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    Property profile & analytics

    1 School Ave Sarasota, FL 34237

    • Medical offices
    • 88,178 SF
    • 2.04 lot acres
    For Lease
    View listing
    $29 SF/Yr
    Value Estimation
    Last Sale
    Jun 11, 2024
    Location Intelligence
    Property ID
    US18-5211028
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Coastal Medical Center / Surgical Center / Medical Center
    • Fournier, Connolly, Shamsey, Mladinich & Polzak, P.A. / Attorney
    • Kreithen Joshua MD / Plastic Surgeon
    • The Gapin Institute: Erectile Dysfunction (ED) / Doctor
    • Freeman Financial / Financial Planner

    Property Details for 1 School Ave

    Year built
    2000
    Lot size
    2.04 lot acres
    Property size
    88,178 SF
    Zone code
    CG; DTC
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    2029-03-0069
    APU
    2029030069

    Description

    Kane Plaza, a prestigious 10-story Class A office tower in Downtown Sarasota, offers exceptional office and medical suites. Located at the Main Street and South School Avenue roundabout, this building boasts spectacular city views down Main Street. The beautifully updated lobby features a modern design and abundant natural light, extending throughout the common areas and individual suites. Five spaces are currently available, ranging from 1,298 to 8,976 square feet, making it suitable for various professional needs, including physicians and attorneys. The building provides easy access to I-75 and the Downtown core, with ample parking in an adjacent 4-story garage and 3 surface lots. Excellent visibility is ensured by monument signage on Main Street and additional signage facing Fruitville Road. The meticulously maintained landscaping and convenient location make Kane Plaza an ideal choice for businesses seeking prime office space in a thriving downtown setting. The building's multiple tenancy structure offers flexibility for businesses of all sizes. Located in Sarasota County, this property offers a blend of modern amenities and a convenient location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5258
    Latitude
    27.3367
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $53,336
    $5,473,200
    $6,136,700
    $11,609,900
    -
    $5,473,200
    $6,136,700
    $11,609,900

    Comparable in this City

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    • Value Estimation by Request
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    • Value Estimation by Request
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      2805 Fruitville Rd

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      Medical offices • 1,250 SF
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    • Value Estimation by Request
      1,250 SF

      2641 201

      Medical offices • 1,250 SF
      2641 201, Sarasota, FL 34237
      View Details

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    Similar Nearby for Lease

    • $24 SF/Yr
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      Kane Plaza Office Suites

      Downtown Sarasota Office Space Available
      1 School Ave, Sarasota, FL 34237
      View Details
    • $2,416 /Mo
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    • $500 /Mo
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      Furnished Private Office Available

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    • New
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      741 SF

      Furnished Downtown Sarasota Office Space

      Furnished office space in downtown Sarasota with private rooms.
      100 Wallace Ave, Sarasota, FL 34237
      View Details
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    Sarasota, FL 34237
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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
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