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Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Flex space
2332 17th St Sarasota, FL 34234-1927
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-9258639
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,364 SF
Lot
0.88 ac (38,479 SF)
Zoning code
CI
APN
2023-03-0001
UPID
US18-9258639
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
-
Cody's Pawn & Jewelry Discount Store (Bike/Boat/Book/etc) Store
-
Coin Cloud Bitcoin ATM Atm Currency Exchange Service
-
Yasfe Todoservices Travel Agency
-
Elias barber shop 7k Barber Shop
-
Felix The Barber-King of The Talent- / FELO EL BARBERO Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.27M
Owner & transaction history
Sunmac Stone Specialists INC · 5 yrs held
Sunmac Stone Specialists INC
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
CI · 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%
$1,225,000
6.5%
$1,130,000
7%
$1,050,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,525,000
Current use
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±10% · vs last sale $1.29M (May 3 2021)
Last sale anchor
$1.29M
May 3 2021
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
$199 / 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
$21,178
Tax year 2023
Assessed value
$1,483,600
Assessed 2023
Previous assessed
$1,166,400
+27.2% YoY
Effective rate
1.43%
On assessed value
Assessed land
$649,000
Assessed improvement
$834,600
Land market value
$649,000
Improvement market value
$834,600
Total market value
$1,483,600
Applied tax rate
100.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Rooms
18
Bathrooms
8
Total area
6,364 SF
Lot
0.88 ac (38,479 SF)
Zoning code
CI
APN
2023-03-0001
UPID
US18-9258639
Jurisdiction
SARASOTA
Zoning & alternative use
CI · Sarasota, FL
Zoning CI · permitted uses
CI · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Rooms
18
Bathrooms
8
Lot
0.88 ac
Current owner
From public records · entity-resolved
Sunmac Stone Specialists INC
Entity
Mailing address
6490 METRO PLANTATION RD, FORT MYERS, FL 33966-1266
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2021
$1,290,000
Sunmac Stone Specialists INC
Kayali Plaza LLC
Warranty Deed
$1,032,000 · First Citizens Bank & Trust Co
Jul 31, 2019
$1,064,500
Kayali Plaza LLC
2332 17th Street LLC
Warranty Deed
$814,021 · Cadence Bank NA
Jul 26, 2019
—
2332 17th Street LLC
Sarasota Cnty
Quit Claim Deed
related
—
Mar 11, 2015
$101
2332 17th Street LLC
Community Bk & Co Coc
Trustees Deed
related
—
Mar 31, 2011
—
First Cmnty Bk Of America
Southeastern Coml Fin Coc
Trustees Deed
related
—
Oct 19, 1999
$50,000
Drake J K
Reynolds,joshua E & Judith A
Grant Deed
$42,000 · Daniel Kane Trustee
—
—
United Tile & Stone INC
—
Deed Of Trust
related
$350,000 · First Community Bank America
—
—
United Tile & Stone INC
—
Deed Of Trust
related
$150,000 · Dominion Business Finance LLC
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.
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