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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1961 Floyd St Ste Sarasota, FL 34239-2931

    • Office Properties & Spaces
    • 264 SF
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5991697
    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

    • Lori Blondell DPT / Physical Therapist
    • Alissa Berner Zdancewicz / Podiatrist
    • Megan Sandora Saltzman / Podiatrist
    • Eric Ryan West Coast Podiatry / Podiatrist
    • Ultra Sleep PM / Store

    Property Details for 1961 Floyd St Ste

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    264 SF
    Zone code
    OPB
    Property type
    Office Properties & Spaces
    APN
    2037-08-1005
    APU
    2037081005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $185,000
      COMMERCIAL (GENERAL)
      $185,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5307
    Latitude
    27.3204
    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
    $616
    $0.00
    $26,300
    $26,300
    -
    $0.00
    $26,300
    $26,300

    Comparable in this City

    • Value Estimation
      $310,000
      423 SF

      1961 Floyd St, Unit F

      CONDOMINIUM OFFICES • 423 SF
      1961 Floyd St, Sarasota, FL 34239-2931
      View Details
    • Value Estimation
      $230,000
      785 SF

      1219 Avec104

      CONDOMINIUM OFFICES • 785 SF
      1219 Avec104, Sarasota, FL 34239-2340
      View Details
    • Value Estimation by Request

      2904 Hyde Park St

      Office Properties & Spaces
      2904 Hyde Park St, Sarasota, FL 34239
      View Details
    • Value Estimation
      $265,000
      726 SF

      1219 Ave Ste C107

      CONDOMINIUM OFFICES • 726 SF
      1219 Ave Ste C107, Sarasota, FL 34239-2351
      View Details
    • Value Estimation
      $335,000
      1,274 SF

      2650 Bahia Vis St Ste, Unit 302

      CONDOMINIUM OFFICES • 1,274 SF
      2650 Bahia Vis St Ste, Sarasota, FL 34239-2634
      View Details
    • Value Estimation
      $385,000
      1,440 SF

      3300 Tamiami Trl Ste, Unit 3

      CONDOMINIUM OFFICES • 1,440 SF
      3300 Tamiami Trl Ste, Sarasota, FL 34239-5100
      View Details

    Similar Nearby for Sale

    • $1,469,000
      3,750 SF

      Southgate Circle Wellness Center

      Sarasota Office Building - Investment Opportunity
      3148 Southgate Cir, Sarasota, FL 34239
      View Details
    • $965,000
      2,444 SF

      Prime Sarasota Office Space

      Two-Suite Office, 2,444 SF, $965,000
      1800 Tuttle Ave, Sarasota, FL 34239
      View Details
    • $356,000
      30,000 SF

      Sarasota Medical Office Complex

      High-yield investment, prime location.
      2650 Bahia Vista St, Sarasota, FL 34239
      View Details
    • $425,000

      Prime Sarasota Office Land

      13,200 SF Office Lot, OPI Zoned
      2940 Bee Ridge Rd, Sarasota, FL 34239
      View Details
    • $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
    • $399,000

      Sarasota Office Space For Sale

      Well-maintained office near Sarasota Memorial Hospital with flexible layout.
      1219 S East Ave, Sarasota, FL 34239
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      2,444 SF

      Prime Sarasota Office Space

      Two Suites Available: Sale or Lease
      1800 Tuttle Ave, Sarasota, FL 34239
      View Details
    • $20 SF/Yr
      9,718 SF

      Sarasota Office Space for Lease

      Prime Sarasota location, multiple suites available.
      2000 Webber St, Sarasota, FL 34239
      View Details
    • Contact for pricing
      141,508 SF

      Shops at Siesta Row: Sarasota Office

      Prime Sarasota Office Suites Available
      3825 Osprey Ave, 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
    • $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.
    1961 Floyd St Ste
    Sarasota, FL 34239-2931
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    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.