Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6780 15th E St Sarasota, FL 34243-3207

    • Automotive properties
    • 1,320 SF
    • 1.15 lot acres
    OFF-MARKET
    Last Sale
    Jul 29, 2022
    $760,000
    Value Estimations
    $740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3222359
    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

    • Carmen’s Latin Food & Catering Services / Restaurant
    • SRQ Mechanical Center / Auto Repair Shop
    • D & M Towing LLC / Auto Repair Shop
    • SRQ Tire Center & Auto Repair / Auto Repair Shop

    Property Details for 6780 15th E St

    Year built
    1953
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.15 lot acres
    Property size
    1,320 SF
    Zone code
    LM
    Property type
    Automotive properties
    APN
    66194.0000-2
    APU
    6619400002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,015,000
      ML approach
      $1,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $603,000
      Market price range: $293k - $935k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $580,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $925,000
      Change: +60% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $920,000
      Change: +59% Conversion: Moderate
      OFFICE BUILDING
      $540,000
      Change: -7% Conversion: Difficult
      MEDICAL BUILDING
      $525,000
      Change: -10% Conversion: Difficult
      RETAIL STORES
      $520,000
      Change: -10% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5475
    Latitude
    27.4203
    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
    $5,995
    $255,000
    $84,276
    $339,276
    -
    $255,000
    $84,276
    $339,276

    Comparable in this City

    • Value Estimation
      $3,515,000
      960 SF

      1810 67th E Ave

      VEHICLE SALES, RENTALS • 960 SF
      1810 67th E Ave, Sarasota, FL 34243-4030
      View Details
    • Value Estimation
      $1,340,000
      1,392 SF

      8450 Tamiami Trl

      VEHICLE SALES, RENTALS • 1,392 SF
      8450 Tamiami Trl, Sarasota, FL 34243-2014
      View Details
    • Value Estimation
      $900,000
      3,711 SF

      1171 Rental Car Rd

      VEHICLE SALES, RENTALS • 3,711 SF
      1171 Rental Car Rd, Sarasota, FL 34243-2100
      View Details
    • Value Estimation by Request
      588 SF

      7861 Tamiami Trl

      VEHICLE SALES, RENTALS • 588 SF
      7861 Tamiami Trl, Sarasota, FL 34243-1942
      View Details
    • Value Estimation
      $2,065,000
      5,640 SF

      1120 Rental Car Rd

      VEHICLE SALES, RENTALS • 5,640 SF
      1120 Rental Car Rd, Sarasota, FL 34243-2100
      View Details
    • Value Estimation
      $2,025,000
      15,904 SF

      2001 University Pkwy

      VEHICLE SALES, RENTALS • 15,904 SF
      2001 University Pkwy, Sarasota, FL 34243-2820
      View Details

    Similar Nearby for Sale

    • $4,250,000

      Sarasota Industrial Property on 8.27 Acres

      Industrial property with warehouse, office/showroom, and heavy commercial zoning.
      6429 15Th St E, Sarasota, FL 34243
      View Details
    • Contact for pricing
      Pending

      Well-Maintained Building Near US41

      Located off US41, high visibility, suitable for various businesses.
      7774 Westmoreland Dr, Sarasota, FL 34243
      View Details
    • $4,250,000
      29,598 SF

      Prime Sarasota Industrial Warehouse

      29,598 SF Warehouse, $4.25M
      7176 15Th St, Sarasota, FL 34243
      View Details
    • $459,000
      2,250 SF

      Industrial Condo Unit For Sale

      2,250 sq ft industrial condo unit for sale.
      6636-6646 26Th Ct E, Sarasota, FL 34243
      View Details
    • Contact for pricing

      Land at I-75 and Fruitville

      Land for commercial, industrial, multi-family, and hotel development.
      95 Cattlemen Rd, Sarasota, FL 34243
      View Details
    • $1,900,000
      7,180 SF

      Premium Warehouse/Flex Facility in Sarasota

      Virtually new warehouse/flex space suitable for various commercial uses.
      6860 28Th Street Cir E, Sarasota, FL 34243
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      588 SF

      Freestanding Commercial Building Near Airport

      588 SF building on .287 acres, across from SRQ.
      7861 N Tamiami Trl, Sarasota, FL 34243
      View Details
    • Contact for pricing
      1,055 SF

      Retail/Office Space For Rent

      Ground floor retail/office suite with open floor plan.
      5899 Whitfield Ave, Sarasota, FL 34243
      View Details
    • Contact for pricing
      5,232 SF

      Turn-key Restaurant Opportunity

      Former Applebee's restaurant available for rent in Sarasota, Florida.
      3255 University Pkwy, Sarasota, FL 34243
      View Details
    • $35 SF/Yr
      3,150 SF

      Retail Space in Busy Center

      Retail space for lease in a busy, established shopping center.
      2821-2875 University Pkwy, Sarasota, FL 34243
      View Details
    • $27 SF/Yr
      2,681 SF

      Tamiami Trail Sarasota Office Space

      Prime Sarasota Office, 2681 sq ft
      7430 Tamiami Trl, Sarasota, FL 34243
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6780 15th E St
    Sarasota, FL 34243-3207
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!