Financial
Distress signals
Property profile

240 Pineapple Ave Sarasota, FL 34236

OFF-MARKET
Office buildings
Property ID
US18-5909689
139,233 SF 0.84 ac lot Built 1989
Last sale Mar 2006 · $12,420,000
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

240 S. Pineapple Avenue in Sarasota is an 11-story Class-A office tower located in the downtown business district. The building has undergone upgrades that include contemporary design elements, upgraded interior and exterior finishes, modern security systems, and sustainability/green practices. It is positioned along the downtown retail corridor and is adjacent to the Aloft hotel, with nearby restaurants, bars, retail shops, and Whole Foods. The property faces The Mark condominium complex,

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$339k
Tax billed · 2023
Assessed value$23.78M
Assessed land$3.99M
Assessed improvement$19.79M
Effective rate1.42%

Value estimate

· Sep 2026
$28.68M
$25.81M – $31.54M
CAP approach$33.32M
Sales comparison$26.84M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$632/SF
ZIP average, outlier-cleaned · 84 recorded sales of this use type
Observed band · Q1–Q3$362 – $1,132

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
DTC
The Downtown Core (DTC) district is a very dense mixed-use urban area
General categoryMIXED_USE
JurisdictionSARASOTA

Location intelligence

Which uses thrive at this corner?
Best fit: Butcher
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Butcher8.4
Auto Parts Store8.0
Laundromat7.8

Location

240 Pineapple Ave Sarasota, FL 34236-6717
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
240 Washington, Sarasota, FL 34236-5945 $7,900,000 Jan 2026 52,413 SF
1090 Tamiami, Sarasota, FL 34236-9116 $3,050,000 Oct 2024 10,744 SF
777 Palm, Sarasota, FL 34236-7770 $5,500,000 Jun 2024 9,316 SF
100 Washington, Sarasota, FL 34236-6971 $6,000,000 Dec 2023 8,140 SF
32 Osprey, Sarasota, FL 34236-8500 $5,700,000 Sep 2023 8,036 SF
630 Orange, Sarasota, FL 34236-7504 $3,400,000 Aug 2023 12,851 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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