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Property profile & analytics
OFF-MARKET
Estimated value
$1,580,000
Hotels
1409 Settlers Dr, Nokomis, FL 34275-1582
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5625306
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1979
Total area
1,480 SF
Lot
0.66 ac (28,926 SF)
Zoning code
RMF3
APN
0165-05-0027
UPID
US18-5625306
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.18M
Blend (final)
Blend
$1.58M
Owner & transaction history
Paul Tzatzimakis · 4 yrs held
Paul Tzatzimakis
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
RMF3 · Nokomis, 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 Nokomis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nokomis 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
$1,815,000
ML approach
$1,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.58M
Range $1.42M – $1.74M · ±10% · vs last sale $1.50M (Apr 26 2022)
Last sale anchor
$1.50M
Apr 26 2022
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
$1,068 / 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
$14,283
Tax year 2023
Assessed value
$1,193,400
Assessed 2023
Previous assessed
$505,026
+136.3% YoY
Effective rate
1.20%
On assessed value
Assessed land
$490,500
Assessed improvement
$702,900
Land market value
$490,500
Improvement market value
$702,900
Total market value
$1,193,400
Applied tax rate
100.0000
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
1979
Heating
YES
Cooling
YES
Buildings
3
Stories
2
Rooms
18
Bathrooms
15
Total area
1,480 SF
Lot
0.66 ac (28,926 SF)
Zoning code
RMF3
APN
0165-05-0027
UPID
US18-5625306
Jurisdiction
SARASOTA
Zoning & alternative use
RMF3 · Nokomis, FL
Zoning RMF3 · permitted uses
RMF3 · Nokomis, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nokomis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Rooms
18
Bathrooms
15
Lot
0.66 ac
Current owner
From public records · entity-resolved
Paul Tzatzimakis
Individual
Mailing address
601 N ASHLEY DR, TAMPA, FL 33602-4334
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2022
$1,500,000
Paul Tzatzimakis
Nikki Stringer
Warranty Deed
$1,125,000 · First Citizens Bank & Trust Co
—
—
Stringer,nikki A Living Trust 1a
—
Loan Modification
related
$166,463 · Iberiabank
—
—
Stringer,nikki A Living Trust 1a
—
Deed Of Trust
related
$170,439 · Century Bk
—
—
Stringer,nikki A Living Trust 1a
—
Loan Modification
related
$120,804 · Iberiabank
—
—
Nikki A Stringer
—
Deed Of Trust
related
$100,000 · Century Bank Fsb
—
—
Nikki A Stringer Trustee
—
Deed Of Trust
related
$40,000 · Century Bank Fsb
—
—
Nikki A Stringer
—
Deed Of Trust
related
$20,000 · Century Bank 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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