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Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Manufacturing properties
1299 Mango Ave Sarasota, FL 34237-2816
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5115386
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1972
Total area
5,968 SF
Lot
0.29 ac (12,704 SF)
Zoning code
IHD
APN
2023-06-0006
UPID
US18-5115386
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
-
AubrielleLya Co. Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.43M
Owner & transaction history
Designer Marble & Granite INC · 10 yrs held
Designer Marble & Granite INC
since 2016
7 recorded transactions
Zoning & alternative use
IHD · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
istics 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) -…
Zone name
Industrial Heavy District
General category
INDUSTRIAL
Zone area
62.19 ac
Source
Home | City of Sarasota
Top alternative use upside
Medical building
$2.4M
+81.2%
Retail stores
$2.4M
+79.9%
Office building
$2.0M
+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%
$1,145,000
6.5%
$1,060,000
7%
$985,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,310,000
Current use
MEDICAL BUILDING
$2,375,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$2,355,000
Change: +80% · Conversion: Moderate
OFFICE BUILDING
$1,970,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±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
$240 / 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
$9,722
Tax year 2023
Assessed value
$564,300
Assessed 2023
Previous assessed
$494,700
+14.1% YoY
Effective rate
1.72%
On assessed value
Assessed land
$225,300
Assessed improvement
$339,000
Land market value
$225,300
Improvement market value
$339,000
Total market value
$564,300
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
1972
Heating
YES
Cooling
YES
Stories
1
Rooms
1
Bathrooms
2
Total area
5,968 SF
Lot
0.29 ac (12,704 SF)
Zoning code
IHD
APN
2023-06-0006
UPID
US18-5115386
Jurisdiction
SARASOTA
Zoning & alternative use
IHD · Sarasota, FLZoning IHD · permitted uses
IHD · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
istics 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 Overlay District by adding 1442 22nd
Zone name
Industrial Heavy District
General category
INDUSTRIAL
Zone area
62.19 ac
Source
Home | City of Sarasota
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.0M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
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
1972
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Designer Marble & Granite INC
Entity
Mailing address
1100 PNE PR RD, SARASOTA, FL 34240-9356
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2016
—
Designer Marble & Granite INC
—
Deed
related
$200,000 · Insignia Bk
—
—
Designer Marble & Granite INC
—
Deed Of Trust
related
$340,000 · Suntrust Bank Gulf Coast
—
—
Designer Marble & Granite INC
—
Deed Of Trust
related
$643,017 · Iberiabank
—
—
Designer Marble & Granite INC
—
Deed Of Trust
related
$140,621 · Iberiabank
—
—
Designer Marble & Granite INC
—
Deed Of Trust
related
$726,500 · Insignia Bk
—
—
Designer Marble & Granite INC
—
Deed Of Trust
related
$200,000 · Insignia Bk
—
—
Designer Marble & Granite INC
—
Deed Of Trust
related
$50,000 · Century Bank Fsb
—
—
Designer Marble & Granite INC
—
Deed Of Trust
related
$75,000 · Century Bank Fsb
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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