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Property profile & analytics
OFF-MARKET
Estimated value
$2,925,000
Outlet malls
2628 17th St Sarasota, FL 34234-7830
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-0207270
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,000 SF
Lot
0.42 ac (18,480 SF)
Zoning code
IGD
APN
2023-01-0002
UPID
US18-0207270
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.14M
CAP Approach
CAP
$2.89M
Comparable Approach
Comparable
$3.95M
Blend (final)
Blend
$2.93M
Owner & transaction history
Agree Stores LLC · 4 yrs held
Agree Stores LLC
since 2021
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
IGD · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.8M
+0.7%
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
$3,175,000
ML approach
$3,135,000
CAP Approach
CAP Return
Estimation
6%
$3,125,000
6.5%
$2,885,000
7%
$2,680,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,740,000
Current use
MEDICAL BUILDING
$4,770,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$2.93M
Range $2.63M – $3.22M · ±10% · vs last sale $2.20M (Aug 25 2021)
Last sale anchor
$2.20M
Aug 25 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
$244 / 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
$27,162
Tax year 2023
Assessed value
$1,650,800
Assessed 2023
Previous assessed
$1,474,000
+12.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$348,800
Assessed improvement
$1,302,000
Land market value
$348,800
Improvement market value
$1,302,000
Total market value
$1,650,800
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
12
Bathrooms
2
Total area
12,000 SF
Lot
0.42 ac (18,480 SF)
Zoning code
IGD
APN
2023-01-0002
UPID
US18-0207270
Jurisdiction
SARASOTA
Zoning & alternative use
IGD · Sarasota, FL
Zoning IGD · permitted uses
IGD · 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
RETAIL STORES Current
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.8M
RETAIL STORES Current
MEDICAL BUILDING
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
12
Bathrooms
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
Agree Stores LLC
Entity
Free & Clear · 4 yrs held
Mailing address
70 E LONG LK RD, BLOOMFIELD HILLS, MI 48304-2356
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2021
$2,201,000
Agree Stores LLC
Ten Thirty LLC
Warranty Deed
—
Mar 12, 2019
—
Eastside Village LLC
—
Loan Modification
related
$1,450,000 · 4555 Trust (pt)
Aug 13, 2014
$2,200,000
Ten Thirty LLC
Eastside Village LLC
Grant Deed
—
Jun 28, 2010
—
Eastside Village LLC
—
Deed Of Trust
related
$1,450,000 · 4555 Trust (ct)
Sep 12, 2006
$2,000,000
Eastside Village LLC
Askins,roland V JR
Grant Deed
$1,450,000 · 4555 Trust (tr)
Jan 13, 2006
$1,800,000
4555 Trust
Cristiani,nadio
Warranty Deed
—
—
—
Ten Thirty LLC
—
Deed Of Trust
related
$80,000 · 4555 Trust (ct)
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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