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Property profile & analytics
OFF-MARKET Estimated value $2,250,000
Medical Office Space

1501 Laurel St Sarasota, FL 34236-7039

1,424 SF 0.17 ac lot Built 1971
Entity Owned 2-yr Hold Free & Clear
Property ID
US18-8953680
Property summary
AI-generated overview

This exceptional 665-square-foot office space is situated on the second floor of a two-story, 2,624-square-foot building located at 1501 Laurel St, Sarasota, FL 34236, in Sarasota County. The building, constructed in 1971 and renovated in 1985, offers a traditional office setting ideal for a variety of businesses. The space is part of a multi-tenant building, classified as Class C. The property boasts a highly desirable downtown location, directly across from the Burns Court Historic District. Enjoy unparalleled convenience with easy access to numerous amenities, including Owen’s Fish Camp, Burns Court Cinema, and The Fountain Kitchen & Wine Bar, all within walking distance. While the building does not include elevators, it offers three convenient parking spaces for tenants and visitors. This presents a unique opportunity to establish a presence in a vibrant and thriving area of Sarasota. The available space is ready for immediate occupancy and offers a fantastic blend of location, accessibility, and character. This is a rare opportunity to secure office space in a highly sought-after downtown Sarasota location.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1971
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,424 SF
Lot 0.17 ac (7,512 SF)
Zoning code DTC
APN 2027-11-0036
UPID US18-8953680
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
  • Grappin Clinic: Auto Accident Injury Medical Doctors & Chiropractors, Physical Therapy & Rehab Alternative Medicine Practice
  • Allen Arash Sarasota Cattlemen-Psc Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.25M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.25M
Owner & transaction history
Paslaqua Holdings LLC · 2 yrs held
Paslaqua Holdings LLC
since 2024
Last sale
$2.3M
5 recorded transactions
2024
$2.3M
2009
$750,000
2008
$900,000
2005
$1.1M
1997
$249,500
Zoning & alternative use
DTC · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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