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Property profile & analytics
OFF-MARKET Estimated value $3,295,000
Office buildings

2070 Ringling Blvd Sarasota, FL 34237-7002

13,989 SF 0.28 ac lot Built 1972
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-4267744
Property summary
AI-generated overview

This exceptional multi-tenant office building, located in the heart of downtown Sarasota, Florida, presents a compelling owner-user investment opportunity. The 13,989 square foot Class B property sits on a 12,052 square foot lot in the Downtown Core zoning district, offering unparalleled accessibility and visibility. Priced at $3,800,000 ($271.64/sq ft), the building includes approximately 3,811 square feet of Class A office space exclusively available to the buyer, along with a retail unit and two leased office units generating a steady income stream. The versatile layout caters to diverse business needs, making it ideal for a flagship office or a mix of retail and office uses. Its prime location, steps from the courthouse, ensures high visibility and convenient access to the city's bustling activity. This property offers a unique blend of functionality, income potential, and a highly desirable location, representing a strong addition to any investment portfolio. The property is zoned for Downtown Core use.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1972
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,989 SF
Lot 0.28 ac (12,054 SF)
Zoning code DTC
APN 2029-05-0044
UPID US18-4267744
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
  • Access Connects Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Band, Gates & Dramis, P.L. Law Firm
  • Gates Chad L Law Firm
  • Stefan Campagna, Esq. Law Firm
  • Sarasota Estate Planning - Probate Law Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.35M
Comparable Approach Comparable
$3.60M
Blend (final) Blend
$3.30M
Owner & transaction history
Ringling Associates LLC · 11 yrs held
Ringling Associates LLC
since 2015
7 recorded transactions
2024
Price N/A
2024
Price N/A
2015
$1.3M
2008
Price N/A
2008
Price N/A
2006
$19,800
2000
$46,600
Zoning & alternative use
DTC · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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