Technical
Financial
Distress signals
Property profile

1 Tuttle Ave Sarasota, FL 34237

OFF-MARKET
Office buildings
Property ID
US18-3837373
6,045 SF 0.57 ac lot Built 1982
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional single-tenant office space is ideally situated near downtown Sarasota. The property offers a highly functional layout perfect for a variety of professional uses. Upon entering, you'll find a welcoming reception area complete with seating and a dedicated receptionist desk. The main workspace features six individual offices arranged around a spacious, open area suitable for four or more employees. Adding to the versatility, a separate wing includes three additional private offices and a convenient storage room. The building's location provides easy access to the vibrancy of downtown Sarasota, offering employees and clients a desirable and convenient work environment. This well-maintained space is ready for immediate occupancy and presents a fantastic opportunity for businesses seeking a professional and efficient workspace. The layout is designed to maximize productivity and collaboration, making it an ideal choice for a growing company or established firm. The combination of private offices and open workspace allows for both individual focus and team interaction. The inclusion of a storage room adds practicality and organization to the overall functionality of the space. This property represents a rare opportunity to secure a high-quality office space in a prime Sarasota location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1982
Construction FRAME
Total area 6,045 SF
Lot 0.57 ac (24,771 SF)
Zoning code OPB
APN 2029-01-0041
UPID US18-3837373

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Financial Advisor
  • Architect
  • Title Company

Location

1 Tuttle Ave Sarasota, FL 34237-6327
Sarasota metro Census 401 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.45M
Comparable Approach Comparable
$2.46M
Blend (final) Blend
$1.98M

Owner & transaction history

since 2019
4 recorded transactions
2019
$1.2M
2016
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

OPB · Sarasota, FL
Zoning description

The OPB zone is intended to permit small business, professional and service related offices and to facilitate their proper development and use

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $2.7M +33.0%
Medical building $2.4M +20.4%
Retail stores $2.4M +19.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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