Furnished Waterfront Hotel
For Sale
$95,000
7150 N TAMIAMI TRL #S-600, Sarasota, FL 34243
Furnished accommodations include two queen beds, a workspace, and an updated bathroom with a walk-in shower.
Property Size274 SF
Price / SF$346.72
Days on Market568
Property Features for 7150 N TAMIAMI TRL #S-600
General Information
Standard status
Active
Size
274 SF
Property subtype
Condo - Hotel
Units
Unit Mix
1 x Studio
Multifamily Units
1
Additional Details
Furnished
Yes
Asking Price
$95,000
Taxes and HOA fees
Annual Taxes
$271
Amenities
heated bayfront pool
marina access
waterfront restaurant
tiki bar
fitness center
game room
walking paths
Building Details
Building Size
274 SF
Year Built
1959
Listing Agency:
RE/MAX HARBOR REALTY
Listed By:
Geri Vice · License #3211212
(941) 639-8500
Source:
Wilmpropertygroup
Added: Apr 17, 2025
Changed: Nov 2
Last Checked: Nov 4 at 9:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX HARBOR REALTY
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Investment Insights
Based on property information with market context.
This furnished hotel condominium includes two queen beds, a 70-inch TV, a workspace, a microwave, and a coffee station. The bathroom has a walk-in shower and stone-top vanity. The building dates to 1959, and the unit is offered with its furnishings.
Shared resort amenities include a heated bayfront pool, marina access, a waterfront restaurant and tiki bar, fitness center, game room, and walking paths. On-site management is available for bookings, cleaning, and maintenance. Use is limited to hotel-condominium purposes; full-time residence and long-term leasing are not permitted.
Shared resort amenities include a heated bayfront pool, marina access, a waterfront restaurant and tiki bar, fitness center, game room, and walking paths. On-site management is available for bookings, cleaning, and maintenance. Use is limited to hotel-condominium purposes; full-time residence and long-term leasing are not permitted.
Key Highlights
- Furnished hotel condo with two queen beds
- Shared amenities include a heated bayfront pool, marina access, fitness center, game room, and walking paths
- Waterfront restaurant and tiki bar on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,315
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$66,300
$66.3K
Cap Rate 7%
$47,357
$47.4K
Cap Rate 9%
$36,833
$36.8K
Market Conditions
NOI Build-Up for 274 SF
Gross rent
$6.4K $23.28/SF
− Vacancy
−$351 −$1.28/SF
EGI
$6.0K $22.00/SF
− OpEx
−$2.7K −$9.90/SF
NOI
$3.3K $12.10/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$66,300
Cap Rate 7%
$47,357
Cap Rate 9%
$36,833
Alternative Uses
Best Use
Apartment 5plus
$47.4K
$41.4K – $55.3K
NOI $3,315 @ 7.0% cap · market cap 3.49%
Second Best
Hotel Hospitality
$15.1K
$13.2K – $17.6K
NOI $1,054 @ 7.0% cap · market cap 1.11%
Theoretical Best
Office A
$80.6K
$70.5K – $94.0K
NOI $5,640 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Explore this area
Business Placement
Demographics for 34243, FL
30,107
Population
16,287
Households
1.8
Avg Household Size
54
Median Age
43%
College-Educated
95%
High-School Grad
18.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$79,799
Median Household Income
$42,586
Median Earnings
$1,960
Median Rent
$395,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Hotel - Furnished accommodations include two queen beds, a workspace, and an updated bathroom with a walk-in shower.
Where is this hotel located?
The property is located at 7150 N TAMIAMI TRL #S-600 Sarasota, FL.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: Furnished hotel condo with two queen beds; Shared amenities include a heated bayfront pool, marina access, fitness center, game room, and walking paths; Waterfront restaurant and tiki bar on site
