Technical
Financial
Distress signals
Property profile

1975 Morrill St Sarasota, FL 34236

OFF-MARKET
Investment properties
Property ID
US18-6079625
1,206 SF 0.11 ac lot Built 1950
Trust Owned 10-yr Hold Free & Clear
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,206 SF
Lot 0.11 ac (5,000 SF)
Zoning code DTE
APN 2027-08-0082
UPID US18-6079625

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Artist

Location

1975 Morrill St Sarasota, FL 34236-6934
Sarasota metro Census 102 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
$330k
Comparable Approach Comparable
$527k
Blend (final) Blend
$400k

Owner & transaction history

since 2016
5 recorded transactions
2016
Price N/A
2010
Price N/A
2000
$168,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

DTE · Sarasota, FL
Zoning description

The Downtown Edge (DTE) district is a densely mixed-use area typically located along a pedestrian way or a roadway within a neighborhood

General category MIXED_USE
Top alternative use upside
Neighborhood: shopping center $845,000 +0.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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