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Property profile & analytics
OFF-MARKET
Banks
1519 Main St Sarasota, FL 34236-5802
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US19-0793493
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1936
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,856 SF
Lot
0.04 ac (1,900 SF)
Zoning code
DTC
APN
2027-03-0004
UPID
US19-0793493
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
-
Bank OZK Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Community Bk · 14 yrs held
Community Bk
since 2012
7 recorded transactions
Zoning & alternative use
DTC · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 DTC zone district and simplify approval process, and make minor text revisions to site plan criteria, site plans in the downtown, and condit…
Zone name
Downtown Core
General category
MIXED_USE
Zone area
248.50 ac
Source
Home | City of Sarasota
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$19,324
Tax year 2023
Assessed value
$1,450,300
Assessed 2023
Previous assessed
$837,000
+73.3% YoY
Effective rate
1.33%
On assessed value
Assessed land
$870,000
Assessed improvement
$580,300
Land market value
$870,000
Improvement market value
$580,300
Total market value
$1,450,300
Applied tax rate
9,500.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1936
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
3
Bathrooms
2
Total area
1,856 SF
Lot
0.04 ac (1,900 SF)
Zoning code
DTC
APN
2027-03-0004
UPID
US19-0793493
Jurisdiction
SARASOTA
Zoning & alternative use
DTC · Sarasota, FLZoning DTC · permitted uses
DTC · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 DTC zone district and simplify approval process, and make minor text revisions to site plan criteria, site plans in the downtown, and conditional use criteria. 22-5414 (PDF, 6MB) 22-5415 Primary Grid Streets (22-ZTA-02) - A
Zone name
Downtown Core
General category
MIXED_USE
Zone area
248.50 ac
Source
Home | City of Sarasota
Building & site characteristics
From public records
Year built
1936
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
3
Bathrooms
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Community Bk
Individual
Mailing address
LITTLE ROCK, AR 72231
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2012
$595,800
Community Bk
Caravel Brazil LLC
Warranty Deed
—
Feb 28, 2012
$534,000
Caravel Brazil LLC
Russell G Moore
Warranty Deed
$456,685 · Community Bank & Company
Jul 3, 2006
—
Moore Russell G Trust
Moore,russell G
Quit Claim Deed
related
—
Dec 15, 2005
—
Russell G Moore
Moore,russell G & Lisa M
Quit Claim Deed
related
—
May 14, 2003
$400,000
Russell Moore
L & L Sarasota
Grant Deed
$360,000 · Temecula Valley Bank NA
Mar 17, 1999
$129,800
Bernard J Long Trustee
Conrad,frank J & Marjorie L
Grant Deed
—
—
—
Moore Russell G Trust
—
Deed Of Trust
related
$150,000 · Insignia Bank
—
—
Russell G Moore
—
Deed Of Trust
related
$505,000 · Community Bank Of Manatee
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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