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1549 Ringling Blvd, Sarasota, FL 34236
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Property summary
AI-generated overview
A Class-A office building in Downtown Sarasota offering office suites ranging from 1,100 to 10,564 RSF. Suites on the fourth floor provide north and west-facing views over Downtown and the Bayfront. Spaces include private offices with north and west-facing windows and larger open collaborative areas with windows suitable for workstation or multi-desk layouts. The building is configured with street and on-site client parking, with an additional nearby surface lot available for employee parking at 1626 Ringling. The property is positioned within a walkable area near State Street, Main Street, and Bayfront dining and shopping, and offers opportunities for building and lobby signage.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Total area
61,007 SF
Lot
1.26 ac (55,008 SF)
Zoning code
DTC
APN
2027-06-0013
UPID
US18-4560535
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.60M
Comparable Approach
Comparable
$17.55M
Blend (final)
Blend
$17.27M
Owner & transaction history
since 2026
7 recorded transactions
Zoning & alternative use
DTC · Sarasota, FL
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…
General category
MIXED_USE
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$17.27M
Value range
$15.54M – $19.00M
±10% around blend
Estimated value / SF
$283 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$15.54M
blend $17.27M
$19.00M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
61,007 SF
Lot area
1.26 ac
Year built
1983
Stories
6
APN
2027-06-0013
Zoning
DTC
Assessed value
$15,549,800
Annual tax
$246,456
3
Income approach: direct capitalization
Partial preview
Income approach indication
$14.60M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$15.82M
@ 6.5% CAP return
$14.60M
@ 7% CAP return
$13.56M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$246,456
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$17.55M
Range $9.80M – $31.66M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$17.27M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 84 sales
$632
-55%
Submarket 353 sales
$411
-31%
County 494 sales
$367
-23%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $283/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.46M
Move the market yield to see immediate price impact.
Value / SF
$40
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$155k
$3.11M
$2.22M
$1.73M
$173k
$3.45M
$2.46M
$1.92M
$190k
$3.80M
$2.71M
$2.11M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$246,456
Tax year 2023
Assessed value
$15,549,800
Assessed 2023
Previous assessed
$14,729,100
+5.6% YoY
Effective rate
1.58%
On assessed value
Assessed land
$4,022,500
Assessed improvement
$11,527,300
Land market value
$4,022,500
Improvement market value
$11,527,300
Total market value
$15,549,800
Applied tax rate
9,500.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1983
Heating
YES
Cooling
YES
Stories
6
Rooms
25
Bathrooms
9
Total area
61,007 SF
Lot
1.26 ac (55,008 SF)
Zoning code
DTC
APN
2027-06-0013
UPID
US18-4560535
Jurisdiction
SARASOTA
Zoning & alternative use
DTC · Sarasota, FLZoning DTC · permitted uses
DTC · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
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…
General category
MIXED_USE
Building & site characteristics
From public records
Year built
1983
Heating
YES
Cooling
Yes
Stories
6
Rooms
25
Bathrooms
9
Lot
1.26 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
DTC
MIXED_USE
Jurisdiction
Sarasota, FL
Recorded code
DTC
Official district
DTC
Official district profile
What the municipal code says about DTC
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…
General category
MIXED_USE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DTC in Sarasota, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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