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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Office buildings
2425 Fruitville Rd Sarasota, FL 34237-6222
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US18-2538092
Property summary
AI-generated overview
This exceptional 1,672 square foot freestanding office building is located at 2425 Fruitville Road in Sarasota, Florida, zip code 34237. The Class B property boasts high visibility and frontage on Fruitville Road, situated between Tuttle Avenue and US 301, ensuring significant traffic exposure. Ample parking is available on the fully paved site, providing convenient access for clients and employees. The interior is well-suited for medical or professional office use, featuring a thoughtfully designed layout. The space includes a welcoming reception area, five private offices, and a spacious meeting room. There is also the potential to add another private office, offering flexibility to adapt to evolving business needs. The asking price for this strategically located Sarasota office building is $575,000. This property presents a compelling opportunity for businesses seeking a prominent and accessible location in a high-traffic area. More photos are forthcoming.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,672 SF
Lot
0.2 ac (8,503 SF)
Zoning code
OPB
APN
2028-15-0058
UPID
US18-2538092
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
-
Suncoast Insurance & Finance Inc Insurance Agency
-
Suncoast Health Advisors Physician
-
Partners Construction Group Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$400k
Comparable Approach
Comparable
$686k
Blend (final)
Blend
$555k
Owner & transaction history
First Brethren Ch Of Sarasota Flo · 21 yrs held
First Brethren Ch Of Sarasota Flo
since 2004
Last sale
$555,000
1 recorded transaction
Zoning & alternative use
OPB · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$735,000
+33.0%
Medical building
$665,000
+20.4%
Retail stores
$660,000
+19.5%
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
$555,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$435,000
6.5%
$400,000
7%
$370,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$550,000
Current use
AUTO REPAIR, GARAGE
$735,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$665,000
Change: +20% · Conversion: Easy
RETAIL STORES
$660,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $555k (Dec 11 2024)
Last sale anchor
$555k
Dec 11 2024
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
$332 / 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
$5,935
Tax year 2023
Assessed value
$405,600
Assessed 2023
Previous assessed
$303,600
+33.6% YoY
Effective rate
1.46%
On assessed value
Assessed land
$258,500
Assessed improvement
$147,100
Land market value
$258,500
Improvement market value
$147,100
Total market value
$405,600
Applied tax rate
200.0000
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
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
8
Bathrooms
2
Total area
1,672 SF
Lot
0.2 ac (8,503 SF)
Zoning code
OPB
APN
2028-15-0058
UPID
US18-2538092
Jurisdiction
SARASOTA
Zoning & alternative use
OPB · Sarasota, FL
Zoning OPB · permitted uses
OPB · 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
$550,000
AUTO REPAIR, GARAGE
Est. value
$735,000
MEDICAL BUILDING
Est. value
$665,000
RETAIL STORES
Est. value
$660,000
OFFICE BUILDING Current
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
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
First Brethren Ch Of Sarasota Flo
Individual
Mailing address
150 N SHADE AVE, SARASOTA, FL 34237-6231
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2004
—
First Brethren Ch Of Sarasota Flo
Americas Busn Specialists Of Flo
Warranty Deed
related
$571,000 · Mennonite Mutual Aid Assn/elkh
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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