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Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Hotels
5311 Ocean Blvd Sarasota, FL 34242-3327
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-3741343
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,174 SF
Lot
0.29 ac (12,738 SF)
Zoning code
CG; SKOD
APN
0080-24-0016
UPID
US18-3741343
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
-
Siesta Key Beach Resort and Suites Hotel & Motel
-
ZoomAround, LLC Recreational Vehicle Rental Agency Golf Cart Dealer
-
The Big Tiki Lounge Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$1.91M
Owner & transaction history
Skrs LLC · 9 yrs held
Skrs LLC
since 2017
7 recorded transactions
Zoning & alternative use
CG; SKOD · Sarasota, FL
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
$1.91M
Range $1.71M – $2.10M · ±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
$309 / 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
$28,767
Tax year 2023
Assessed value
$2,634,700
Assessed 2023
Previous assessed
$1,833,700
+43.7% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,183,800
Assessed improvement
$1,450,900
Land market value
$1,183,800
Improvement market value
$1,450,900
Total market value
$2,634,700
Applied tax rate
1,894.0000
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
31
Bathrooms
15
Total area
6,174 SF
Lot
0.29 ac (12,738 SF)
Zoning code
CG; SKOD
APN
0080-24-0016
UPID
US18-3741343
Jurisdiction
SARASOTA
Zoning & alternative use
CG; SKOD · Sarasota, FLZoning CG; SKOD · permitted uses
CG; SKOD · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home | City of Sarasota
Building & site characteristics
From public records
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
31
Bathrooms
15
Lot
0.29 ac
Current owner
From public records · entity-resolved
Skrs LLC
Entity
Mailing address
PO BOX 25334, SARASOTA, FL 34277-2334
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2020
—
Skrs LLC
—
Deed
related
$10,000,000 · Hancock Whitney Bk
May 16, 2017
$9,740,000
Skrs LLC
Odyssey Hotel Beta INC
Warranty Deed
$10,000,000 · Iberiabank
May 9, 2016
—
Odyssey Hotel Beta INC
—
Deed
related
—
—
—
Skrs LLC
—
Loan Modification
related
$10,000,000 · Hancock Whitney Bk
—
—
Odyssey Hotel Beta INC
—
Loan Modification
related
—
—
—
Odyssey Hotel Beta INC
—
Deed Of Trust
related
$150,000 · Orion Bank
—
—
Odyssey Hotel Beta INC
—
Deed Of Trust
related
$225,000 · Suntrust Bank Gulf Coast
—
—
Odyssey Hotel Beta INC
—
Deed Of Trust
related
$3,300,000 · Orion 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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