1 S School Ave Sarasota, FL 34237
Property Lookup
Property profile & analytics
1 S School Ave Sarasota, FL 34237
- Medical Office Space
- 88,178 SF
- 2.04 lot acres
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.
Location Intelligence
Current Use by Public Records
- Coastal Medical Center / Medical Clinic
- Fournier, Connolly, Shamsey, Mladinich & Polzak, P.A. / Law Firm
- Kreithen Joshua MD / Physician / Medical Clinic
- The Gapin Institute: Erectile Dysfunction (ED) / Physician
- Freeman Financial / Financial Advisor
Property Details for 1 S School Ave
- Year built
- 2000
- Lot size
- 2.04 lot acres
- Property size
- 88,178 SF
- Zone code
- CG; DTC
- Property type
- Medical Office Space
- 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 Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $26,980,000
- 6.5%
- $24,905,000
- 7%
- $23,125,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $22,914,000
- AI Estimate
- $19,818,000
Market price range: $22.9M - $47.8MMarket price range: $19.8M - $35.0M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $35,060,000 Current use
- RETAIL STORES
- $34,815,000 Change: -1% Conversion: Difficult
- OFFICE BUILDING
- $29,125,000 Change: -17% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
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
