Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1236 13Th St Sarasota, FL 34236
    Back to Search
    Property profile & analytics

    1236 13Th St Sarasota, FL 34236

    View on Map
    • Commercial real estate
    • 4,402 SF
    For Sale
    $1,600,000
    View Listing →
    Sarasota Multi-Family Investment Opportunity For Sale
    $1,600,000
    2,832 SF

    Sarasota Multi-Family Investment Opportunity

    Five-unit multi-family building zoned for short-term rentals in Sarasota.

    1236 13TH STREET, Sarasota, FL 34236
    View Listing
    Property ID
    US18-3195691
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1236 13Th St

    Year built
    1961
    Property size
    4,402 SF
    Property type
    Commercial real estate
    APN
    2025050018

    Description

    This exceptional two-story, 4,402 square foot apartment building, constructed in 1961 and fully renovated in 2022, presents a lucrative investment opportunity in the heart of downtown Sarasota, Florida. The property, situated on a 6,180 square foot lot (APN 2025050018), boasts five units: four one-bedroom, one-bathroom apartments and one larger two-bedroom, 1.5-bathroom unit featuring a den and office. Each unit is fully furnished and turnkey ready, ideal for short-term or annual rentals. The building offers covered parking and on-site laundry facilities. Its prime location provides easy access to restaurants, shopping, the beach, and downtown amenities, including the farmers market, Bayfront Park, Main Street, Publix, and Whole Foods. The property's strong financial performance is reflected in its asking price of $1,700,000 ($340,000 per unit), a pro-forma cap rate of 8.20%, and a pro-forma NOI of $139,473. The permitted zoning is RMF4. This turnkey investment is poised for immediate income generation and significant future appreciation in a rapidly developing area. The building's excellent condition and desirable location make it an attractive option for both owner-occupants and investors seeking a high-return property in a vibrant urban setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.546057445497
    Latitude
    27.349443074709

    Comparable in this City

    • Contact for pricing

      Multifamily Development Opportunity in Sarasota

      242-unit multifamily development in downtown Sarasota, delivery in 2028.
      200 S Washington Blvd, Sarasota, FL 34236
      View Details
    • $1,199,999

      Downtown Sarasota Five-Unit Apartment Complex

      Five-unit apartment complex in downtown Sarasota with development potential.
      503 N Osprey Ave, Sarasota, FL 34236
      View Details
    • $8,500,000
      13,762 SF

      Historic Sarasota Multifamily Investment Opportunity

      Unique historic multifamily and retail property in Sarasota's Burns Square.
      530 S Orange Ave, Sarasota, FL 34236
      View Details
    • $1,199,999
      2,958 SF

      Downtown Sarasota Five-Unit Apartment Complex

      Five-unit apartment complex in downtown Sarasota with development potential.
      503 N Osprey Ave, Sarasota, FL 34236
      View Details
    • $1,600,000
      2,832 SF

      Sarasota Multi-Family Investment Opportunity

      Five-unit multi-family building zoned for short-term rentals in Sarasota.
      1236 13Th St, Sarasota, FL 34236
      View Details
    • Contact for pricing
      18,171 SF

      Historic Sarasota Mixed-Use Opportunity

      Iconic 1926 building in downtown Sarasota with versatile zoning.
      601 Quay Cmns, Sarasota, FL 34236
      View Details

    Similar Nearby for Sale

    • $8,500,000
      13,762 SF

      Historic Sarasota Multifamily Investment Opportunity

      Unique historic multifamily and retail property in Sarasota's Burns Square.
      530 S Orange Ave, Sarasota, FL 34236
      View Details
    • $1,199,999

      Downtown Sarasota Five-Unit Apartment Complex

      Five-unit apartment complex in downtown Sarasota with development potential.
      503 N Osprey Ave, Sarasota, FL 34236
      View Details
    • Contact for pricing

      Multifamily Development Opportunity in Sarasota

      242-unit multifamily development in downtown Sarasota, delivery in 2028.
      200 S Washington Blvd, Sarasota, FL 34236
      View Details
    • $1,199,999
      2,958 SF

      Downtown Sarasota Five-Unit Apartment Complex

      Five-unit apartment complex in downtown Sarasota with development potential.
      503 N Osprey Ave, Sarasota, FL 34236
      View Details
    • $1,600,000
      2,832 SF

      Sarasota Multi-Family Investment Opportunity

      Five-unit multi-family building zoned for short-term rentals in Sarasota.
      1236 13Th St, Sarasota, FL 34236
      View Details
    • Contact for pricing
      18,171 SF

      Historic Sarasota Mixed-Use Opportunity

      Iconic 1926 building in downtown Sarasota with versatile zoning.
      601 Quay Cmns, Sarasota, FL 34236
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class-A Office Tower in Sarasota

      Eleven-story Class-A office tower in the heart of Sarasota's business district.
      240 S Pineapple Ave, Sarasota, FL 34236
      View Details
    • Contact for pricing

      Downtown Sarasota Office Sublease

      Spacious office sublease in downtown Sarasota's Truist Building.
      1777 Main St, Sarasota, FL 34236
      View Details
    • Contact for pricing

      Second Floor Office Space Available

      5,000 SF office space for lease with ample parking.
      130 N Tamiami Trl, Sarasota, FL 34236
      View Details
    • Contact for pricing
      2,459 SF

      Class A Office Space

      12-story Class A office space available for rent.
      Golden Gate Pt, Sarasota, FL 34236
      View Details
    • Contact for pricing
      120 SF

      Rosemary District Med Spa Space

      Newly finished med spa space in the Rosemary District.
      1542 4Th St, Sarasota, FL 34236
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1236 13Th St
    Sarasota, FL 34236
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1236 13Th St, Sarasota, FL, 34236
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!