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Property profile & analytics
OFF-MARKET
Estimated value
$3,225,000
Retail space
482 John Ringling Blvd Sarasota, FL 34236-1428
Entity Owned
15-yr Hold
Free & Clear
Property ID
US18-1828252
Property summary
AI-generated overview
The Ringling Building, located at 482 John Ringling Blvd in Sarasota, Florida (zip code 34236), offers a fantastic retail opportunity in a vibrant shopping center. This Sarasota County property boasts a total of 13,223 square feet, with 5,599 square feet currently vacant and available for lease. Spaces range from a minimum of 1,160 square feet to a maximum contiguous space of 4,439 square feet, providing flexibility for various retail businesses. The building underwent renovations in 2013, ensuring modern amenities for tenants. Conveniently located, the property benefits from excellent visibility and accessibility. The building is classified as a multi-tenant shopping center and includes elevators for easy access to all levels. This is an exceptional chance to establish or expand your retail presence in a thriving Sarasota location. The property's prime location and modern features make it an ideal investment for businesses seeking high foot traffic and a strong customer base. Serious inquiries are encouraged to explore this exciting retail opportunity further. Contact us today to learn more about leasing options and availability.
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,513 SF
Lot
0.19 ac (8,125 SF)
Zoning code
CT
APN
2014-05-0085
UPID
US18-1828252
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
-
Art On St Armands Sarasota, A Procaccini Gallery Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.07M
Blend (final)
Blend
$3.23M
Owner & transaction history
Starmands Circle Partners Ltd · 15 yrs held
Starmands Circle Partners Ltd
since 2011
3 recorded transactions
Zoning & alternative use
CT · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,155,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,570,000
Change: -11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,540,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$3.23M
Range $2.90M – $3.55M · ±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
$495 / 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
$59,535
Tax year 2023
Assessed value
$3,545,400
Assessed 2023
Previous assessed
$3,041,000
+16.6% YoY
Effective rate
1.68%
On assessed value
Assessed land
$2,156,000
Assessed improvement
$1,389,400
Land market value
$2,156,000
Improvement market value
$1,389,400
Total market value
$3,545,400
Applied tax rate
9,100.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
110
Bathrooms
10
Total area
6,513 SF
Lot
0.19 ac (8,125 SF)
Zoning code
CT
APN
2014-05-0085
UPID
US18-1828252
Jurisdiction
SARASOTA
Zoning & alternative use
CT · Sarasota, FL
Zoning CT · permitted uses
CT · 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
$5.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.5M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
110
Bathrooms
10
Lot
0.19 ac
Current owner
From public records · entity-resolved
Starmands Circle Partners Ltd
Entity
Free & Clear · 15 yrs held
Mailing address
30 W MASHTA DR STE #400, KEY BISCAYNE, FL 33149-2475
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2011
$2,695,000
Starmands Circle Partners Ltd
Hafam Fl 482 LLC
Warranty Deed
—
Jul 15, 2008
—
Hafam Fl 482 LLC
Hanna Family Rentals LLC
Warranty Deed
—
Jul 11, 2007
—
Hanna Family Rentals LLC
Hanna Family Living Trust
Quit Claim 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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