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Property profile & analytics
OFF-MARKET
Estimated value
$24,690,000
Office buildings
1390 Main St Sarasota, FL 34236-5687
Entity Owned
Free & Clear
Property ID
US18-4043794
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1972
Total area
111,530 SF
Lot
1.07 ac (46,800 SF)
Zoning code
DTB
APN
2027-03-0068
UPID
US18-4043794
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
-
Zenith Insurance Insurance Agency
-
1390 Main St Garage Parking Lot & Garage
-
Governmental Risk Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$26.69M
Comparable Approach
Comparable
$23.47M
Blend (final)
Blend
$24.69M
Owner & transaction history
Jebcorez Tower LLC
Jebcorez Tower LLC
since 2025
4 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%
$28,910,000
6.5%
$26,685,000
7%
$24,780,000
Blend value · Realmo final
$24.69M
Range $22.22M – $27.16M · ±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
$221 / 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
$394,759
Tax year 2023
Assessed value
$20,799,900
Assessed 2023
Previous assessed
$20,288,800
+2.5% YoY
Effective rate
1.90%
On assessed value
Assessed land
$4,856,000
Assessed improvement
$15,943,900
Land market value
$4,856,000
Improvement market value
$15,943,900
Total market value
$20,799,900
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
1972
Heating
YES
Cooling
YES
Stories
12
Rooms
99
Bathrooms
170
Total area
111,530 SF
Lot
1.07 ac (46,800 SF)
Zoning code
DTB
APN
2027-03-0068
UPID
US18-4043794
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
1972
Heating
YES
Cooling
Yes
Stories
12
Rooms
99
Bathrooms
170
Lot
1.07 ac
Current owner
From public records · entity-resolved
Jebcorez Tower LLC
Entity
Free & Clear · 0 yrs held
Mailing address
207 W PLANT ST UNIT #770958, WINTER GARDEN, FL 34777-7040
Ownership since
2025
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
Nov 21, 2025
$17,535,000
Jebcorez Tower LLC
5 Points Luxe LLC
Special Warranty Deed
—
Oct 30, 2025
—
5 Points Luxe LLC
Wmg 5points LLC
Special Warranty Deed
—
Dec 22, 2022
—
Wmg 5 Points LLC
1390 Main Street LLC
Special Warranty Deed
—
Apr 6, 1998
$8,388,500
1390 Main Street LLC
Riscorp Insurance Co
Grant Deed
—
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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