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Property profile & analytics
OFF-MARKET Estimated value $1,220,000
Office buildings

1491 2nd St Sarasota, FL 34236-4913

2,914 SF 0.12 ac lot Built 1982
Entity Owned 1-yr Hold Free & Clear
Property ID
US18-3168375
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • QuickBooks Class Vocational School Training Center
  • Healthspan DNA Physician
  • ELA Group, Inc. General Contractor
  • Divald Homes LLC General Contractor
  • Patricks Office Association Or Organization
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
Siesta Key Property Holdings II LLC · 1 yrs held
Siesta Key Property Holdings II LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.0M +10.2%
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