Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1945 Versailles St Sarasota, FL 34239-6900

    • Office buildings
    • 12,768 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    $7,430,000
    Last Sale
    Apr 05, 2022
    $6,000,000
    Location Intelligence
    Property ID
    US18-5572095
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kaine Jeffrey L MD / Rheumatologist
    • Dr. Yoel Drucker, MD / Rheumatologist
    • Weitzner Brad S MD / Rheumatologist
    • Sarasota Arthritis Center / Rheumatologist / Osteopath
    • Dr. Yoel Drucker / Rheumatologist

    Property Details for 1945 Versailles St

    Year built
    1987
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.00 lot acres
    Property size
    12,768 SF
    Zone code
    OPB
    Property type
    Office buildings
    APN
    2039-16-0003
    APU
    2039160003

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $7,995,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,285,000
      6.5%
      $6,250,000
      7%
      $5,700,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $7,150,000
      Geo Method
      $5,480,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,070,000
      Retail
      $5,625,000
      Mixed-Use
      $6,890,000
      Hospitality
      $6,805,000
      Educational
      $5,105,000
      Residential Income
      $5,890,000
      Energy
      $6,540,000
      Income-Based Land
      $5,255,000
      Food Service
      $6,350,000

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.532
    Latitude
    27.3008
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $66,387
    $1,218,100
    $3,015,700
    $4,233,800
    -
    $1,218,100
    $3,015,700
    $4,233,800

    Comparable in this City

    • Value Estimation by Request
      20,400 SF

      2881 Hyde Park St

      PROFESSIONAL BUILDING (MULTI-STORY) • 20,400 SF
      2881 Hyde Park St, Sarasota, FL 34239-3228
      View Details
    • Value Estimation by Request
      3,023 SF

      1704 Bay Rd

      PROFESSIONAL BUILDING • 3,023 SF
      1704 Bay Rd, Sarasota, FL 34239-6810
      View Details
    • Value Estimation by Request
      12,991 SF

      2111 Bee Rdg Rd

      PROFESSIONAL BUILDING • 12,991 SF
      2111 Bee Rdg Rd, Sarasota, FL 34239-6104
      View Details
    • Value Estimation
      $995,000
      2,502 SF

      2020 Rose St

      PROFESSIONAL BUILDING • 2,502 SF
      2020 Rose St, Sarasota, FL 34239-5209
      View Details
    • Value Estimation
      $1,175,000
      1,992 SF

      1805 Siesta Dr

      OFFICE BUILDING • 1,992 SF
      1805 Siesta Dr, Sarasota, FL 34239-6010
      View Details
    • Value Estimation
      $1,220,000
      2,588 SF

      2325 Tamiami Trl

      PROFESSIONAL BUILDING • 2,588 SF
      2325 Tamiami Trl, Sarasota, FL 34239-3807
      View Details

    Similar Nearby for Sale

    • $4,200,000
      9,441 SF

      Sarasota Office Building Fronting Bee Ridge Road

      Sarasota Office Building Fronting Bee Ridge Road
      2030 Bee Ridge Road, Sarasota, FL 34239
      View Details
    • $3,600,000

      Fully Renovated Central Sarasota Office

      Move-in ready office building on a high-traffic corridor.
      2030 Bee Ridge Rd, Sarasota, FL 34239
      View Details
    • $1,349,000
      5,791 SF

      Webber Street Leased Investment Opportunity

      Fully leased commercial building with high traffic on Webber Street.
      3575-3599 Webber St, Sarasota, FL 34239
      View Details
    • $1,025,000
      2,886 SF

      Freestanding Office Building Investment Opportunity

      Fully leased office building on Phillippi Creek, Sarasota, FL.
      3205 Southgate Cir, Sarasota, FL 34239
      View Details
    • $3,695,000
      7,829 SF

      7,829 SF Office Building For Sale

      7,829 SF Office Building For Sale
      1630 S Tuttle Ave, Sarasota, FL 34239
      View Details
    • $3,600,000
      9,441 SF

      Remodeled Office Building on Bee Ridge

      Fully renovated commercial office building with high visibility on Bee Ridge.
      2030 Bee Ridge Road Ext, Sarasota, FL 34239
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      3,302 SF

      Freestanding Office Building For Lease

      Freestanding office in Southgate neighborhood with convenient access.
      3135 Southgate Cir, Sarasota, FL 34239
      View Details
    • $35 SF/Yr
      1,274 SF

      Sarasota Office/Medical Building on U.S. 41

      Freestanding 1,274 SF building with high visibility on U.S. 41.
      3003 S Tamiami Trl, Sarasota, FL 34239
      View Details
    • Contact for pricing
      15,748 SF

      Sarasota Medical Office Suites

      Prime Sarasota location, multiple suites available.
      1921 Waldemere St, Sarasota, FL 34239
      View Details
    • $18 SF/Yr
      2,444 SF

      Prime Sarasota Office Space

      Two Suites Available: Sale or Lease
      1800 Tuttle Ave, Sarasota, FL 34239
      View Details
    • $38 SF/Yr
      8,352 SF

      Sarasota Medical Office Space Available

      Medical office suites for lease near Sarasota Memorial Hospital.
      1945 Versailles St, Sarasota, FL 34239
      View Details
    • $23 SF/Yr
      4,207 SF

      Prime Sarasota Medical Office Building

      4,207 SF Medical Office, High Visibility
      2650 Tamiami Trl, Sarasota, FL 34239
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1945 Versailles St
    Sarasota, FL 34239-6900
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.