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Property profile & analytics
OFF-MARKET
Estimated value
$6,275,000
Hotels
408 Casey Key Rd Nokomis, FL 34275-3335
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2917734
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,466 SF
Lot
1.12 ac (48,634 SF)
Zoning code
RE2
APN
0174-07-0003
UPID
US18-2917734
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
-
Jetties Pointe Hotel & Motel
-
Casey Key Florida Vacation Rentals - West Wind Apartments Vacation Rental Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.57M
Blend (final)
Blend
$6.28M
Owner & transaction history
Casey Key Holding Group LLC · 3 yrs held
Casey Key Holding Group LLC
since 2023
Last sale
$6.3M
1 recorded transaction
Zoning & alternative use
RE2 · Nokomis, 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 Nokomis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nokomis 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
$6,295,000
ML approach
$6,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.28M
Range $5.65M – $6.90M · ±10% · vs last sale $6.25M (Apr 24 2023)
Last sale anchor
$6.25M
Apr 24 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
$1,405 / 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
$35,874
Tax year 2023
Assessed value
$3,782,900
Assessed 2023
Previous assessed
$2,264,000
+67.1% YoY
Effective rate
0.95%
On assessed value
Assessed land
$2,975,000
Assessed improvement
$807,900
Land market value
$2,975,000
Improvement market value
$807,900
Total market value
$3,782,900
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
20
Bathrooms
6
Total area
4,466 SF
Lot
1.12 ac (48,634 SF)
Zoning code
RE2
APN
0174-07-0003
UPID
US18-2917734
Jurisdiction
SARASOTA
Zoning & alternative use
RE2 · Nokomis, FL
Zoning RE2 · permitted uses
RE2 · Nokomis, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nokomis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
20
Bathrooms
6
Lot
1.12 ac
Current owner
From public records · entity-resolved
Casey Key Holding Group LLC
Entity
Mailing address
1600 THICKET LN, SARASOTA, FL 34240-9409
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2023
$6,250,000
Casey Key Holding Group LLC
Robert E Smetts
Warranty Deed
$4,650,000 · The Farmers & Merchants State Bank
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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