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Property profile & analytics
OFF-MARKET
Estimated value
$45,050,000
Hotels
202 Tamiami Trl Sarasota, FL 34236-4819
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5395730
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2018
Total area
159,334 SF
Lot
0.36 ac (15,750 SF)
Zoning code
DTB
APN
2026-13-0049
UPID
US18-5395730
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
-
Embassy Suites by Hilton Sarasota Hotel & Motel
-
Bridges Restaurant Restaurant
-
Jebco Ventures Property Management Company
-
Flowers & Balloons Above Srst Hotel & Motel
-
SP+ Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$44.31M
Blend (final)
Blend
$45.05M
Owner & transaction history
Kcmcl 202 Nfl LLC · 4 yrs held
Kcmcl 202 Nfl LLC
since 2022
Last sale
$40.8M
7 recorded transactions
Zoning & alternative use
DTB · 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
$54,345,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$45.05M
Range $40.55M – $49.56M · ±10% · vs last sale $40.78M (Apr 22 2022)
Last sale anchor
$40.78M
Apr 22 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
$283 / 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
$510,653
Tax year 2023
Assessed value
$30,633,400
Assessed 2023
Previous assessed
$24,458,700
+25.2% YoY
Effective rate
1.67%
On assessed value
Assessed land
$6,300,000
Assessed improvement
$24,333,400
Land market value
$6,300,000
Improvement market value
$24,333,400
Total market value
$30,633,400
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
Off-Market
Year built
2018
Heating
YES
Cooling
YES
Stories
18
Rooms
7
Bathrooms
5
Total area
159,334 SF
Lot
0.36 ac (15,750 SF)
Zoning code
DTB
APN
2026-13-0049
UPID
US18-5395730
Jurisdiction
SARASOTA
Zoning & alternative use
DTB · Sarasota, FL
Zoning DTB · permitted uses
DTB · 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
2018
Heating
YES
Cooling
Yes
Stories
18
Rooms
7
Bathrooms
5
Lot
0.36 ac
Current owner
From public records · entity-resolved
Kcmcl 202 Nfl LLC
Entity
Mailing address
105 NE 1ST ST, DELRAY BEACH, FL 33444-3807
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 22, 2022
$40,775,000
Kcmcl 202 Nfl LLC
Hotel Paradise Sarasota LLC
Special Warranty Deed
$30,110 · Rockbridge Hospitality Fund Vii LP
Jul 21, 2014
—
Hotel Paradise Sarasota LLC
Eastside Village Shops LLC
Warranty Deed
—
Oct 14, 2005
$300,000
John P Toale JR.
T & E Properties
Warranty Deed
—
Oct 14, 2005
$3,000,000
Eastside Village Shops LLC
Eichenblatt,marvin
Grant Deed
$3,000,000 · United Community Bank
—
—
Hotel Paradise Sarasota LLC
—
Loan Modification
related
$31,530,000 · Rockbridge Hospitality Fund Vi
—
—
Hotel Paradise Sarasota LLC
—
Deed Of Trust
related
$30,110,000 · Synovus Bk
—
—
T Properties
—
Deed Of Trust
related
$300,000 · Northern Trust Bank Of Florida
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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