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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Hotels
515 Bch Rd Sarasota, FL 34242-1946
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-1338609
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1936
Total area
2,267 SF
Lot
0.3 ac (12,954 SF)
Zoning code
RMF1; SKOD
APN
0082-12-0008
UPID
US18-1338609
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
-
The Inn on Siesta Key Hotel & Motel
-
Siesta Key Island Rentals Vacation Rental Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.34M
Owner & transaction history
Ph 515 Beach Road LLC · 1 yrs held
Ph 515 Beach Road LLC
since 2024
7 recorded transactions
Zoning & alternative use
RMF1; SKOD · 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
$1.34M
Range $1.21M – $1.47M · ±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
$591 / 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
$26,935
Tax year 2023
Assessed value
$2,724,100
Assessed 2023
Previous assessed
$2,724,100
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$2,331,400
Assessed improvement
$392,700
Land market value
$2,331,400
Improvement market value
$392,700
Total market value
$2,724,100
Applied tax rate
1,800.0000
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
1936
Heating
YES
Cooling
YES
Buildings
3
Stories
2
Rooms
5
Bathrooms
2
Total area
2,267 SF
Lot
0.3 ac (12,954 SF)
Zoning code
RMF1; SKOD
APN
0082-12-0008
UPID
US18-1338609
Jurisdiction
SARASOTA
Zoning & alternative use
RMF1; SKOD · Sarasota, FL
Zoning RMF1; SKOD · permitted uses
RMF1; SKOD · 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
1936
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Rooms
5
Bathrooms
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
Ph 515 Beach Road LLC
Entity
Free & Clear · 1 yrs held
Mailing address
515 BCH RD, SARASOTA, FL 34242-1946
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Feb 6, 2025
—
Ph 515 Beach Road LLC
—
Deed
related
$752,000 · United States Small Business Admin
Sep 19, 2024
—
Ph 515 Beach Road LLC
Elizabeth Hartmann
Warranty Deed
—
Aug 30, 1999
$650,000
James W Hartmann
Siesta Sunsets INC
Grant Deed
$141,950 · Seller
Mar 19, 1997
$425,000
Siesta Sunsets INC
Mchugh,marco
Grant Deed
—
—
—
Elizabeth P Hartmann
—
Deed Of Trust
related
—
—
—
Elizabeth P Hartmann
—
Deed Of Trust
related
$438,229 · Coast Bank Of Florida
—
—
Elizabeth P Hartmann
—
Deed Of Trust
related
$50,000 · Coast Bank Of Florida
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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