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Property profile & analytics
OFF-MARKET
Estimated value
$13,410,000
Hotels
425 Us Hwy 41st N Byp Venice, FL 34285-6038
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-2450236
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
55,417 SF
Lot
5.64 ac (245,809 SF)
Zoning code
CG
APN
0407-08-0012
UPID
US18-2450236
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
$13.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.55M
Blend (final)
Blend
$13.41M
Owner & transaction history
Orlando Terrace Apartments LLC · 4 yrs held
Orlando Terrace Apartments LLC
since 2021
Last sale
$13.4M
7 recorded transactions
Zoning & alternative use
CG · Venice, 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 Venice submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Venice 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
$17,455,000
ML approach
$13,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.41M
Range $12.07M – $14.75M · ±10% · vs last sale $13.40M (Nov 2 2021)
Last sale anchor
$13.40M
Nov 2 2021
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
$242 / 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
$177,118
Tax year 2023
Assessed value
$11,641,800
Assessed 2023
Previous assessed
$11,641,800
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$2,920,000
Assessed improvement
$8,721,800
Land market value
$2,920,000
Improvement market value
$8,721,800
Total market value
$11,641,800
Applied tax rate
300.0000
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
2
Rooms
6
Bathrooms
10
Total area
55,417 SF
Lot
5.64 ac (245,809 SF)
Zoning code
CG
APN
0407-08-0012
UPID
US18-2450236
Jurisdiction
SARASOTA
Zoning & alternative use
CG · Venice, FL
Zoning CG · permitted uses
CG · Venice, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Venice. 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
2
Rooms
6
Bathrooms
10
Lot
5.64 ac
Current owner
From public records · entity-resolved
Orlando Terrace Apartments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 730788, ORMOND BEACH, FL 32173-0788
Ownership since
2021
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 2, 2021
$13,400,000
Orlando Terrace Apartments LLC
41 Bypass LLC
Special Warranty Deed
—
Oct 20, 2010
$1,300,000
41 Bypass LLC
Cb Florida Holiday Hse Holding
Grant Deed
$1,375,000 · Kompo Family Co LLC
Oct 12, 2010
—
Florida Holiday Hse Holding Cb
Best Southwestern Mote Coc
Trustees Deed
related
—
Aug 27, 2010
—
Cb Holiday House Holdings LLC
Best Southwestern Mote Coc
Trustees Deed
related
—
Sep 1, 2006
$10,000,000
Best Southwestern Motels INC
Venice H I INC
Warranty Deed
$7,040,000 · Century Bank Fsb
Mar 8, 1999
$4,680,700
Venice H I INC
Odyssey Hotel INC
Grant Deed
$4,300,000 · Fremont Investment & Loan
—
—
41 Bypass LLC
—
Deed Of Trust
related
$2,500,000 · H & S Sarasota Investments LLC
—
—
Venice Hi INC
—
Deed Of Trust
related
$3,700,000 · Intervest National Bank
—
—
Venice Hi INC
—
Deed Of Trust
related
$881,656 · Intervest National 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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