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Property profile & analytics
OFF-MARKET
Hotels
3465 Gulf Of Mexico Dr 104 Longboat Key, FL 34228-2827
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-6083810
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
340 SF
Zoning code
R3MX
APN
0003-10-3004
UPID
US18-6083810
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
-
The Beach on Longboat Key Resort Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Schramm Holdings LLC · 9 yrs held
Schramm Holdings LLC
since 2017
Last sale
$475,000
6 recorded transactions
Zoning & alternative use
R3MX · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,360
Tax year 2023
Assessed value
$232,700
Assessed 2023
Previous assessed
$228,900
+1.7% YoY
Effective rate
1.44%
On assessed value
Assessed improvement
$232,700
Improvement market value
$232,700
Total market value
$232,700
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
1
Bathrooms
1
Total area
340 SF
Zoning code
R3MX
APN
0003-10-3004
UPID
US18-6083810
Jurisdiction
SARASOTA
Zoning & alternative use
R3MX · Longboat Key, FL
Zoning R3MX · permitted uses
R3MX · 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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
1
Current owner
From public records · entity-resolved
Schramm Holdings LLC
Entity
Mailing address
3853 NORTHDALE BLVD #286, NORTHDALE, FL 33624-1861
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2017
$239,000
Schramm Holdings LLC
Salmon,james D
Warranty Deed
$199,000 · Salmon James D Trust (pt)
Nov 13, 2013
—
Salmon,james D Trust
Salmon,james D
Quit Claim Deed
related
—
Feb 21, 2013
$175,000
James D Salmon
Beach Group Holding Co LLC
Warranty Deed
—
Jun 29, 2010
$200,000
Beach Group Holding Co LLC
Englewood Partners LLC
Warranty Deed
—
Feb 24, 2006
$499,900
Englewood Partners LLC
Beach At Longboat LLC
Warranty Deed
—
Dec 30, 2004
$4,000,000
Beach At Longboat LLC
Sea Bird Beach Resort INC
Warranty Deed
related
$3,450,000 · Wachovia Bank NA
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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