Technical
Financial
Distress signals
Property profile

1415 2nd St1st-floor Sarasota, FL 34236

OFF-MARKET
Apartment buildings
Property ID
US18-8229721
306,770 SF 1.08 ac lot Built 2017
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (100+ UNITS)
Year built 2017
Total area 306,770 SF
Lot 1.08 ac (47,250 SF)
Zoning code DTC
APN 2026-14-0054
UPID US18-8229721

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service
  • Physician
  • Restaurant
  • Advertising Agency Marketing & Advertising
  • Corporate Office Financial Advisor

Location

1415 2nd St1st-floor Sarasota, FL 34236-5102
Sarasota metro Census 103 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$83.71M

Owner & transaction history

since 2023
Last sale
$81.5M
2 recorded transactions
2023
$81.5M
2019
$80.3M

Zoning & alternative use

DTC · Sarasota, FL
Zoning description

screening between registered vacation rentals and single family uses; modify the definition for restaurants and add language to facilitate outdoor restaurants and seating; permit mobile food trucks as a permitted use in…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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