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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Retail space
1540 Main St Sarasota, FL 34236-5803
Entity Owned
~
Est. High Equity
Property ID
US19-0359134
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,000 SF
Lot
0.12 ac (5,250 SF)
Zoning code
DTC
APN
2027-03-0087
UPID
US19-0359134
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
-
Stephanie Katsiamakis, Realtor Real Estate Agency
-
Elise Miller Realtor - Elise Marie Home Sales Real Estate Agency
-
Living Vogue Real Estate Real Estate Agency
-
Melissa Kobielnik-Realtor Real Estate Agency
-
Chris Bauman / Living Vogue Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$885k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$775k
Owner & transaction history
Srq Main Street LLC
Srq Main Street LLC
since 2025
Last sale
$488,000
7 recorded transactions
Zoning & alternative use
DTC · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$800,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $488k (Dec 10 2020)
Last sale anchor
$488k
Dec 10 2020
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
$155 / 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
$32,910
Tax year 2023
Assessed value
$2,280,200
Assessed 2023
Previous assessed
$1,481,800
+53.9% YoY
Effective rate
1.44%
On assessed value
Assessed land
$1,308,000
Assessed improvement
$972,200
Land market value
$1,308,000
Improvement market value
$972,200
Total market value
$2,280,200
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
5
Bathrooms
2
Total area
5,000 SF
Lot
0.12 ac (5,250 SF)
Zoning code
DTC
APN
2027-03-0087
UPID
US19-0359134
Jurisdiction
SARASOTA
Zoning & alternative use
DTC · Sarasota, FL
Zoning DTC · permitted uses
DTC · 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.
Building & site characteristics
From public records
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
5
Bathrooms
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Srq Main Street LLC
Entity
Mailing address
7750 S TAMIAMI TRL, SARASOTA, FL 34231-6888
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2025
$4,000,000
Srq Main Street LLC
Venice Avenue Property LLC
Special Warranty Deed
—
Dec 10, 2020
$488,000
Sarasure LLC
Venice Avenue Property LLC
Warranty Deed
—
Feb 28, 2019
—
Venice Avenue Property LLC
—
Deed
related
$200,000 · Cadence Bk NA
May 8, 2018
—
Venice Avenue Property LLC
—
Trustees Deed
related
$100,000 · Cadence Bk NA
Dec 7, 2015
$1,680,000
Venice Avenue Property LLC
Smulron LLC
Warranty Deed
—
Aug 29, 2013
$3,000,000
Smulron LLC
Sarall II LLC
Warranty Deed
—
Dec 30, 2011
$1,265,000
Sarall II LLC
Free,jeffrey A & Alison D
Warranty Deed
—
Jul 26, 2010
—
Jeffrey A Free
Free,jeffrey A & Alison D
Quit Claim Deed
related
—
May 29, 2007
—
Free Trust
Free,jeffrey A & Alison D
Quit Claim Deed
related
—
Apr 13, 2006
$1,475,000
Jeffrey A Free
Goodwill Inds-manasota INC
Grant Deed
$1,050,000 · Busey Bank
Nov 16, 2005
—
Goodwill Inds-manasota INC
Goodwill Inds-suncoast INC
Quit Claim Deed
related
—
—
—
Venice Avenue Property LLC
—
Loan Modification
related
$200,000 · Cadence Bk NA
—
—
Jeffrey A Free
—
Deed Of Trust
related
$620,000 · Busey Bank
—
—
Jeffrey A Free
—
Deed Of Trust
related
$1,269,305 · Busey Bank
—
—
Jeffrey A Free
—
Deed Of Trust
related
$100,000 · Busey Bank
—
—
Jeffrey A Free
—
Deed Of Trust
related
$100,000 · Busey Bank
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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