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Property profile & analytics
OFF-MARKET
Estimated value
$17,715,000
Hotels
1290 Blvd Of The Arts Sarasota, FL 34236-2900
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2288871
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1930
Total area
70,292 SF
Lot
0.96 ac (41,888 SF)
Zoning code
DTC
APN
2026-12-0031
UPID
US18-2288871
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
-
The Sarasota Modern, a Tribute Portfolio Hotel Hotel & Motel
-
Wink Wink Food and Drink Bar & Pub
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.55M
Blend (final)
Blend
$17.72M
Owner & transaction history
Cocoanut Arts West LLC · 10 yrs held
Cocoanut Arts West LLC
since 2016
5 recorded transactions
Zoning & alternative use
DTC · 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
$17.72M
Range $15.94M – $19.49M · ±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
$149,081
Tax year 2023
Assessed value
$9,870,400
Assessed 2023
Previous assessed
$8,463,900
+16.6% YoY
Effective rate
1.51%
On assessed value
Assessed land
$2,136,000
Assessed improvement
$7,734,400
Land market value
$2,136,000
Improvement market value
$7,734,400
Total market value
$9,870,400
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
1930
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Rooms
5
Bathrooms
2
Total area
70,292 SF
Lot
0.96 ac (41,888 SF)
Zoning code
DTC
APN
2026-12-0031
UPID
US18-2288871
Jurisdiction
SARASOTA
Zoning & alternative use
DTC · Sarasota, FL
Zoning DTC · permitted uses
DTC · 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
1930
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
5
Bathrooms
2
Lot
0.96 ac
Current owner
From public records · entity-resolved
Cocoanut Arts West LLC
Entity
Free & Clear · 10 yrs held
Mailing address
361 S BLVD OF THE PRESIDENTS, SARASOTA, FL 34236-2012
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2018
—
Cocoanut Arts LLC
—
Grant Deed
related
$14,000,000 · Goldman Sachs Bk USA
Apr 5, 2016
$1,100,000
Cocoanut Arts West LLC
Rosin,laurie J
Warranty Deed
—
Sep 3, 2009
—
Rosin Laurel J Living Trust
Rosin,laurie J
Quit Claim Deed
related
—
Jan 5, 2007
—
Gmkc Holdings LLC
Rosin,laurle
Grant Deed
related
—
May 19, 1998
$195,000
Authors Trust
Scott,storm & Beverly
Grant Deed
—
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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