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Property profile & analytics
OFF-MARKET
Estimated value
$11,895,000
Hotels
1020 University Pkwy Sarasota, FL 34234-2853
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-1876385
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2000
Total area
47,136 SF
Lot
2.09 ac (91,083 SF)
Zoning code
CP
APN
2001-01-0005
UPID
US18-1876385
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
-
SpringHill Suites Sarasota Bradenton Hotel & Motel
-
1020 University Parkway Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.11M
Blend (final)
Blend
$11.90M
Owner & transaction history
Sh Sarasota LLC · 9 yrs held
Sh Sarasota LLC
since 2016
6 recorded transactions
Zoning & alternative use
CP · 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
$11.90M
Range $10.71M – $13.08M · ±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
$252 / 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
$92,465
Tax year 2023
Assessed value
$5,899,000
Assessed 2023
Previous assessed
$5,015,300
+17.6% YoY
Effective rate
1.57%
On assessed value
Assessed land
$2,100,000
Assessed improvement
$3,799,000
Land market value
$2,100,000
Improvement market value
$3,799,000
Total market value
$5,899,000
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
2000
Heating
YES
Cooling
YES
Stories
3
Bathrooms
86
Total area
47,136 SF
Lot
2.09 ac (91,083 SF)
Zoning code
CP
APN
2001-01-0005
UPID
US18-1876385
Jurisdiction
SARASOTA
Zoning & alternative use
CP · Sarasota, FL
Zoning CP · permitted uses
CP · 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
2000
Heating
YES
Cooling
Yes
Stories
3
Bathrooms
86
Lot
2.09 ac
Current owner
From public records · entity-resolved
Sh Sarasota LLC
Entity
Free & Clear · 9 yrs held
Mailing address
6903 CONGRESS ST, NEW PORT RICHEY, FL 34653-2704
Ownership since
2016
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
Jun 25, 2025
—
Sh Sarasota LLC
—
Deed
related
$8,250,000 · Banesco USA
Jul 14, 2017
—
Sh Sarasota LLC
—
Deed
related
$1,850,193 · Sarasota Hotel Airport LLC
Sep 7, 2016
$6,000,000
Sh Sarasota LLC
Jpmcc 2006 Ldp9 Sarasota Lodging Ll
Special Warranty Deed
—
Sep 20, 2011
—
Jpmcc 2006-ldp9 Sarasota Lodgi
W2007 Mckibbon Hotel Grou 3
Trustees Deed
related
—
Jan 26, 2006
$415,000
Equity Inns Ptshp
Mckibbon Brothers INC
Grant Deed
—
—
—
Sh Sarasota LLC
—
Deed Of Trust
related
$1,850,193 · Sarasota Hotel Airport LLC
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.
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