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Property profile & analytics
OFF-MARKET
Estimated value
$9,235,000
Hotels
1660 Tamiami Trl, Osprey, FL 34229-9143
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1185141
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
32,844 SF
Lot
6.4 ac (278,672 SF)
Zoning code
RMF4; RTR
APN
0156-05-0018
UPID
US18-1185141
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
-
Venice Yacht Broker (Bike/Boat/Book/etc) Store
-
Lono Tiki Bar Nightclub Restaurant
-
Casey Key Resorts - Mainland Hotel & Motel
-
Chef Rolf's New Florida Kitchen Restaurant
-
Osprey Tiki Bar Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.13M
Blend (final)
Blend
$9.24M
Owner & transaction history
Osprey Hotel Property LLC · 16 yrs held
Osprey Hotel Property LLC
since 2009
5 recorded transactions
Zoning & alternative use
RMF4; RTR · Osprey, 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 Osprey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Osprey 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
$9.24M
Range $8.31M – $10.16M · ±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
$281 / 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
$120,555
Tax year 2023
Assessed value
$10,807,200
Assessed 2023
Previous assessed
$8,303,700
+30.1% YoY
Effective rate
1.12%
On assessed value
Assessed land
$2,094,000
Assessed improvement
$8,713,200
Land market value
$2,094,000
Improvement market value
$8,713,200
Total market value
$10,807,200
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
WALL UNIT
Buildings
4
Stories
2
Rooms
92
Bathrooms
160
Total area
32,844 SF
Lot
6.4 ac (278,672 SF)
Zoning code
RMF4; RTR
APN
0156-05-0018
UPID
US18-1185141
Jurisdiction
SARASOTA
Zoning & alternative use
RMF4; RTR · Osprey, FL
Zoning RMF4; RTR · permitted uses
RMF4; RTR · Osprey, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Osprey. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Buildings
4
Rooms
92
Bathrooms
160
Lot
6.4 ac
Current owner
From public records · entity-resolved
Osprey Hotel Property LLC
Entity
Mailing address
1401 8TH AVE W, BRADENTON, FL 34205-6711
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
Jul 16, 2009
$2,400,000
Osprey Hotel Property LLC
Osprey Inn LLC
Warranty Deed
$750,000 · Investors Managment Trust INC
Aug 24, 2006
—
Osprey Inn LLC
—
Trustees Deed
related
$250,000 · Malco Industries INC
Apr 20, 2004
$4,190,000
Osprey Inn LLC
Veda LLC
Grant Deed
$2,800,000 · Bank Of America
Aug 13, 2001
$2,424,000
Veda LLC
Osprey Investments LP
Grant Deed
$1,372,500 · Zions First National Bank
—
—
Osprey Hotel Property LLC
—
Deed Of Trust
related
$3,000,000 · Stonegate Bk
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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