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Property profile & analytics
OFF-MARKET
Hotels
501 Albee Farm Rd Venice, FL 34285-6204
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-4486234
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,028 SF
Lot
0.58 ac (25,280 SF)
Zoning code
RMF4; NHO2
APN
0176-08-0002
UPID
US18-4486234
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bersam Dev Co · 6 yrs held
Bersam Dev Co
since 2019
Last sale
$3.4M
4 recorded transactions
Zoning & alternative use
RMF4; NHO2 · 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
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
$24,097
Tax year 2023
Assessed value
$1,702,200
Assessed 2023
Previous assessed
$1,366,300
+24.6% YoY
Effective rate
1.42%
On assessed value
Assessed land
$780,000
Assessed improvement
$922,200
Land market value
$780,000
Improvement market value
$922,200
Total market value
$1,702,200
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
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
WALL UNIT
Buildings
3
Stories
2
Rooms
26
Bathrooms
13
Total area
1,028 SF
Lot
0.58 ac (25,280 SF)
Zoning code
RMF4; NHO2
APN
0176-08-0002
UPID
US18-4486234
Jurisdiction
SARASOTA
Zoning & alternative use
RMF4; NHO2 · Venice, FL
Zoning RMF4; NHO2 · permitted uses
RMF4; NHO2 · 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
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Rooms
26
Bathrooms
13
Lot
0.58 ac
Current owner
From public records · entity-resolved
Bersam Dev Co
Entity
Mailing address
PO BOX 1921, NOKOMIS, FL 34274-1921
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2019
$2,795,000
Bersam Dev Co
Klasing & Klasing LLC
Warranty Deed
$480,000 · Englewood Bk & Tr
Jul 29, 2004
$1,500,000
Klasing & Klasing LLC
Amedio INC
Warranty Deed
$1,200,000 · Coast Bank Of Florida
Nov 1, 2002
$1,035,000
Amedio INC
Zaidman,icchak & Linda M
Grant Deed
$766,000 · Community Nat'l Bank Sarasota
Dec 29, 1998
$775,000
Icchak Zaidman
Hobson,michael A
Grant Deed
$600,000 · Guaranty Bank & Trust Co
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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