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Property profile & analytics
FOR LEASE
Manufacturing properties
1816 57Th St Sarasota, FL 34243
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0837615
For Lease
1 / 2
Contact for pricing
1816 57Th St, Sarasota, FL 34243
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Total area
28,039 SF
Lot
1.96 ac (85,500 SF)
Zoning code
ILW
APN
0024-16-0003
UPID
US18-0837615
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
-
My Angel CPR & First Aid Training Training Center Vocational School
-
Futra Solutions, Inc Tech Support Center IT Consulting Firm
-
Accessory Jungle Inc Auto Parts Store
-
True Wellness Marketing Advertising Agency Marketing & Advertising
-
My Angell, Inc Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.03M
Blend (final)
Blend
$2.88M
Owner & transaction history
Garden Studios INC · 4 yrs held
Garden Studios INC
since 2021
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
ILW · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent and purpose of the ILW district is to permit light manufacturing, processing, storage and warehousing, wholesaling and distribution and to facilitate the proper development and use
Zone name
Industrial Light Warehousing
General category
INDUSTRIAL
Zone area
66.55 ac
Source
Realmo
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
$3,610,000
ML approach
$3,715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,235,000
Current use
Blend value · Realmo final
$2.88M
Range $2.59M – $3.16M · ±10% · vs last sale $2.50M (Oct 1 2021)
Last sale anchor
$2.50M
Oct 1 2021
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
$103 / 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
$26,239
Tax year 2023
Assessed value
$1,574,200
Assessed 2023
Previous assessed
$1,379,100
+14.1% YoY
Effective rate
1.67%
On assessed value
Assessed land
$499,500
Assessed improvement
$1,074,700
Land market value
$499,500
Improvement market value
$1,074,700
Total market value
$1,574,200
Applied tax rate
100.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1968
Heating
YES
Cooling
YES
Stories
1
Rooms
35
Bathrooms
7
Total area
28,039 SF
Lot
1.96 ac (85,500 SF)
Zoning code
ILW
APN
0024-16-0003
UPID
US18-0837615
Jurisdiction
SARASOTA
Zoning & alternative use
ILW · Sarasota, FLZoning ILW · permitted uses
ILW · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent and purpose of the ILW district is to permit light manufacturing, processing, storage and warehousing, wholesaling and distribution and to facilitate the proper development and use
Zone name
Industrial Light Warehousing
General category
INDUSTRIAL
Zone area
66.55 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.2M
INDUSTRIAL (GENERAL) Current
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
1968
Heating
YES
Cooling
Yes
Stories
1
Rooms
35
Bathrooms
7
Lot
1.96 ac
Current owner
From public records · entity-resolved
Garden Studios INC
Entity
Mailing address
2187 SIESTA DR, SARASOTA, FL 34239-5235
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Oct 1, 2021
$2,500,000
Garden Studios INC
Srq Art LLC
Warranty Deed
$2,150,000 · Srq Art LLC
Aug 1, 2016
$750,000
Srq Art LLC
Eb Real Estate Holdings LLC
Warranty Deed
—
Apr 28, 2016
—
Eb Real Estate Holdings LLC
57th Street LLC Coc
Trustees Deed
related
—
Jan 28, 2014
$15,001
Eb Real Estate Holdings LLC
57th Street LLC Coc
Trustees Deed
related
—
Aug 29, 2002
$760,000
57th Street LLC
Waechter,robert
Grant Deed
$570,000 · Wachovia Bank NA
Jan 5, 2001
$650,000
Robert Waechter
Klockner Capital Corp
Grant Deed
$249,950 · Provident Savings Bank
—
—
57th Street LLC
—
Deed Of Trust
related
$1,350,000 · Libby Harold L Trust (tr)
—
—
57th Street LLC
—
Deed Of Trust
related
$1,500,000 · First Priority 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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