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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Manufacturing properties
1166 Snead Ave Sarasota, FL 34237-2932
Individually Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1876377
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,300 SF
Lot
0.37 ac (16,065 SF)
Zoning code
IGD
APN
2023-10-0114
UPID
US18-1876377
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
Current use
Occupant on record · Public records
-
DND Construction Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$940k
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.13M
Owner & transaction history
Architectural Marble Importers · 16 yrs held
Architectural Marble Importers
since 2009
2 recorded transactions
Zoning & alternative use
IGD · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
tricts, and modify the use characteristics for accessory uses of religious institutions. 24-5540 Solar Utilities (24-ZTA-03) - An Ordinance to allow a Solar Utility as a permitted use in the Industrial General District (IGD) and Industrial Heavy District (IHD) zone districts and to adopt certain development standards for solar utilities. 24-5523 Housing Auth…
Zone name
Industrial General District
General category
INDUSTRIAL
Zone area
205.62 ac
Source
Home | City of Sarasota
Top alternative use upside
Office building
$1.8M
+50.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sarasota submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sarasota submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,020,000
6.5%
$940,000
7%
$875,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,165,000
Current use
OFFICE BUILDING
$1,750,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$213 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,861
Tax year 2023
Assessed value
$426,000
Assessed 2023
Previous assessed
$343,700
+23.9% YoY
Effective rate
1.61%
On assessed value
Assessed land
$273,200
Assessed improvement
$152,800
Land market value
$273,200
Improvement market value
$152,800
Total market value
$426,000
Applied tax rate
200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
9
Bathrooms
4
Total area
5,300 SF
Lot
0.37 ac (16,065 SF)
Zoning code
IGD
APN
2023-10-0114
UPID
US18-1876377
Jurisdiction
SARASOTA
Zoning & alternative use
IGD · Sarasota, FLZoning IGD · permitted uses
IGD · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
tricts, and modify the use characteristics for accessory uses of religious institutions. 24-5540 Solar Utilities (24-ZTA-03) - An Ordinance to allow a Solar Utility as a permitted use in the Industrial General District (IGD) and Industrial Heavy District (IHD) zone districts and to adopt certain development standards for solar utilities. 24-5523 Housing Authority Overlay District (24-ZTA-01) - An Ordinance to expand the Housing Authority O
Zone name
Industrial General District
General category
INDUSTRIAL
Zone area
205.62 ac
Source
Home | City of Sarasota
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
9
Bathrooms
4
Lot
0.37 ac
Current owner
From public records · entity-resolved
Architectural Marble Importers
Individual
Free & Clear · 16 yrs held
Mailing address
2560 12TH ST, SARASOTA, FL 34237-2943
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2009
$314,400
Architectural Marble Importers
Twelfth Street Building Ptshp
Warranty Deed
—
Jan 18, 2005
$217,400
Twelfth Street Building Ptshp
Drinkwater James P Trust
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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