Hotel Guest Room with Bunk
For Sale
$89,000
7150 N TAMIAMI TRL #S-612, Sarasota, FL 34243
The room accommodates up to five guests and includes a queen bed and bunk bed.
Property Size348 SF
Price / SF$255.75
Days on Market247
Property Features for 7150 N TAMIAMI TRL #S-612
General Information
Standard status
Active
Size
348 SF
Property subtype
Condo - Hotel
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,005
Amenities
huge heated pool
World Famous Tiki Bar & Grill
Live music
arcade
secure parking
Marina access with boat rentals
Building Details
Building Size
348 SF
Year Built
1959
Listing Agency:
BRIGHT REALTY
Listed By:
Jennifer Bright · License #3111857
(941) 552-6036
Source:
Wilmpropertygroup
Added: Mar 4
Changed: Nov 2
Last Checked: Nov 4 at 9:03AM
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 BRIGHT REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This updated guest room at the Ramada Inn is configured for up to five guests, with one queen bed and one bunk bed. The hotel dates to 1959, and shared amenities described for the property include a heated pool, Tiki Bar & Grill, live music, and an arcade.
The property also offers marina access, with boat rentals available. The address is on North Tamiami Trail in Sarasota, near beaches, downtown Sarasota, Sarasota Airport, and St. Armands Circle.
The property also offers marina access, with boat rentals available. The address is on North Tamiami Trail in Sarasota, near beaches, downtown Sarasota, Sarasota Airport, and St. Armands Circle.
Key Highlights
- Sleeps up to 5 guests
- One queen bed and one bunk bed
- Ramada Inn property built in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,211
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$84,220
$84.2K
Cap Rate 7%
$60,157
$60.2K
Cap Rate 9%
$46,789
$46.8K
Market Conditions
NOI Build-Up for 348 SF
Gross rent
$8.1K $23.28/SF
− Vacancy
−$446 −$1.28/SF
EGI
$7.7K $22.00/SF
− OpEx
−$3.4K −$9.90/SF
NOI
$4.2K $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%
$84,220
Cap Rate 7%
$60,157
Cap Rate 9%
$46,789
Alternative Uses
Best Use
Apartment 5plus
$60.2K
$52.6K – $70.2K
NOI $4,211 @ 7.0% cap · market cap 4.73%
Second Best
Hotel Hospitality
$19.1K
$16.7K – $22.3K
NOI $1,339 @ 7.0% cap · market cap 1.50%
Theoretical Best
Office A
$102.3K
$89.6K – $119.4K
NOI $7,164 @ 7.0% cap · market cap 8.05%
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 - The room accommodates up to five guests and includes a queen bed and bunk bed.
Where is this hotel located?
The property is located at 7150 N TAMIAMI TRL #S-612 Sarasota, FL.
What is the asking price?
The asking price for this property is $89,000.
What are key features of this property?
This property features: Sleeps up to 5 guests; One queen bed and one bunk bed; Ramada Inn property built in 1959
