Technical
Financial
Distress signals
Property profile

2 Tuttle Ave Sarasota, FL 34237

OFF-MARKET
Office buildings
Property ID
US18-4056088
3,641 SF 0.32 ac lot Built 1956
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1956
Total area 3,641 SF
Lot 0.32 ac (14,040 SF)
Zoning code CN
APN 2031-04-0005
UPID US18-4056088

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
  • Physician Medical Clinic
  • Medical Clinic
  • Engineering Consultant

Location

2 Tuttle Ave Sarasota, FL 34237-6328
Sarasota metro Census 406 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$870k
Comparable Approach Comparable
$1.36M
Blend (final) Blend
$1.12M

Owner & transaction history

since 2019
4 recorded transactions
2019
$1.1M
2016
Price N/A
2004
$850,000
1969
Price N/A

Zoning & alternative use

CN · Sarasota, FL
Zoning description

The intent and purpose of the CN district is to permit small-scale neighborhood oriented commercial facilities and to facilitate their proper development and use through substantial buffering and design techniques to les…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.6M +33.0%
Medical building $1.5M +20.4%
Retail stores $1.4M +19.5%

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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