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Property profile & analytics
OFF-MARKET
Estimated value
$17,710,000
Hotels
3470 Fruitville Rd Sarasota, FL 34237-9024
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-2073691
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2005
Total area
70,808 SF
Lot
3.69 ac (160,532 SF)
Zoning code
RMF4
APN
2031-01-0004
UPID
US18-2073691
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
-
Homewood Suites by Hilton Sarasota Hotel & Motel Vacation Rental
-
Compassionate Friends of Sarasota Charitable Organization Social Service Agency
-
Sarasota Hotel Hotel & Motel Bed & Breakfast
-
Cornerstone Baptist Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.69M
Blend (final)
Blend
$17.71M
Owner & transaction history
Cfoc Sarasota Fl LLC · 7 yrs held
Cfoc Sarasota Fl LLC
since 2019
7 recorded transactions
Zoning & alternative use
RMF4 · 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
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
$17.71M
Range $15.94M – $19.48M · ±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
$250 / 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
$136,947
Tax year 2023
Assessed value
$8,986,000
Assessed 2023
Previous assessed
$7,117,000
+26.3% YoY
Effective rate
1.52%
On assessed value
Assessed land
$2,500,000
Assessed improvement
$6,486,000
Land market value
$2,500,000
Improvement market value
$6,486,000
Total market value
$8,986,000
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
2005
Heating
NONE
Cooling
WALL UNIT
Stories
2
Total area
70,808 SF
Lot
3.69 ac (160,532 SF)
Zoning code
RMF4
APN
2031-01-0004
UPID
US18-2073691
Jurisdiction
SARASOTA
Zoning & alternative use
RMF4 · Sarasota, FL
Zoning RMF4 · permitted uses
RMF4 · 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
2005
Heating
NONE
Cooling
Yes
Stories
2
Lot
3.69 ac
Current owner
From public records · entity-resolved
Cfoc Sarasota Fl LLC
Entity
Mailing address
5713 GRAND AVE STE B, DULUTH, MN 55807-2564
Ownership since
2019
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 1, 2019
$12,950,000
Cfoc Sarasota Fl LLC
Apple Seven Hospitality Ownshp
Grant Deed
$88,100,000 · Tpg Re Fin 11 Ltd
Sep 19, 2006
$13,085,000
Apple Seven Hospitality Owners
Merca Real Estate LLC
Warranty Deed
—
Oct 12, 2004
—
Merca Real Estate LLC
—
Trustees Deed
related
$467,000 · Stearns Bank NA
Apr 26, 2004
—
Merca Real Estate LLC
—
Trustees Deed
related
$3,800,000 · Stearns Bank NA
Jul 11, 2002
$1,400,000
Merca Real Estate LLC
Marlin Real Estate Holdings
Grant Deed
$1,320,000 · Bank Of St Petersburg
Apr 23, 1999
—
Marlin Real Estate Holdings In
Darmorr Properties Ltd Ptnshp
Trustees Deed
related
—
—
—
Merca Real Estate LLC
—
Deed Of Trust
related
$1,888,905 · Ge Capital Franchise Finance
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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