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Property profile & analytics
OFF-MARKET
Estimated value
$6,475,000
Office buildings
1876 17th St Sarasota, FL 34234-7501
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US18-2320112
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Total area
33,384 SF
Lot
4.31 ac (187,743 SF)
Zoning code
ICD
APN
2025-01-0007
UPID
US18-2320112
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.99M
Comparable Approach
Comparable
$4.23M
Blend (final)
Blend
$6.48M
Owner & transaction history
17th Street Sarasota LLC · 15 yrs held
17th Street Sarasota LLC
since 2010
4 recorded transactions
Zoning & alternative use
ICD · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
$8,655,000
6.5%
$7,990,000
7%
$7,415,000
Blend value · Realmo final
$6.48M
Range $5.83M – $7.12M · ±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
$194 / 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
$71,805
Tax year 2023
Assessed value
$5,990,700
Assessed 2023
Previous assessed
$4,981,800
+20.3% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,943,600
Assessed improvement
$4,047,100
Land market value
$1,943,600
Improvement market value
$4,047,100
Total market value
$5,990,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Rooms
70
Bathrooms
11
Total area
33,384 SF
Lot
4.31 ac (187,743 SF)
Zoning code
ICD
APN
2025-01-0007
UPID
US18-2320112
Jurisdiction
SARASOTA
Zoning & alternative use
ICD · Sarasota, FL
Zoning ICD · permitted uses
ICD · 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.
Building & site characteristics
From public records
Year built
1982
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
70
Bathrooms
11
Lot
4.31 ac
Current owner
From public records · entity-resolved
17th Street Sarasota LLC
Entity
Mailing address
4054 SAWYER RD, SARASOTA, FL 34233-1272
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2025
—
17th Street Sarasota LLC
—
Deed
related
$1,500,000 · Midflorida Cu
Nov 12, 2010
$1,000,000
17th Street Sarasota LLC
City Natl Bk Of Fl
Grant Deed
$1,000,000 · Kompo Family Co LLC
—
—
17th Street Sarasota LLC
—
Deed Of Trust
related
$1,500,000 · Gateway Bk/sw Fl
—
—
City National Bank Trustee
—
Deed Of Trust
related
$2,700,000 · Ubs Warburg Real Estate Inv
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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