Technical
Financial
Distress signals
Property profile

1491 2nd St Sarasota, FL 34236

OFF-MARKET
Office buildings
Property ID
US18-3168375
2,914 SF 0.12 ac lot Built 1982
Entity Owned 1-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 1,423 square foot office space is located on the second floor of a two-story building at 1491 2nd Street, Sarasota, FL 34236. The property boasts a highly desirable downtown Sarasota location, offering unparalleled convenience and visibility. Situated directly across from Whole Foods and adjacent to Kahwa Coffee, this space benefits from high foot traffic and a vibrant surrounding environment. The building itself offers a total of 5,815 square feet, with ample parking provided in a private lot located at the rear of the building. The space is classified as both Traditional and Creative Office, making it suitable for a variety of businesses. The building does not have an elevator. Signage is available on the building's exterior wall facing Lemon Street, providing excellent branding opportunities. The property is a single-tenant space, offering privacy and control. There are a total of 20 parking spaces available for the building. This is a fantastic opportunity to establish a presence in a thriving downtown Sarasota location. The property is easily accessible and offers a blend of traditional and modern office features. The address is 1491 2nd Street, Sarasota, Florida, 34236.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1982
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,914 SF
Lot 0.12 ac (5,250 SF)
Zoning code DTC
APN 2026-14-0062
UPID US18-3168375

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
  • Vocational School Training Center
  • Physician
  • General Contractor
  • General Contractor
  • Association Or Organization

Location

1491 2nd St Sarasota, FL 34236-4913
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
$1.24M
Blend (final) Blend
$1.22M

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2018
Price N/A
2005
$1.5M
2004
$825,000

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
Commercial (general) $2.0M +10.2%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1491 2nd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message