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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Office buildings
1945 17th St Sarasota, FL 34234-7504
Entity Owned
Free & Clear
Property ID
US18-0448937
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,250 SF
Lot
0.33 ac (14,470 SF)
Zoning code
ICD
APN
2024-16-0015
UPID
US18-0448937
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
-
Print Fanatics Printing Service (Bike/Boat/Book/etc) Store
-
SHAVONDA GRIFFIN Financial Advisor
-
SRQ Agent Real Estate Agency
-
GK Medical Skills Training Training Center Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$540k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
Larrydimmitt Cadillac INC
Larrydimmitt Cadillac INC
since 2025
Last sale
$935,000
7 recorded transactions
Zoning & alternative use
ICD · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$990,000
+7.0%
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%
$585,000
6.5%
$540,000
7%
$500,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$925,000
Current use
AUTO REPAIR, GARAGE
$990,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$895,000
Change: -3% · Conversion: Easy
RETAIL STORES
$890,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $935k (May 1 2025)
Last sale anchor
$935k
May 1 2025
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
$331 / 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
$9,403
Tax year 2023
Assessed value
$607,900
Assessed 2023
Previous assessed
$465,300
+30.6% YoY
Effective rate
1.55%
On assessed value
Assessed land
$250,500
Assessed improvement
$357,400
Land market value
$250,500
Improvement market value
$357,400
Total market value
$607,900
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
9
Bathrooms
2
Total area
2,250 SF
Lot
0.33 ac (14,470 SF)
Zoning code
ICD
APN
2024-16-0015
UPID
US18-0448937
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$990,000
MEDICAL BUILDING
Est. value
$895,000
RETAIL STORES
Est. value
$890,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
9
Bathrooms
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Larrydimmitt Cadillac INC
Entity
Free & Clear · 0 yrs held
Mailing address
1945 17TH ST STE #100, SARASOTA, FL 34234-7520
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2025
$935,000
Larrydimmitt Cadillac INC
Qw2016 LLC
Warranty Deed
—
Mar 15, 2016
$365,000
Qw2016 LLC
Richardson T J Trust
Grant Deed
$325,000 · Richardson T J Trust (pt)
Jan 19, 2016
$155,301
Richardson,t J Trust
Edif Holdings LLC Coc
Trustees Deed
—
Sep 28, 2012
$260,000
Edif Holdings LLC
Richardson,t J & Susan H
Warranty Deed
$255,000 · Richardson T J Trust (pt)
Mar 1, 2012
$10,002
Richardson T J Trust
Pech,annemarie Coc
Trustees Deed
—
Sep 26, 2006
$940,000
Annemarie Pech
Richardson,t J & Susan H
Warranty Deed
$799,000 · Richardson T J Trust (tr)
Mar 8, 2006
—
Richardson T J Trust
Richardson,terry J
Quit Claim Deed
related
—
—
—
Edif Holdings LLC
—
Deed Of Trust
related
$100,000 · Phil Warman
—
—
Terry J Richardson
—
Deed Of Trust
related
$110,000 · West Coast Bank
—
—
Terry J Richardson
—
Deed Of Trust
related
$200,000 · Peoples Community Bank W Coast
—
—
Terry J Richardson
—
Deed Of Trust
related
$150,000 · Suntrust Bank NA
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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