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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Hotels
4001 Groveland Ave Sarasota, FL 34231-7662
Entity Owned
17-yr Hold
Property ID
US18-0213615
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,291 SF
Lot
0.59 ac (25,830 SF)
Zoning code
RMF2
APN
0072-03-0032
UPID
US18-0213615
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
-
Tropical Fruit Garden Sarasota Vacation Rental Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.16M
Owner & transaction history
Tropical Fruit Garden LLC · 17 yrs held
Tropical Fruit Garden LLC
since 2009
7 recorded transactions
Zoning & alternative use
RMF2 · 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
$1.16M
Range $1.04M – $1.27M · ±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
$269 / 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
$11,177
Tax year 2023
Assessed value
$770,500
Assessed 2023
Previous assessed
$626,800
+22.9% YoY
Effective rate
1.45%
On assessed value
Assessed land
$231,700
Assessed improvement
$538,800
Land market value
$231,700
Improvement market value
$538,800
Total market value
$770,500
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
20
Bathrooms
5
Total area
4,291 SF
Lot
0.59 ac (25,830 SF)
Zoning code
RMF2
APN
0072-03-0032
UPID
US18-0213615
Jurisdiction
SARASOTA
Zoning & alternative use
RMF2 · Sarasota, FL
Zoning RMF2 · permitted uses
RMF2 · 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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
20
Bathrooms
5
Lot
0.59 ac
Current owner
From public records · entity-resolved
Tropical Fruit Garden LLC
Entity
Mailing address
4001 GROVELAND AVE, SARASOTA, FL 34231-7662
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2018
—
Tropical Fruit Garden LLC
—
Deed
related
$280,000 · Achieva Cu
Jul 15, 2009
$465,000
Tropical Fruit Garden LLC
Groveland Avenue Land Trust
Warranty Deed
—
Aug 26, 2008
—
Groveland Avenue Land Trust
—
Trustees Deed
related
$75,000 · Scott J Lewis
Apr 7, 2006
$730,000
Ralph A Vitale
Kurt F Lewis
Warranty Deed
$361,000 · Peoples Community Bank Of The West
Jun 17, 2005
—
Lewis Kurt F & Gail E Trust
Lewis,kurt F
Quit Claim Deed
related
—
Jul 13, 2004
$415,000
Scott J Lewis
Graw,john E & Chrystal B
Grant Deed
$232,000 · First State Bank
—
—
Tropical Fruit Garden LLC
—
Deed Of Trust
related
$280,000 · Achieva Cu
—
—
Andreas Rothlaender
—
Deed Of Trust
related
$40,000 · Michael T Johnson
—
—
Tropical Fruit Garden LLC
—
Deed Of Trust
related
$200,000 · Apex Com'l Cap
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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