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Property profile & analytics
OFF-MARKET
Estimated value
$5,535,000
Strip malls
1451 1st St, Sarasota, FL 34236-5709
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-2566068
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
36,286 SF
Lot
3.94 ac (171,602 SF)
Zoning code
DTC
APN
2026-14-0069
UPID
US18-2566068
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
-
Whole Foods Market Grocery & Convenience Store Food Market
-
WFM Coffee Bar Cafe & Coffee Shop
-
Amazon Locker - Sarasota Postal Service Courier Service
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Whole Foods Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.04M
Blend (final)
Blend
$5.54M
Owner & transaction history
Madison-rtl Sarasota Fl LLC · 7 yrs held
Madison-rtl Sarasota Fl LLC
since 2019
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.54M
Range $4.98M – $6.09M · ±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
$153 / 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
$333,335
Tax year 2023
Assessed value
$18,071,400
Assessed 2023
Previous assessed
$20,106,000
-10.1% YoY
Effective rate
1.84%
On assessed value
Assessed land
$15,444,200
Assessed improvement
$2,627,200
Land market value
$15,444,200
Improvement market value
$2,627,200
Total market value
$18,071,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
36,286 SF
Lot
3.94 ac (171,602 SF)
Zoning code
DTC
APN
2026-14-0069
UPID
US18-2566068
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.
Building & site characteristics
From public records
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
3.94 ac
Current owner
From public records · entity-resolved
Madison-rtl Sarasota Fl LLC
Entity
Free & Clear · 7 yrs held
Mailing address
50 CALIFORNIA ST STE #2100, SAN FRANCISCO, CA 94111-4621
Ownership since
2019
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
Feb 21, 2019
$24,620,000
Madison-rtl Sarasota Fl LLC
Golden Arrow First St Sarasota
Grant Deed
—
Oct 7, 2014
$19,100,000
Golden Arrow First St. Sarasota
Casto-zenith Venture LLC
Grant Deed
related
—
Feb 24, 2006
$465,000
James R Clendenon
One Hundred Central Avenue LLC
Grant Deed
—
Nov 16, 2005
$2,500,000
One Hundred Central Avenue LLC
Casto-zenith Venture LLC
Grant Deed
—
Jun 6, 2001
$3,500,000
First & Central LLC
Klauber,murray J
Grant Deed
related
—
Jul 2, 1999
$2,100,000
Klauber,murray J
Wynnton Sarasota II LP
Trustees Deed
—
May 28, 1998
$3,800,000
Sarasota Wyntonn II
Five Points Properties INC
Grant Deed
—
—
—
Murray J Klauber
—
Deed Of Trust
related
$900,000 · Harris Trust & Savings 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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