Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    149 Mckinley Dr Sarasota, FL 34236
    Back to Search
    Property profile & analytics

    149 Mckinley Dr, Sarasota, FL 34236

    View on Map
    • Motels
    • 4,149 SF
    Off-Market
    Property ID
    US18-0313215
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Motels

    Property Details for 149 Mckinley Dr

    Year built
    2022
    Property type
    Motels
    Property subtype
    Hotels
    APN
    2016110001

    Description

    This exceptional 2022-built Lido Beach hotel presents a lucrative investment opportunity. Boasting 4,149 square feet, this fee-simple property features nine bedrooms (six ensuite), eight and a half bathrooms, and a desirable location near St. Armands Circle. The property includes resort-style amenities such as a pool, outdoor shower, gazebo, gas fire pit, and a rooftop terrace with panoramic views. Currently operating as a turnkey short-term rental, it offers a projected 9.02% cap rate and a net operating income (NOI) exceeding $495,615. The two-story building sits on an 8,608 square foot lot, zoned RMF2. Interior features include modern furnishings, an open layout with high ceilings and floor-to-ceiling windows, a lavish owner's suite, and ample space for relaxation and entertainment. Additional amenities include a two-car garage, balconies, and an entertainment room. This property offers a unique blend of luxury and income potential, making it an ideal investment in the thriving Sarasota market. The asking price is $5,495,000, with a price per square foot of $1,324.42. The property's address is 149 McKinley Dr, Sarasota, FL 34236.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5720809
    Latitude
    27.3095371

    Comparable in this City

    • Contact for pricing

      Historic Sarasota Building with Bayfront Zoning

      Iconic 1926 building in downtown Sarasota with versatile development potential.
      601 Quay Cmns, Sarasota, FL 34236
      View Details
    • Contact for pricing
      18,171 SF

      Historic Sarasota Mixed-Use Opportunity

      Iconic 1926 building in downtown Sarasota with versatile zoning.
      601 Quay Cmns, Sarasota, FL 34236
      View Details
    • $352,800
      Pending

      Downtown Sarasota Retail/Office Condominium Suites

      Pre-construction retail/office condominium in downtown Sarasota's Rosemary District.
      430 Kumquat Ct, Sarasota, FL 34236
      View Details
    • $2,740,000
      4,376 SF

      Downtown Sarasota Mixed-Use Gem

      Historic building, high-income potential, prime location.
      1322 Tamiami Trl, Sarasota, FL 34236
      View Details
    • Contact for pricing

      Downtown Sarasota Development Opportunity

      High visibility property in Downtown Core zone, premier development site.
      100 S Washington Blvd, Sarasota, FL 34236
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,171 SF

      Historic Sarasota Mixed-Use Opportunity

      Iconic 1926 building in downtown Sarasota with versatile zoning.
      601 Quay Cmns, Sarasota, FL 34236
      View Details
    • Contact for pricing

      Historic Sarasota Building with Bayfront Zoning

      Iconic 1926 building in downtown Sarasota with versatile development potential.
      601 Quay Cmns, Sarasota, FL 34236
      View Details
    • $352,800
      Pending

      Downtown Sarasota Retail/Office Condominium Suites

      Pre-construction retail/office condominium in downtown Sarasota's Rosemary District.
      430 Kumquat Ct, Sarasota, FL 34236
      View Details
    • $2,740,000
      4,376 SF

      Downtown Sarasota Mixed-Use Gem

      Historic building, high-income potential, prime location.
      1322 Tamiami Trl, Sarasota, FL 34236
      View Details
    • Contact for pricing

      Downtown Sarasota Development Opportunity

      High visibility property in Downtown Core zone, premier development site.
      100 S Washington Blvd, Sarasota, FL 34236
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      120 SF

      Rosemary District Med Spa Space

      Newly finished med spa space in the Rosemary District.
      1542 4Th St, Sarasota, FL 34236
      View Details
    • $20 SF/Yr

      Prime Office Space in Sarasota

      Office space for lease in the heart of Sarasota, FL.
      50 Central Ave, Sarasota, FL 34236
      View Details
    • $20 SF/Yr

      Downtown Sarasota Office Space

      Office space for lease in downtown Sarasota with panoramic views.
      50 Central Ave, Sarasota, FL 34236
      View Details
    • $23 SF/Yr

      Professional Office Space For Rent

      Well-maintained office condominium complex in a high-traffic location.
      1348 Fruitville Rd, Sarasota, FL 34236
      View Details
    • Contact for pricing
      1,546 SF

      Upscale Restaurant Space in Sarasota

      Prime retail space for an upscale restaurant in Downtown Sarasota.
      1991 Main St, Sarasota, FL 34236
      View Details
    • Contact for pricing
      2,630 SF

      Class A Office Tower

      Class A office space in the heart of Sarasota's business district.
      240 S Pineapple Ave, Sarasota, FL 34236
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    149 Mckinley Dr
    Sarasota, FL 34236
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    149 Mckinley Dr, Sarasota, FL, 34236
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!