tuttle Ave Sarasota, FL 34239
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