New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,400,000
Retail space
1830 Osprey Ave Sarasota, FL 34239-3615
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3025213
Property summary
AI-generated overview
This exceptional 1,908 square foot restaurant space is located at 1830 S Osprey Ave #104, Sarasota, FL 34239, near Hillview. The single-tenant property is a fully operational restaurant, ready for immediate occupancy. It boasts a modern, well-maintained kitchen equipped with all necessary appliances and stylish furnishings. The versatile layout is suitable for a variety of dining concepts. High foot traffic and excellent visibility ensure a strong potential for attracting customers. All licenses, fixtures, and inventory are included in the sale. The asking price for the leasehold and key-money assets is $225,000. This is a fantastic opportunity for an established restaurateur or a new entrepreneur looking to launch a thriving business in a prime Sarasota location. The property offers unmatched convenience and significant potential for success.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,043 SF
Lot
0.97 ac (42,250 SF)
Zoning code
CN
APN
2037-15-0001
UPID
US18-3025213
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
-
Magnolia Cabinet Company General Contractor Renovation Specialist
-
Forbidden Tans Tanning Salon
-
Chasen Galleries Sarasota Paintings Store Sculptor
-
Ka Papa Cuisine 100% plant-based & vegan Restaurant
-
Veronica Fish and Oyster Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.40M
Owner & transaction history
Hillview Square LLC · 4 yrs held
Hillview Square LLC
since 2022
Last sale
$6.3M
6 recorded transactions
Zoning & alternative use
CN · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.9M
+77.6%
Commercial (general)
$9.8M
+76.5%
Restaurant
$8.7M
+57.1%
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
$8,365,000
ML approach
$8,280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,545,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,850,000
Change: +78% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,785,000
Change: +76% · Conversion: Easy
RESTAURANT
$8,710,000
Change: +57% · Conversion: Easy
OFFICE BUILDING
$6,975,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,170,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$4,745,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$6.40M
Range $5.76M – $7.04M · ±10% · vs last sale $6.28M (May 17 2022)
Last sale anchor
$6.28M
May 17 2022
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
$456 / 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
$78,481
Tax year 2023
Assessed value
$5,022,900
Assessed 2023
Previous assessed
$4,071,700
+23.4% YoY
Effective rate
1.56%
On assessed value
Assessed land
$3,279,600
Assessed improvement
$1,743,300
Land market value
$3,279,600
Improvement market value
$1,743,300
Total market value
$5,022,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
7
Bathrooms
18
Total area
14,043 SF
Lot
0.97 ac (42,250 SF)
Zoning code
CN
APN
2037-15-0001
UPID
US18-3025213
Jurisdiction
SARASOTA
Zoning & alternative use
CN · Sarasota, FL
Zoning CN · permitted uses
CN · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.9M
COMMERCIAL (GENERAL)
Est. value
$9.8M
RESTAURANT
Est. value
$8.7M
OFFICE BUILDING
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$4.7M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
18
Lot
0.97 ac
Current owner
From public records · entity-resolved
Hillview Square LLC
Entity
Mailing address
1966 HILLVIEW ST, SARASOTA, FL 34239-3607
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2022
$6,275,000
Hillview Square LLC
Hillview Real Estate Holdings LLC
Warranty Deed
$6,310,000 · The Bank Of Tampa
Jul 29, 2016
—
Hillview R & E Holdings LLC
—
Deed
related
$3,356,250 · Stonegate Bk
Jun 10, 2015
$4,100,000
Hillview Real Estate Holdings LLC
Hillview Square Lc
Special Warranty Deed
$3,400,000 · Cadence Bank NA
May 2, 2002
$375,000
Hillview Square Lc
Kenneth C Kiehl Trustee
Grant Deed
$2,720,000 · West Coast Gb
May 2, 2002
$750,000
Hillview Square Lc
Carlson,john N & Marcia S
Grant Deed
—
—
—
Hillview R & E Holdings LLC
—
Deed Of Trust
related
$3,356,250 · Stonegate Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1830 Osprey Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
