Technical
Financial
Distress signals
Property profile

1481 Main St Sarasota, FL 34236

OFF-MARKET
Turn key restaurants
Property ID
US18-4960238
4,366 SF 0.1 ac lot Built 1920
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,366 SF
Lot 0.1 ac (4,500 SF)
Zoning code DTC
APN 2027-03-0052
UPID US18-4960238

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
  • Restaurant

Location

1481 Main St Sarasota, FL 34236-5714
Sarasota metro Census 103 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.55M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.70M
Blend (final) Blend
$2.55M

Owner & transaction history

since 2024
Last sale
$2.6M
2 recorded transactions
2024
$2.6M
2004
Price N/A

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
Top alternative use upside
Retail stores $3.5M +27.7%
Neighborhood: shopping center $3.1M +13.1%
Commercial (general) $3.0M +12.4%

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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