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Property profile & analytics
OFF-MARKET
Estimated value
$14,265,000
Hotels
1000 Blvd Of The Arts Sarasota, FL 34236-4808
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6014916
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1975
Total area
45,191 SF
Lot
3.56 ac (154,910 SF)
Zoning code
DTB
APN
2009-09-0026
UPID
US18-6014916
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Commercial Cuts of Sarabay Landscaping General Contractor
-
Sunworld Watersports (Bike/Boat/Book/etc) Store
-
Hyatt Regency Sarasota Hotel & Motel
-
Encore Rental Equipment Company Tech Support Center
-
Stay 3 & Save Thru Sept! Design Unit for 4 Guests, Pool, Beach Shuttle and More Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.90M
Blend (final)
Blend
$14.27M
Owner & transaction history
Kt Sarasota South LLC · 4 yrs held
Kt Sarasota South LLC
since 2022
6 recorded transactions
Zoning & alternative use
DTB · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sarasota submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sarasota submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.27M
Range $12.84M – $15.69M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$316 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$461,373
Tax year 2023
Assessed value
$26,687,300
Assessed 2023
Previous assessed
$26,687,300
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$11,386,900
Assessed improvement
$15,300,400
Land market value
$11,386,900
Improvement market value
$15,300,400
Total market value
$26,687,300
Applied tax rate
200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1975
Heating
YES
Cooling
YES
Buildings
7
Stories
1
Rooms
293
Bathrooms
309
Total area
45,191 SF
Lot
3.56 ac (154,910 SF)
Zoning code
DTB
APN
2009-09-0026
UPID
US18-6014916
Jurisdiction
SARASOTA
Zoning & alternative use
DTB · Sarasota, FL
Zoning DTB · permitted uses
DTB · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sarasota. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
YES
Cooling
Yes
Stories
1
Buildings
7
Rooms
293
Bathrooms
309
Lot
3.56 ac
Current owner
From public records · entity-resolved
Kt Sarasota South LLC
Entity
Mailing address
105 NE 1ST ST, DELRAY BEACH, FL 33444-3807
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2022
$31,000,000
Kt Sarasota South LLC
Sarasota Hotel Acquisition Group Ll
Special Warranty Deed
$67,600,000 · Cibc Bank USA
Oct 4, 2016
$57,800,000
Sarasota Hotel Acquisition Group Ll
Hotel Associates Of Sarasota Ltd
Special Warranty Deed
—
Jan 31, 2005
$3,334,000
Beau Ciel Lllp
Hotel Assocs Of Sarasota Ltd
Grant Deed
related
—
Oct 11, 2001
$4,000,000
Beau Ciel Lllp
Hotel Associates Of Sarasota
Grant Deed
$34,460,000 · Huntington National Bank
—
—
Hotel Assocs Of Sarasota Ltd
—
Deed Of Trust
related
$47,826,000 · Nomura Credit & Capital INC
—
—
Hotel Associates Of Sarasota Ltd
—
Deed Of Trust
related
$30,000,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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