Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,165,000
Office buildings
2411 Tallevast Rd Sarasota, FL 34243-3936
Entity Owned
Free & Clear
Property ID
US18-1756437
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2016
Construction
WOOD FRAME
Total area
34,212 SF
Lot
36.28 ac (1,580,357 SF)
Zoning code
LM,PD-C
APN
20049.0000-3
UPID
US18-1756437
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
-
Handy Bus Association / Organization
-
Manatee County Transit Fleet Facility County Government Office
-
Manatee County Area Transit Bus Stop
-
Manatee County Transit Operations Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.17M
Comparable Approach
Comparable
$12.49M
Blend (final)
Blend
$11.17M
Owner & transaction history
Tallevast 301 LLC
Tallevast 301 LLC
since 2025
4 recorded transactions
Zoning & alternative use
LM,PD-C · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$15.1M
+7.4%
Auto repair, garage
$15.0M
+7.0%
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%
$9,930,000
6.5%
$9,170,000
7%
$8,515,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,050,000
Current use
APARTMENT HOUSE (5+ UNITS)
$15,100,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$15,030,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$13,600,000
Change: -3% · Conversion: Easy
RETAIL STORES
$13,510,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$11.17M
Range $10.05M – $12.28M · ±10%
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
$326 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,940
Tax year 2022
Assessed value
$9,087,793
Assessed 2023
Previous assessed
$8,129,441
+11.8% YoY
Effective rate
0.03%
On assessed value
Assessed land
$2,771,607
Assessed improvement
$6,316,186
Land market value
$2,771,607
Improvement market value
$6,316,186
Total market value
$9,087,793
Applied tax rate
303.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2016
Construction
WOOD FRAME
Heating
NONE
Buildings
4
Stories
1
Units
2
Bathrooms
3
Total area
34,212 SF
Lot
36.28 ac (1,580,357 SF)
Zoning code
LM,PD-C
APN
20049.0000-3
UPID
US18-1756437
Jurisdiction
MANATEE
Zoning & alternative use
LM,PD-C · Sarasota, FL
Zoning LM,PD-C · permitted uses
LM,PD-C · 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
OFFICE BUILDING Current
Est. value
$14.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.1M
AUTO REPAIR, GARAGE
Est. value
$15.0M
MEDICAL BUILDING
Est. value
$13.6M
RETAIL STORES
Est. value
$13.5M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2016
Construction
WOOD FRAME
Heating
NONE
Stories
1
Buildings
4
Units
2
Bathrooms
3
Lot
36.28 ac
Current owner
From public records · entity-resolved
Tallevast 301 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1000, BRADENTON, FL 34206-1000
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2025
—
Tallevast 301 LLC
Manatee County
Deed
—
Dec 27, 2012
$4,520,000
Manatee Cnty
Forum LLC
Warranty Deed
—
May 24, 2004
$1,816,700
Covered Bridge Holdings II LLC
Hutches,tr
Grant Deed
related
—
Dec 9, 2003
$1,500,000
Ringhaver Equipment Co
Hutches,howard M
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2411 Tallevast Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
