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Property profile & analytics
FOR LEASE
Office buildings
2 N Tamiami Trl, Sarasota, FL 34236
Individually Owned
11-yr Hold
Free & Clear
Property ID
US18-4308969
For Lease
1 / 2
$45,660,000
2 N Tamiami Trl, Sarasota, FL 34236
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1988
Total area
147,578 SF
Lot
0.98 ac (42,854 SF)
Zoning code
DTB
APN
2027-04-0054
UPID
US18-4308969
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
-
The Luxor Group - Morgan Stanley Financial Advisor
-
Garcia Family Wealth Management at Morgan Stanley Financial Advisor
-
Susan Kelly - Morgan Stanley Financial Advisor
-
Twenty7 North Group - Morgan Stanley Financial Advisor
-
Michael Bowers - Morgan Stanley Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$35.31M
Comparable Approach
Comparable
$48.49M
Blend (final)
Blend
$45.66M
Owner & transaction history
Resource Conservation Of Sarasota · 11 yrs held
Resource Conservation Of Sarasota
since 2014
4 recorded transactions
Zoning & alternative use
DTB · 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%
$38,250,000
6.5%
$35,310,000
7%
$32,790,000
Blend value · Realmo final
$45.66M
Range $41.09M – $50.23M · ±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
$309 / 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
$624,094
Tax year 2023
Assessed value
$42,965,200
Assessed 2023
Previous assessed
$37,531,600
+14.5% YoY
Effective rate
1.45%
On assessed value
Assessed land
$4,520,700
Assessed improvement
$38,444,500
Land market value
$4,520,700
Improvement market value
$38,444,500
Total market value
$42,965,200
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
For Lease
Year built
1988
Heating
YES
Cooling
YES
Stories
12
Rooms
12
Bathrooms
22
Total area
147,578 SF
Lot
0.98 ac (42,854 SF)
Zoning code
DTB
APN
2027-04-0054
UPID
US18-4308969
Jurisdiction
SARASOTA
Zoning & alternative use
DTB · Sarasota, FL
Zoning DTB · permitted uses
DTB · 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
1988
Heating
YES
Cooling
Yes
Stories
12
Rooms
12
Bathrooms
22
Lot
0.98 ac
Current owner
From public records · entity-resolved
Resource Conservation Of Sarasota
Individual
Free & Clear · 11 yrs held
Mailing address
2 N TAMIAMI TRL STE #100, SARASOTA, FL 34236-5562
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2014
$533,800
Resource Conservation Of Sarasota
Blackburn Consolidated Holdi
Grant Deed
—
Feb 21, 2014
$236,900
Resource Conservation Of Sarasota
Blackburn Consolidated Holdi
Warranty Deed
—
Sep 12, 2013
$695,400
Resource Conservation Of Sarasota
Blackburn Consolidated Holdi
Warranty Deed
—
Jul 3, 2012
$18,350,000
One Sarasota Tower Lllp
One Sarasota Tower INC
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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