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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Warehouses
1501 Sarasota Ctr Blvd Sarasota, FL 34240-7809
Entity Owned
Free & Clear
Property ID
US18-3160728
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Total area
8,013 SF
Lot
0.78 ac (34,001 SF)
Zoning code
PID
APN
0209-08-0010
UPID
US18-3160728
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
-
Water Softener Parts Home Appliance Store Hardware & Home Improvement
-
Prodigy Pest Solutions Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.93M
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.69M
Owner & transaction history
Florida First Capital Finance Corp
Florida First Capital Finance Corp
since 2025
7 recorded transactions
Zoning & alternative use
PID · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.6M
+55.0%
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
$1,925,000
ML approach
$1,925,000
CAP Approach
CAP Return
Estimation
6%
$1,385,000
6.5%
$1,280,000
7%
$1,190,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,670,000
Current use
OFFICE BUILDING
$2,585,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±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
$211 / 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
$12,662
Tax year 2023
Assessed value
$884,600
Assessed 2023
Previous assessed
$884,600
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$322,400
Assessed improvement
$562,200
Land market value
$322,400
Improvement market value
$562,200
Total market value
$884,600
Applied tax rate
100.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
YES
Cooling
YES
Stories
1
Total area
8,013 SF
Lot
0.78 ac (34,001 SF)
Zoning code
PID
APN
0209-08-0010
UPID
US18-3160728
Jurisdiction
SARASOTA
Zoning & alternative use
PID · Sarasota, FL
Zoning PID · permitted uses
PID · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$2.6M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Heating
YES
Cooling
Yes
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Florida First Capital Finance Corp
Entity
Free & Clear · 0 yrs held
Mailing address
1501 S SARASOTA CTR BLVD, SARASOTA, FL 34240-7809
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2025
—
Florida First Capital Finance Corp
Dyco Industries INC
Deed
—
Jul 26, 2024
$1,925,000
Dyco Properties LLC
Roselawn Investments LLC
Warranty Deed
$982,500 · Sanibel Captiva Community Bank
Jul 26, 2024
—
Dyco Properties LLC
—
Deed
related
$786,000 · Sanibel Captiva Community Bank
Sep 23, 2022
—
Roselawn Investments LLC
Erick H Shum Way
Correction Deed
related
—
Aug 1, 2022
$900,000
Roselawn Investments LLC
Levi M Troyer
Warranty Deed
$675,000 · Bayfirst National Bank
Jan 9, 2019
—
Troyer,levi M Trust
Troyer,levi M & Lillis L
Quit Claim Deed
related
—
Oct 30, 2014
—
Levi Troyer
Dyer,leroy E & Terri L
Quit Claim Deed
related
—
Oct 30, 2014
$565,000
Levi Troyer
Dent John C JR
Grant Deed
—
Jan 13, 2005
$109,200
John C Dent JR
Sitc INC
Warranty Deed
$77,000 · Peoples Community Bank Of The West
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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