Technical
Financial
Distress signals
Property profile

201 Fletcher Ave Sarasota, FL 34237

OFF-MARKET
Office buildings
Property ID
US18-3382063
9,653 SF 0.56 ac lot Built 1998
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1998
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,653 SF
Lot 0.56 ac (24,185 SF)
Zoning code DTC
APN 2026-16-0086
UPID US18-3382063

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
  • Counselor
  • Law Firm
  • General Contractor Renovation Specialist
  • Consultant

Location

201 Fletcher Ave Sarasota, FL 34237-6044
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
$2.31M
Comparable Approach Comparable
$4.55M
Blend (final) Blend
$3.49M

Owner & transaction history

since 2017
3 recorded transactions
2021
Price N/A
2017
$2.2M
2012
$1.6M

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
Auto repair, garage $4.2M +33.0%
Medical building $3.8M +20.4%
Retail stores $3.8M +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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