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Financial
Distress signals
Property profile

1903 Northgate Blvd Sarasota, FL 34234

FOR LEASE
Strip malls
Property ID
US18-9334125
43,013 SF 4.62 ac lot Built 1988
Last sale Dec 2008 · $415,200
Entity Owned Owner of record is a legal entity (LLC / corporation). 17-yr Hold Held for 17 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The Northgate Executive Center is located within Northgate Plaza on US Highway 301, approximately one mile south of University Parkway, providing access to Downtown Sarasota. The plaza features ample parking and is situated at a lighted intersection at the corner of Northgate Boulevard and US Highway 301. The available space is a 250-square-foot office configured to accommodate two people and is set up with electric service and WiFi.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$52k
Tax billed · 2023
Assessed value$3.57M
Assessed land$2.67M
Assessed improvement$895k
Effective rate1.45%

Value estimate

· Oct 2026
$6.00M
$5.40M – $6.60M
NOI build-up
Gross scheduled income$30k
Vacancy & credit loss−$2k
Operating expenses−$8k
NOI · 115,800.00% cap applied$20k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$701/SF
Submarket average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$200 – $1,126

Cap rate analysis

How does the asset earn?
115,800.00%
$20k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CI
The intent and purpose of the CI district is to permit and facilitate the proper development of high intensity commercial development
General categoryCOMMERCIAL
JurisdictionSARASOTA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency29.8
Dental Office27.8
Restaurant23.1

Location

1903 Northgate Blvd Sarasota, FL 34234
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 14 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2628 17th, Sarasota, FL 34234-7830 $2,201,000 Aug 2021 12,000 SF
1770 Tamiami, Sarasota, FL 34234-8337 $550,000 Oct 2020 920 SF
3333 Tamiami, Sarasota, FL 34234-5218 $4,950,000 Jan 2019 43,035 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
5 properties of the same type nearby
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