Technical
Financial
Distress signals
Property profile

1111 Ritz Carlton Dr Sarasota, FL 34236

OFF-MARKET
Hotels
Property ID
US18-4729190
194,736 SF 7.62 ac lot Built 2001
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2001
Total area 194,736 SF
Lot 7.62 ac (332,033 SF)
Zoning code DTB
APN 2010-01-0035
UPID US18-4729190

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Charitable Organization
  • Real Estate Agency
  • Postal Service Courier Service
  • Real Estate Agency
  • Atm

Location

1111 Ritz Carlton Dr Sarasota, FL 34236-5594
Sarasota metro Census 103 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$111.22M
Blend (final) Blend
$79.74M

Owner & transaction history

since 2018
1 recorded transaction
2018
$172.3M

Zoning & alternative use

DTB · Sarasota, FL
Zoning description

The Downtown Bayfront (DTB) district is identical to Downtown Core (DTC) above except that building heights shall be limited to a maximum of 18 stories

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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