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    Property profile & analytics

    1517 State St Sarasota, FL 34236-5825

    • Office buildings
    • 14,352 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US18-5565529
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Edward Jones - Financial Advisor: Joe Flores, CFP®|ChFC®|CEPA® / Stock Broker / Financial Consultant
    • The Law Office of Robert K. Lincoln / Law Firm
    • Siesta Key Films / Film Production Company
    • State Street Funding / Consultant
    • Payserv Systems / Human Resources / Business To Business Service

    Property Details for 1517 State St

    Year built
    2004
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.12 lot acres
    Property size
    14,352 SF
    Zone code
    DTC
    Property type
    Office buildings
    APN
    2027-03-0097
    APU
    2027030097

    Description

    This exceptional commercial property, located at 1517 State Street in the heart of Downtown Sarasota, Florida (zip code 34236), offers a unique opportunity for businesses seeking flexible and well-appointed office or retail space. The building, constructed in 2004, is a three-story Class B structure featuring one building with elevator access. The space is zoned DTC and is available in multiple tenancies, with a minimum divisible space of 1,300 square feet and a maximum contiguous space of 4,300 square feet. This versatile property is ideal for a variety of businesses, offering both traditional and creative office layouts. The space boasts attractive street-front visibility with large glass windows, providing excellent natural light and enhancing the property's curb appeal. The interior is nicely built out, offering multiple offices ready for immediate occupancy. This location provides unparalleled access to the vibrant energy of Downtown Sarasota, placing your business in the midst of the action. The property's convenient location and attractive features make it an exceptional investment opportunity. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5402
    Latitude
    27.3359
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $47,674
    $577,000
    $2,578,400
    $3,155,400
    -
    $577,000
    $2,578,400
    $3,155,400

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    Sarasota, FL 34236-5825
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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