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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Hotels
225 Sands Pt Rd 7304 Longboat Key, FL 34228-3972
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US19-0894069
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
642 SF
Zoning code
GPD
APN
0013-04-3033
UPID
US19-0894069
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$575k
Blend (final)
Blend
$710k
Owner & transaction history
J & P Ventures LLC · 3 yrs held
J & P Ventures LLC
since 2023
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
GPD · Longboat Key, 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 Longboat Key submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longboat Key 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
$755,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $750k (May 9 2023)
Last sale anchor
$750k
May 9 2023
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
$1,106 / 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
$3,024
Tax year 2023
Assessed value
$261,408
Assessed 2023
Previous assessed
$253,794
+3.0% YoY
Effective rate
1.16%
On assessed value
Improvement market value
$581,100
Total market value
$581,100
Applied tax rate
420.0000
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
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
3
Bathrooms
1
Total area
642 SF
Zoning code
GPD
APN
0013-04-3033
UPID
US19-0894069
Jurisdiction
SARASOTA
Zoning & alternative use
GPD · Longboat Key, FL
Zoning GPD · permitted uses
GPD · Longboat Key, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Longboat Key. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
3
Bathrooms
1
Current owner
From public records · entity-resolved
J & P Ventures LLC
Entity
Mailing address
808 E GUMP RD, FORT WAYNE, IN 46845-9774
Ownership since
2023
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
May 9, 2023
$750,000
J & P Ventures LLC
Pamela A Mccullough
Warranty Deed
—
Apr 4, 2022
—
James E Clabaugh
James E Clabaugh
Intrafamily Transfer
related
—
Aug 8, 2017
—
Clabaugh,james E Trust
Clabaugh,james E
Quit Claim Deed
related
—
Jun 23, 2017
$330,000
James E Clabaugh
Tillman,jamie
Warranty Deed
—
Dec 22, 2014
$320,000
Jamie Tillman
Clabaugh,james E
Grant Deed
—
May 30, 2013
$150,000
James E Clabaugh
Clabaugh,james E
Warranty Deed
related
—
Jan 25, 2007
—
James E Clabaugh
Mccullough,james E & Pamela A
Warranty Deed
related
—
Jul 30, 1999
$230,500
Joseph E Dunn
Ap Travel & Sports Co INC
Grant Deed
$184,400 · Suntrust Bank Gulf Coast
—
—
James E Clabaugh
—
Deed Of Trust
related
$201,600 · 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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