Technical
Financial
Distress signals
Property profile

5963 Midnight Pass Rd 331 Sarasota, FL 34242

OFF-MARKET
Hotels
Property ID
US18-5107297
1,270 SF Built 1974
Entity Owned 3-yr Hold ~ Est. High Equity
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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 0105-13-6131
UPID US18-5107297

Cap rate & NOI

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

Location

5963 Midnight Pass Rd, Unit 331 Sarasota, FL 34242-8729
Sarasota metro Census 1905 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$930k
CAP Approach CAP
by Request
Comparable Approach Comparable
$937k
Blend (final) Blend
$890k

Owner & transaction history

since 2023
Last sale
$825,000
1 recorded transaction
2023
$825,000

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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