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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Banks
1790 Main St Sarasota, FL 34236-5816
Entity Owned
15-yr Hold
Free & Clear
Property ID
US18-1001960
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,816 SF
Lot
0.23 ac (10,120 SF)
Zoning code
DTC
APN
2027-02-0056
UPID
US18-1001960
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
-
LMCU Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$887k
Blend (final)
Blend
$800k
Owner & transaction history
Main Street Sarasota LLC · 15 yrs held
Main Street Sarasota LLC
since 2010
1 recorded transaction
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
Top alternative use upside
Industrial (general)
$915,000
+8.1%
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
by Request
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$850,000
Current use
INDUSTRIAL (GENERAL)
$915,000
Change: +8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$820,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±10%
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
$138 / 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
$32,551
Tax year 2023
Assessed value
$2,775,100
Assessed 2023
Previous assessed
$2,217,900
+25.1% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,738,200
Assessed improvement
$1,036,900
Land market value
$1,738,200
Improvement market value
$1,036,900
Total market value
$2,775,100
Applied tax rate
200.0000
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
5
Bathrooms
2
Total area
5,816 SF
Lot
0.23 ac (10,120 SF)
Zoning code
DTC
APN
2027-02-0056
UPID
US18-1001960
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
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$850,000
INDUSTRIAL (GENERAL)
Est. value
$915,000
AUTO REPAIR, GARAGE
Est. value
$820,000
FINANCIAL BUILDING Current
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
5
Bathrooms
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Main Street Sarasota LLC
Entity
Free & Clear · 15 yrs held
Mailing address
2575 NORTHBROOKE PLZ DR UNIT #300, NAPLES, FL 34119-8105
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2010
$1,200,000
Main Street Sarasota LLC
Orion Bk
Grant Deed
—
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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