Technical
Financial
Distress signals
Property profile

5961 Midnight Pass Rd 303 Sarasota, FL 34242

OFF-MARKET
Hotels
Property ID
US18-4073421
1,270 SF Built 1974
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1974
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,270 SF
Zoning code RMF3; SKOD
APN 0105-13-6103
UPID US18-4073421

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Vacation Rental Real Estate Agency

Location

5961 Midnight Pass Rd, Unit 303 Sarasota, FL 34242-8788
Sarasota metro Census 1905 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$805k
CAP Approach CAP
by Request
Comparable Approach Comparable
$937k
Blend (final) Blend
$805k

Owner & transaction history

since 2024
Last sale
$805,000
3 recorded transactions
2024
$805,000
2020
Price N/A
2016
$435,000

Zoning & alternative use

RMF3; SKOD · Sarasota, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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