Technical
Financial
Distress signals
Property profile

5963 Midnight Pass Rd 356 Sarasota, FL 34242

OFF-MARKET
Hotels
Property ID
US18-4638907
1,000 SF Built 1974
Individually Owned 14-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1974
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,000 SF
Zoning code SKOD; RMF3
APN 0105-13-6156
UPID US18-4638907

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 356 Sarasota, FL 34242-8790
Sarasota metro Census 1905 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2011
Last sale
$285,000
3 recorded transactions
2011
$285,000
2002
$360,000
2000
$215,000

Zoning & alternative use

SKOD; RMF3 · 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5963 Midnight Pass Rd, Unit 356?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message