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Property profile & analytics
FOR SALE
Community centers
1345 2Nd St Sarasota, FL 34236
Trust Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2910589
For Sale
1 / 99
$3,800,000
1345 2Nd St, Sarasota, FL 34236
View Listing →
Property summary
AI-generated overview
This exceptional three-story mixed-use building, totaling 8,165 square feet, presents a unique investment opportunity in the vibrant heart of Downtown Sarasota, Florida. Situated at 1345 2nd St, 34236, this property boasts a desirable location directly across from the Selby Public Library and within easy reach of Main Street's numerous amenities. Constructed in 2000 to high standards, the building currently features a ground floor salon, a second-floor medical spa, and a third-floor residential rental unit. The sale includes a separate 10,018 square foot lot (the building sits on this lot). While being sold vacant, the medical spa tenant has expressed interest in a long-term lease. The property is zoned DTC and offers significant potential for owner-occupancy or continued multi-tenant operation. The asking price is $5,757,900. This presents a rare chance to acquire a well-maintained, strategically located mixed-use asset in a thriving Florida market. The building's versatile layout and prime location make it ideal for a variety of uses, offering substantial returns on investment. Don't miss this opportunity to own a piece of Downtown Sarasota.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,165 SF
Lot
0.12 ac (5,250 SF)
Zoning code
DTC
APN
2026-13-0088
UPID
US18-2910589
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
-
Bowerman Artistry Medical Clinic Skin Care Clinic
-
Bradley Business Consultants, Inc Consultant
-
Sparkle SRQ, LLC~Lash & Brow Studio @ The Laser Lounge Sarasota Hair Salon Nail Salon
-
The Laser Lounge Spa & Salon - Sarasota Spa & Massage Center Alternative Medicine Practice
-
Kristi Koepp Donato Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.36M
Blend (final)
Blend
$3.83M
Owner & transaction history
Spectrum Trust LLC · 4 yrs held
Spectrum Trust LLC
since 2021
Last sale
$3.4M
4 recorded transactions
Zoning & alternative use
DTC · 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
$4,835,000
ML approach
$4,870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,725,000
Current use
COMMERCIAL (GENERAL)
$5,690,000
Change: -1% · Conversion: Easy
OFFICE BUILDING
$5,160,000
Change: -10% · Conversion: Moderate
RESTAURANT
$5,065,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.83M
Range $3.45M – $4.21M · ±10% · vs last sale $3.35M (Aug 30 2021)
Last sale anchor
$3.35M
Aug 30 2021
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
$469 / 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
$41,317
Tax year 2023
Assessed value
$2,799,200
Assessed 2023
Previous assessed
$2,316,300
+20.8% YoY
Effective rate
1.48%
On assessed value
Assessed land
$566,300
Assessed improvement
$2,232,900
Land market value
$566,300
Improvement market value
$2,232,900
Total market value
$2,799,200
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
Community centers
Use group
MINI-MALL
Status
For Sale
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
3
Rooms
9
Bathrooms
5
Total area
8,165 SF
Lot
0.12 ac (5,250 SF)
Zoning code
DTC
APN
2026-13-0088
UPID
US18-2910589
Jurisdiction
SARASOTA
Zoning & alternative use
DTC · Sarasota, FL
Zoning DTC · permitted uses
DTC · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$5.7M
OFFICE BUILDING
Est. value
$5.2M
RESTAURANT
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
3
Rooms
9
Bathrooms
5
Lot
0.12 ac
Current owner
From public records · entity-resolved
Spectrum Trust LLC
Trust
Mailing address
20400 TRAILSIDE DR, ESTERO, FL 33928-2146
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2021
$3,350,000
Spectrum Trust LLC
John Carl Enterprises INC
Warranty Deed
$3,688,000 · Servisfirst Bank
Sep 29, 1999
—
John Carl Enterprises INC
Peper,john R
Quit Claim Deed
related
$517,000 · Sarasota Bank
May 5, 1998
$235,000
John R Peper
Rylee,james W
Grant Deed
$122,000 · Seller
—
—
John Carl Ents INC
—
Deed Of Trust
related
$1,187,000 · C1 Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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