Entity Owned Property summary
AI-generated overview
A for-lease retail storefront suite (Suite 103) located at 1626 Ringling Blvd in downtown Sarasota, Florida. The premises are configured for retail use, specifically oriented for operation as a sandwich shop concept within a downtown retail environment. The suite is part of a multi-tenant building and is currently occupied by an existing tenant.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2005
Total area
41,781 SF
Lot
0.69 ac (29,881 SF)
Zoning code
DTC
APN
2027-07-0029
UPID
US18-0179799
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Take-out & Catering Catering Service
-
Law Firm
-
Law Firm
-
Law Firm
-
Law Firm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.00M
Comparable Approach
Comparable
$15.57M
Blend (final)
Blend
$14.58M
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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$14.58M
Value range
$13.12M – $16.04M
±10% around blend
Estimated value / SF
$349 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$13.12M
blend $14.58M
$16.04M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
41,781 SF
Lot area
0.69 ac
Year built
2005
Stories
5
APN
2027-07-0029
Zoning
DTC
Assessed value
$13,799,900
Annual tax
$222,043
3
Income approach: direct capitalization
Partial preview
Income approach indication
$10.00M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$10.83M
@ 6.5% CAP return
$10.00M
@ 7% CAP return
$9.29M
4
Sales comparison
Partial preview
Sales approach indication
$15.57M
Range $6.71M – $21.69M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$14.58M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 84 sales
$632
-45%
Submarket 353 sales
$411
-15%
County 494 sales
$367
-5%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $349/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
Not available
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
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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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$13.80M
Move the market yield to see immediate price impact.
Value / SF
$330
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%
$869k
$17.39M
$12.42M
$9.66M
$966k
$19.32M
$13.80M
$10.73M
$1.06M
$21.25M
$15.18M
$11.81M
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
$222,043
Tax year 2023
Assessed value
$13,799,900
Assessed 2023
Previous assessed
$14,880,200
-7.3% YoY
Effective rate
1.61%
On assessed value
Assessed land
$3,417,800
Assessed improvement
$10,382,100
Land market value
$3,417,800
Improvement market value
$10,382,100
Total market value
$13,799,900
Applied tax rate
200.0000
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
Off-Market
Year built
2005
Heating
YES
Cooling
YES
Stories
5
Rooms
11
Bathrooms
2
Total area
41,781 SF
Lot
0.69 ac (29,881 SF)
Zoning code
DTC
APN
2027-07-0029
UPID
US18-0179799
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
2005
Heating
YES
Cooling
Yes
Stories
5
Rooms
11
Bathrooms
2
Lot
0.69 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.
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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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