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Property profile & analytics
OFF-MARKET
Estimated value
$9,200,000
Office buildings
1341 Main St Sarasota, FL 34236-5616
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-4080027
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
36,396 SF
Lot
0.12 ac (5,250 SF)
Zoning code
DTB
APN
2027-04-0072
UPID
US18-4080027
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
-
Bella mcgrath llc Swimwear Store
-
Clasico Italian Chophouse Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.71M
Comparable Approach
Comparable
$9.03M
Blend (final)
Blend
$9.20M
Owner & transaction history
Palm Tower Suits LLC · 8 yrs held
Palm Tower Suits LLC
since 2018
5 recorded transactions
Zoning & alternative use
DTB · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$9,435,000
6.5%
$8,710,000
7%
$8,085,000
Blend value · Realmo final
$9.20M
Range $8.28M – $10.12M · ±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
$253 / 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
$34,359
Tax year 2023
Assessed value
$8,001,800
Assessed 2023
Previous assessed
$6,271,400
+27.6% YoY
Effective rate
0.43%
On assessed value
Assessed land
$1,308,000
Assessed improvement
$6,693,800
Land market value
$1,308,000
Improvement market value
$6,693,800
Total market value
$8,001,800
Applied tax rate
9,500.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
7
Rooms
47
Bathrooms
14
Total area
36,396 SF
Lot
0.12 ac (5,250 SF)
Zoning code
DTB
APN
2027-04-0072
UPID
US18-4080027
Jurisdiction
SARASOTA
Zoning & alternative use
DTB · Sarasota, FL
Zoning DTB · permitted uses
DTB · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sarasota. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
7
Rooms
47
Bathrooms
14
Lot
0.12 ac
Current owner
From public records · entity-resolved
Palm Tower Suits LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1810 W KENNEDY BLVD, TAMPA, FL 33606-1645
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2018
—
Palm Tower Suits LLC
1343 Main Street LLC
Warranty Deed
—
May 26, 2016
$6,250,000
1343 Main Street LLC
Palm Tower Sarasotaa LLC
Warranty Deed
$4,687,500 · Compass Bank
May 24, 2012
—
Palm Tower Sarasota LLC
Bon Eau Ents LLC
Warranty Deed
—
Nov 17, 2005
$6,183,900
Bon Eau Ents LLC
Palm Tower Of Sarasota LLC
Warranty Deed
—
Jan 8, 1999
$2,200,000
Palm Tower Of Sarasota LLC
J K Drake Trustee
Grant Deed
$1,760,000 · Northern Trust Bank Of Florida
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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