Technical
Financial
Distress signals
Property profile

1990 Main St Sarasota, FL 34236

FOR LEASE
Office buildings
Property ID
US18-8630621
22,500 SF 1.11 ac lot Built 1926
Individually Owned 23-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Courthouse Centre, located at 1990 Main Street in Sarasota, Florida 34236, offers a prime leasing opportunity. This Class A office building, constructed in 2004, boasts 93,756 square feet of space and currently has 33,185 contiguous square feet available for lease on the 8th floor. The space is highly adaptable and can be subdivided to accommodate tenants' specific needs, with a minimum leasable area of 3,000 square feet. The building's strategic downtown location at the busy intersection of US-301 and Ringling Boulevard provides excellent visibility and accessibility. Ample parking is available with a generous 3:1000 ratio included in the rent, and an overall ratio of approximately 4.2:1000. The property also offers unique branding opportunities with naming rights on the top floor exterior. The building is suitable for traditional office, executive office, and medical office uses. This is a rare opportunity to secure a highly visible and adaptable space in a thriving Sarasota location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1926
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 22,500 SF
Lot 1.11 ac (48,256 SF)
Zoning code DTC
APN 2027-01-0084
UPID US18-8630621

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
  • Law Firm
  • Law Firm
  • Financial Advisor
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

1990 Main St Sarasota, FL 34236
Sarasota metro Census 102 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.68M
Blend (final) Blend
$11.02M

Owner & transaction history

since 2003
3 recorded transactions
2003
Price N/A
1999
$860,000
1969
Price N/A

Zoning & alternative use

DTC · Sarasota, FL
Zoning description

screening between registered vacation rentals and single family uses; modify the definition for restaurants and add language to facilitate outdoor restaurants and seating; permit mobile food trucks as a permitted use in…

General category MIXED_USE
Top alternative use upside
Retail stores $17.8M +25.3%
Neighborhood: shopping center $15.8M +11.0%
Commercial (general) $15.7M +10.2%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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