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Property profile & analytics
OFF-MARKET
Estimated value
$13,045,000
Hotels
1223 Blvd Of The Arts Sarasota, FL 34236-2901
Entity Owned
~
Est. High Equity
Property ID
US18-4701304
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
54,275 SF
Lot
1.07 ac (46,622 SF)
Zoning code
DTE; DTB
APN
2026-05-0028
UPID
US18-4701304
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
-
H2O Bistro Restaurant
-
Tesla Destination Charger Electric Vehicle Charging Station
-
voco Sarasota, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.09M
Blend (final)
Blend
$13.05M
Owner & transaction history
Cim Sarasota Lodging LLC
Cim Sarasota Lodging LLC
since 2025
Last sale
$10.7M
5 recorded transactions
Zoning & alternative use
DTE; 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
$15,410,000
ML approach
$13,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.05M
Range $11.74M – $14.35M · ±10% · vs last sale $10.68M (Dec 17 2021)
Last sale anchor
$10.68M
Dec 17 2021
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
$240 / 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
$161,158
Tax year 2023
Assessed value
$9,675,600
Assessed 2023
Previous assessed
$8,489,700
+14.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$2,280,000
Assessed improvement
$7,395,600
Land market value
$2,280,000
Improvement market value
$7,395,600
Total market value
$9,675,600
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
4
Total area
54,275 SF
Lot
1.07 ac (46,622 SF)
Zoning code
DTE; DTB
APN
2026-05-0028
UPID
US18-4701304
Jurisdiction
SARASOTA
Zoning & alternative use
DTE; DTB · Sarasota, FL
Zoning DTE; DTB · permitted uses
DTE; 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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
4
Buildings
2
Lot
1.07 ac
Current owner
From public records · entity-resolved
Cim Sarasota Lodging LLC
Entity
Mailing address
10375 PARK MDWS DR STE #280, LONE TREE, CO 80124-6760
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2025
$22,900,000
Cim Sarasota Lodging LLC
Asfi Sarasota LLC
Special Warranty Deed
$15,750,000 · United Community Bank
Dec 17, 2021
$10,675,000
Asfi Sarasota LLC
Indsar Hospitality LLC
Special Warranty Deed
$14,600,000 · Access Point Financial LLC
Dec 17, 2021
—
Asfi Sarasota LLC
Indsar Hospitality LLC
Quit Claim Deed
related
$14,600,000 · Access Point Financial LLC
Sep 2, 2016
$16,775,000
Indsar Hospitality LLC
Paradise Hotels Of Florida LLC
Grant Deed
—
—
—
Paradise Hotels Of Florida LLC
—
Loan Modification
related
$10,735,660 · Bankunited Fsb
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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