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    Property profile & analytics

    1256 5Th St Sarasota, FL 34236

    • Dormitories
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US18-1104747
    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

    • Dormitories

    Property Details for 1256 5Th St

    Property type
    Dormitories
    Property subtype
    Student housing
    APN
    2026-12-0054, 2026-12-0067, 2026-12-0068

    Description

    Exceptional investment opportunity in Sarasota, Florida, presents a 7-unit multifamily property comprising three parcels totaling 21,000 square feet. Currently zoned Downtown Edge (DTE), the property is eligible for rezoning to Downtown Core (DTC), unlocking significant redevelopment potential. The existing structures, located at 1256 5th Street and 1259-1271 4th Street, are older and sold as-is. The asking price is $5,950,000, representing $850,000 per unit. This prime location benefits from its proximity to the Blvd Condominiums and Sarasota Modern Hotel, situated within a rapidly evolving neighborhood primed for luxury condominium development. A unique sale leaseback agreement is offered for an initial three-year term, providing a stable income stream post-closing. The property's three parcels include APNs 2026-12-0054, 2026-12-0067, and 2026-12-0068, situated in Sarasota County, Florida, zip code 34236. This presents a compelling opportunity for investors seeking both immediate income and long-term appreciation in a high-growth area. The seller makes no warranty of condition. The leaseback is solely for artist housing.

    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
    -82.5456585
    Latitude
    27.3402732

    Comparable in this City

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      Turnkey 5plex, prime location, high ROI.
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      Remodeled Duplex Near Lido Beach

      Remodeled duplex near beaches, downtown Sarasota, and St. Armands.
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      294 SF

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    Similar Nearby for Sale

    • Contact for pricing
      18,171 SF

      Belle Haven: Sarasota Gem

      Historic building, versatile uses.
      601 Quay Cmns, Sarasota, FL 34236
      View Details
    • Contact for pricing
      0.33 Acres

      Downtown Sarasota Land Assemblage

      .33-acre Multi-Family Development Site
      1400 Fruitville Rd, Sarasota, FL 34236
      View Details
    • $600,000
      Pending

      Unique Triplex in Laurel Park

      Triplex in Laurel Park neighborhood, close to downtown and Sarasota Bay.
      1825 Hawkins Ct, Sarasota, FL 34236
      View Details
    • $1,700,000
      4,402 SF

      Downtown Sarasota 5-Unit Apartment

      Turnkey 5plex, prime location, high ROI.
      1236 13Th St, Sarasota, FL 34236
      View Details
    • $1,600,000
      294 SF

      Lido Key Income-Producing Portfolio

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      170 Roosevelt Dr, Sarasota, FL 34236
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    • $3,899,000
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      Development Opportunity in Rosemary District

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    Similar Nearby for Lease

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      Downtown Sarasota Bungalow Office Space

      Charming 1923 bungalow office near downtown Sarasota for rent.
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      Downtown Sarasota Second Floor Office

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    1256 5Th St
    Sarasota, FL 34236
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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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