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    Property profile & analytics

    6645 Midnight Pass Rd, Unit B2 Sarasota, FL 34242-2508

    • Retail residential properties
    • 696 SF
    OFF-MARKET
    Value Estimation
    $2,535,000
    Last Sale
    Feb 07, 2024
    $2,550,000
    Location Intelligence
    Property ID
    US18-5514292
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lenny'z Pizza and Island Bar / Pizza Restaurant / Restaurant

    Property Details for 6645 Midnight Pass Rd

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    696 SF
    Zone code
    CG; SKOD
    Property type
    Retail residential properties
    APN
    0108-09-3002
    APU
    108093002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,550,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,730,000
      6.5%
      $2,525,000
      7%
      $2,585,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,850,000
      Geo Method
      $2,275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,330,000
      Retail
      $2,180,000
      Mixed-Use
      $2,420,000
      Hospitality
      $2,610,000
      Educational
      $2,305,000
      Residential Income
      $2,165,000
      Energy
      $2,680,000
      Income-Based Land
      $2,420,000
      Food Service
      $2,385,000

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5329
    Latitude
    27.2498
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,148
    $0.00
    $276,300
    $276,300
    -
    $0.00
    $276,300
    $276,300

    Comparable in this City

    • Value Estimation
      $390,000
      1,986 SF

      6621 Midnight Pass Rd, Unit 11

      STORES & APARTMENTS • 1,986 SF
      6621 Midnight Pass Rd, Sarasota, FL 34242-2508
      View Details
    • Value Estimation
      $1,050,000
      1,475 SF

      6643 Midnight Pass Rd, Unit 3

      STORES & APARTMENTS • 1,475 SF
      6643 Midnight Pass Rd, Sarasota, FL 34242-2508
      View Details
    • Value Estimation
      $390,000
      1,416 SF

      6631 Midnight Pass Rd, Unit 9

      STORES & APARTMENTS • 1,416 SF
      6631 Midnight Pass Rd, Sarasota, FL 34242-2508
      View Details
    • Value Estimation
      $420,000
      1,416 SF

      6631 Midnight Pass Rd, Unit 10

      STORES & APARTMENTS • 1,416 SF
      6631 Midnight Pass Rd, Sarasota, FL 34242-2508
      View Details
    • Value Estimation
      $1,010,000
      696 SF

      6645 Midnight Pass Rd, Unit A1

      STORES & APARTMENTS • 696 SF
      6645 Midnight Pass Rd, Sarasota, FL 34242-2508
      View Details
    • Value Estimation by Request
      9,053 SF

      6595 Midnight Pass Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 9,053 SF
      6595 Midnight Pass Rd, Sarasota, FL 34242-2506
      View Details

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      Rare waterfront lot on Siesta Key with dock potential.
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    Similar Nearby for Lease

    • $45 SF/Yr
      102,530 SF

      Siesta Key Retail Space - 102,530 SF

      Prime Siesta Key retail, large footprint, high visibility.
      6595 Midnight Pass Rd, Sarasota, FL 34242
      View Details
    • $34 SF/Yr
      532 SF

      Retail Shop in Siesta Key

      Small retail shop in Siesta Key Village for rent.
      5057 Ocean Blvd, Sarasota, FL 34242
      View Details
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    Sarasota, FL 34242-2508
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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