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Property profile & analytics
FOR SALE
Hotels
1425 S Tamiami Trl Sarasota, FL 34239
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4775517
For Sale
1 / 6
$25,000,000
1425 S Tamiami Trl, Sarasota, FL 34239
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,658 SF
Lot
2.26 ac (98,241 SF)
Zoning code
RMF4
APN
2035-05-0042
UPID
US18-4775517
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
-
Baymont by Wyndham Sarasota Hotel & Motel
-
sarasota hard money lender Loan Service Bank
-
Papa John's Pizza Restaurant
-
Best Western Midtown Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.71M
Blend (final)
Blend
$11.45M
Owner & transaction history
Alex Diaz · 4 yrs held
Alex Diaz
since 2022
7 recorded transactions
Zoning & alternative use
RMF4 · 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
$10,660,000
ML approach
$10,970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$14,880,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$13,790,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,695,000
Change: -8% · Conversion: Difficult
RESTAURANT
$12,190,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$11.45M
Range $10.30M – $12.59M · ±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
$582 / 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
$102,678
Tax year 2023
Assessed value
$6,204,200
Assessed 2023
Previous assessed
$4,867,100
+27.5% YoY
Effective rate
1.65%
On assessed value
Assessed land
$3,500,000
Assessed improvement
$2,704,200
Land market value
$3,500,000
Improvement market value
$2,704,200
Total market value
$6,204,200
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
For Sale
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
WALL UNIT
Buildings
4
Stories
2
Rooms
108
Bathrooms
117
Total area
19,658 SF
Lot
2.26 ac (98,241 SF)
Zoning code
RMF4
APN
2035-05-0042
UPID
US18-4775517
Jurisdiction
SARASOTA
Zoning & alternative use
RMF4 · Sarasota, FL
Zoning RMF4 · permitted uses
RMF4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$14.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.8M
COMMERCIAL (GENERAL)
Est. value
$13.7M
RESTAURANT
Est. value
$12.2M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Buildings
4
Rooms
108
Bathrooms
117
Lot
2.26 ac
Current owner
From public records · entity-resolved
Alex Diaz
Individual
Mailing address
2503 DEL PRADO BLVD S #100, CAPE CORAL, FL 33904-5791
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2022
$8,000,000
Alex Diaz
Daus Investments LLC
Warranty Deed
$1,473,740 · Daus Investments LLC
Mar 18, 2016
$6,500,000
Daus Investments LLC
Midho LLP
Grant Deed
$5,000,000 · Homebanc
Nov 30, 2012
—
Midho LLP
—
Deed Of Trust
related
$3,233,855 · Midtown Motor Inn Ptshp
Dec 31, 2004
—
Midho LLP
Owner,record
Grant Deed
related
—
Nov 24, 2004
$4,800,000
Alacho LLC
Hanshaw,george H
Warranty Deed
$3,800,000 · Midtown Motor Inn Ptshp
Nov 24, 2004
—
Alacho LLC
Hanshaw George H Trust
Grant Deed
related
—
Jul 21, 2004
—
Hanshaw George H Trust
Owner,record
Grant Deed
related
—
Feb 5, 2004
—
Hanshaw George H Trust
Hanshaw,george H
Quit Claim Deed
related
—
—
—
Midho LLP
—
Deed Of Trust
related
$3,429,534 · Midtown Motor Inn Ptshp
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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