Property profile

523 Washington Blvd Sarasota, FL 34236

OFF-MARKET
Office buildings
Property ID
US18-5208485
4,739 SF 0.3 ac lot Built 1953
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1953
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,739 SF
Lot 0.3 ac (13,200 SF)
Zoning code DTE
APN 2027-09-0091
UPID US18-5208485

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

523 Washington Blvd Sarasota, FL 34236-7104
Sarasota metro Census 102 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.41M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.11M

Owner & transaction history

since 2023
Last sale
$7.5M
4 recorded transactions
2023
$7.5M
2014
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

DTE · Sarasota, FL
Zoning description

The Downtown Edge (DTE) district is a densely mixed-use area typically located along a pedestrian way or a roadway within a neighborhood

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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