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Property profile & analytics
OFF-MARKET
Estimated value
$8,700,000
Office buildings
1950 Ringling Blvd, Sarasota, FL 34236-6002
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5082126
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2018
Total area
26,524 SF
Lot
0.27 ac (11,798 SF)
Zoning code
DTC
APN
2027-08-0001
UPID
US18-5082126
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
-
Gilbane Building Company Construction Company
-
Retirement Wealth Specialists Financial Advisor
-
Rudd International Inc Financial Advisor
-
Priority Wealth of Raymond James Financial Advisor
-
Udell Associates Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.35M
Comparable Approach
Comparable
$9.08M
Blend (final)
Blend
$8.70M
Owner & transaction history
200 S Washington Boulevard LLC · 19 yrs held
200 S Washington Boulevard LLC
since 2007
2 recorded transactions
Zoning & alternative use
DTC · 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%
$6,875,000
6.5%
$6,345,000
7%
$5,895,000
Blend value · Realmo final
$8.70M
Range $7.83M – $9.57M · ±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
$328 / 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
$120,221
Tax year 2023
Assessed value
$8,045,500
Assessed 2023
Previous assessed
$6,871,600
+17.1% YoY
Effective rate
1.49%
On assessed value
Assessed land
$949,100
Assessed improvement
$7,096,400
Land market value
$949,100
Improvement market value
$7,096,400
Total market value
$8,045,500
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
2018
Heating
YES
Cooling
YES
Stories
4
Rooms
8
Bathrooms
8
Total area
26,524 SF
Lot
0.27 ac (11,798 SF)
Zoning code
DTC
APN
2027-08-0001
UPID
US18-5082126
Jurisdiction
SARASOTA
Zoning & alternative use
DTC · Sarasota, FL
Zoning DTC · permitted uses
DTC · 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
2018
Heating
YES
Cooling
Yes
Stories
4
Rooms
8
Bathrooms
8
Lot
0.27 ac
Current owner
From public records · entity-resolved
200 S Washington Boulevard LLC
Entity
Mailing address
555 S OSPREY AVE, SARASOTA, FL 34236-7560
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2007
$1,732,700
200 S Washington Boulevard LLC
Kauffman Family Ptshp 1 Ltd
Warranty Deed
$500,000 · Bank Of Commerce
—
—
200 South Washington Boulevard
—
Loan Modification
related
$2,618,864 · Bank Of Commerce
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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