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Property profile & analytics
OFF-MARKET
Estimated value
$4,240,000
Hotels
5340 Tamiami Trl Sarasota, FL 34234-2746
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-1784782
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,123 SF
Lot
1.98 ac (86,116 SF)
Zoning code
NT
APN
2001-03-0027
UPID
US18-1784782
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
-
Knights Inn Sarasota Hotel & Motel
-
Optimal Towing's Automotive Auto Repair Shop
-
SureStay By Best Western Sarasota Lido Beach Hotel & Motel
-
SureStay Hotel by Best Western Sarasota Bradenton Airport Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.76M
Blend (final)
Blend
$4.24M
Owner & transaction history
Lotus Florida LLC · 4 yrs held
Lotus Florida LLC
since 2021
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
NT · 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
$4,835,000
ML approach
$4,890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.24M
Range $3.82M – $4.66M · ±10% · vs last sale $3.35M (Dec 3 2021)
Last sale anchor
$3.35M
Dec 3 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
$248 / 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
$41,271
Tax year 2023
Assessed value
$2,463,200
Assessed 2023
Previous assessed
$2,197,500
+12.1% YoY
Effective rate
1.68%
On assessed value
Assessed land
$784,000
Assessed improvement
$1,679,200
Land market value
$784,000
Improvement market value
$1,679,200
Total market value
$2,463,200
Applied tax rate
200.0000
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
WALL UNIT
Stories
2
Rooms
1
Bathrooms
48
Total area
17,123 SF
Lot
1.98 ac (86,116 SF)
Zoning code
NT
APN
2001-03-0027
UPID
US18-1784782
Jurisdiction
SARASOTA
Zoning & alternative use
NT · Sarasota, FL
Zoning NT · permitted uses
NT · 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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Rooms
1
Bathrooms
48
Lot
1.98 ac
Current owner
From public records · entity-resolved
Lotus Florida LLC
Entity
Mailing address
5340 N TAMIAMI TRL, SARASOTA, FL 34234-2746
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2021
$3,350,000
Lotus Florida LLC
Ramshiva Hotels LLC
Warranty Deed
$2,450,000 · Ramshiva Hotels LLC
Sep 18, 2015
—
Ramshiva Hotels LLC
Nitesh Patel
Warranty Deed
$925,000 · Embassy National Bank
May 25, 1999
$1,000,000
Nitesh Patel
Katsen Burchers Ptshp Sarasota
Grant Deed
$1,040,000 · Provident Bank Florida
—
—
Nitesh Patel
—
Loan Modification
related
$750,000 · Private Individual
—
—
Nitesh Patel
—
Loan Modification
related
$120,000 · E&h Funding LLC
—
—
Nitesh Patel
—
Loan Modification
related
$120,000 · E&h Funding LLC
—
—
Nitesh Patel
—
Deed Of Trust
related
$589,750 · Union Planters National Bank
—
—
Nitesh Patel
—
Deed Of Trust
related
$50,000 · Provident Bank Florida
—
—
Patel,nitesh & Sejal
—
Deed Of Trust
related
$8,750,000 · Rbc Centura Bk
—
—
Nitesh Patel
—
Deed Of Trust
related
$120,000 · E & H Funding LLC
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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