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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Hotels
141 Avenida Messina Sarasota, FL 34242-2075
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-3035366
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,520 SF
Lot
0.18 ac (7,900 SF)
Zoning code
RMF1; SKOD
APN
0080-18-0006
UPID
US18-3035366
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
-
Villa Navarra Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.23M
Owner & transaction history
Siesta Key Resort V LLC · 7 yrs held
Siesta Key Resort V LLC
since 2019
7 recorded transactions
Zoning & alternative use
RMF1; SKOD · 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
$1.23M
Range $1.11M – $1.35M · ±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
$488 / 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
$20,754
Tax year 2023
Assessed value
$1,989,400
Assessed 2023
Previous assessed
$1,989,400
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,634,400
Assessed improvement
$355,000
Land market value
$1,634,400
Improvement market value
$355,000
Total market value
$1,989,400
Applied tax rate
1,800.0000
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
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
8
Bathrooms
3
Total area
2,520 SF
Lot
0.18 ac (7,900 SF)
Zoning code
RMF1; SKOD
APN
0080-18-0006
UPID
US18-3035366
Jurisdiction
SARASOTA
Zoning & alternative use
RMF1; SKOD · Sarasota, FL
Zoning RMF1; SKOD · permitted uses
RMF1; SKOD · 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
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
8
Bathrooms
3
Lot
0.18 ac
Current owner
From public records · entity-resolved
Siesta Key Resort V LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 1726, BRADENTON, FL 34206-1726
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2019
$100
Siesta Key Resort V LLC
Siesta Key Resort I LLC
Quit Claim Deed
related
—
Feb 1, 2017
—
Siesta Key Resort I LLC
—
Loan Modification
related
$3,594,000 · Usameribank
May 12, 2016
—
Siesta Key Resort I LLC
Siesta Key Village Tropical
Quit Claim Deed
related
—
Mar 28, 2016
—
Siesta Key Resort I LLC
Siesta Key Village Tropical
Quit Claim Deed
related
$11,200,000 · Usameribank
May 1, 2009
—
Key Village Tropical Br Siesta
Siesta Key Florida Rentals INC
Quit Claim Deed
related
$6,000,000 · Busey Bank
Dec 28, 2000
$381,000
Siesta Key Florida Rentals INC
Wexler,steven P & Elizabeth A
Grant Deed
$304,800 · Sarasota Bank
Aug 1, 2000
$400,000
Steven P Wexler
Ruesewald,theo A & Mary A
Grant Deed
$320,000 · Washington Mutual Fsb
Mar 24, 1999
—
Mary A Rueswald
Rueswald,mary A & Theo A
Quit Claim Deed
related
$251,200 · Suntrust Bank Gulf Coast
—
—
Tropical Breeze Resort Of Siesta
—
Deed Of Trust
related
$3,209,000 · Busey Bank
—
—
Tropical Breeze Resort Of Siesta
—
Deed Of Trust
related
$10,609,000 · Busey Bank
—
—
Steven P Wexler
—
Deed Of Trust
related
$47,500 · First Union National Bank
—
—
Siesta Key Resort V LLC
—
Deed Of Trust
related
$1,000,000 · Englewood Bk & Tr
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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