1630 Tuttle AveSarasota, FL 34239

Property Details for 1630 Tuttle Ave

Year built

1981

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.89 AC

Property size (Sq ft)

7,829 SF

Zone code

OPB

Property type

Office buildings

APN

2035-09-0036

APU

2035090036

Description

This exceptional, single-tenant Class A medical office building, totaling 7,829 square feet, is situated on a 38,471 square foot lot at 1630 S Tuttle Ave, Sarasota, FL 34239. Built in 1981 and extensively renovated in 2021, the property boasts a prime location just 1.9 miles from Sarasota Memorial Hospital. The building features 14 fully equipped exam rooms, a spacious X-ray room, seven private offices for physicians and staff, a large gym and physical therapy area, and a sizable waiting area with dual receptions. Staff amenities include a break room with kitchenette, a locker room with ample storage, four bathrooms, and two shower rooms. The property is zoned OPB and offers a turnkey solution for medical practitioners seeking a thriving practice in a strategic location. The asking price is $3,700,000, translating to $472.60 per square foot. This one-story building presents a rare opportunity to acquire a well-maintained, modern medical facility in a high-demand area of Sarasota County. The APN is 2035090036.

• CAP approach

  CAP return

  Valuation

  6%

  $2,353,620

  6.5%

  $2,172,570

  7%

  $2,017,390

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,570,570

  Geo Method

  $1,429,810

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,268,870

  Retail / Commercial

  $2,190,700

  Mixed-Use / Specialty

  $2,184,190

  Hospitality / Lodging

  $1,604,160

  Institutional / Educational

  $2,271,140

  Residential Income

  $2,657,240

  Multifamily

  $3,179,750

  Automotive / Energy

  $1,946,700

  Parking / Income-Based Land

  $670,497

  Restaurant / Food Service

  $1,138,790

  Healthcare / Senior Housing

  $2,238,520

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3183

Longitude

-82.5144

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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