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Property profile & analytics
OFF-MARKET
Estimated value
$1,880,000
Hotels
5966 Midnight Pass Rd Sarasota, FL 34242-8792
Individually Owned
Free & Clear
Property ID
US18-1053389
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1970
Total area
1,920 SF
Zoning code
SKOD; RMF3
APN
0105-13-6031
UPID
US18-1053389
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.88M
Owner & transaction history
Luis G Barbe
Luis G Barbe
since 2025
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
SKOD; RMF3 · 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
$2,160,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.88M
Range $1.69M – $2.07M · ±10% · vs last sale $1.97M (Apr 2 2025)
Last sale anchor
$1.97M
Apr 2 2025
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
$979 / 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
$8,999
Tax year 2023
Assessed value
$739,663
Assessed 2023
Previous assessed
$718,119
+3.0% YoY
Effective rate
1.22%
On assessed value
Improvement market value
$1,812,200
Total market value
$1,812,200
Applied tax rate
9,201.0000
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
Status
Off-Market
Year built
1970
Heating
YES
Cooling
YES
Stories
1
Rooms
5
Bathrooms
3
Total area
1,920 SF
Zoning code
SKOD; RMF3
APN
0105-13-6031
UPID
US18-1053389
Jurisdiction
SARASOTA
Zoning & alternative use
SKOD; RMF3 · Sarasota, FL
Zoning SKOD; RMF3 · permitted uses
SKOD; RMF3 · 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
1970
Heating
YES
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
3
Current owner
From public records · entity-resolved
Luis G Barbe
Individual
Free & Clear · 0 yrs held
Mailing address
914 BURNETT AVE, ARNOLD, MD 21012-1716
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
76 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
—
Luis G Barbe
Yvonne M Barbe Living Trust
Deed
related
—
Nov 17, 2025
—
Patriot Investments LLC
—
Deed
related
$75,000 · Bank Of Hindman
Jul 2, 2025
$1,970,000
Nancy E Kozinski Living Trust
Jeanne B Saum Revocable Trust
Warranty Deed
—
May 6, 2025
—
Palm Bay Club 71 LLC
Michael B Mccracken
Warranty Deed
—
Apr 23, 2025
$1,029,000
Eric A Olson
Dawn Treader LLC
Warranty Deed
—
Nov 5, 2024
$1,525,000
Alpha Eagle LLC
John Mcewan
Warranty Deed
$1,220,000 · Union Savings Bank
Aug 8, 2024
—
David Smith
David S Smith
Deed
related
—
May 6, 2024
$1,200,000
Mastroni Investors LLC
North Central Capital LLC
Special Warranty Deed
—
Apr 16, 2024
—
Florida Gators Family LLC
Scott Rutledge
Warranty Deed
—
Mar 21, 2024
—
Scott Rutledge
Christopher J Fowler
Warranty Deed
—
Feb 9, 2024
$925,000
Christopher J Fowler
Janet S Stotts
Warranty Deed
—
Dec 28, 2023
—
Gwendolyn H Franco
Gwendolyn H Franco
Deed
related
—
Dec 18, 2023
$2,000,000
Jeanne B Saum
Shelagh Wakeford
Warranty Deed
—
Oct 4, 2023
$1,250,000
Bengal Two LLC
Scousehouse LLC
Warranty Deed
—
May 11, 2023
$950,000
William Syrkin
Carla J Rutledge
Warranty Deed
—
May 8, 2023
$975,000
Christopher J Fowler
Carla J Rutledge
Warranty Deed
—
May 2, 2023
—
Carla J Rutledge
R&r Holdings LLC
Deed
—
Jan 30, 2023
—
Fss Properties LLC
William Forman
Quitclaim Deed
related
—
Jan 25, 2023
$1,550,000
Freeze Enterprises LLC
Sarasota Palm Bay LLC
Warranty Deed
$550,000 · Bankiowa
Dec 21, 2022
$1,025,000
North Central Capital LLC
Frank W Logerfo
Warranty Deed
—
May 9, 2022
$1,525,000
John Mcewan
Julie Pauletto
Warranty Deed
$750,000 · South State Bank NA
Mar 22, 2022
—
Buccibucci LLC
—
Deed
related
$366,000 · Citadel Servicing Corporation
Feb 15, 2022
—
Thomas Michael Fitch
—
Deed
related
$1,000,000 · Thomas Michael Fitch
Feb 11, 2022
—
Buccl&bucci LLC
—
Deed
related
$366,000 · Citadel Servicing Corporation
Dec 21, 2021
—
Dominique Charbonneaux LLC
Yaakov Borenstein
Deed
—
Dec 21, 2021
$312,500
Dominique Charbonneaux LLC
Nelly Charbonneaux
Special Warranty Deed
—
Dec 15, 2021
$743,000
Jj Property Ventures LLC
F Steven Herb
Warranty Deed
—
Sep 10, 2021
$1,510,000
Florida Sunset LLC
Gwendolyn H Franco
Warranty Deed
—
Aug 9, 2021
$1,250,000
Vicki S Dursch
David C Ure
Warranty Deed
—
Aug 5, 2021
$872,000
Midnight Pass Holdings LLC
Cyplex Holdings Incorporated
Warranty Deed
—
Aug 5, 2021
$1,040,000
William Forman
Bethany Finance LLC
Warranty Deed
—
Aug 2, 2021
$600,000
Andrew D Dursch
Vicki S Dursch
Warranty Deed
related
$420,000 · Regions Bank
Jun 3, 2021
$774,000
Patriot Investments LLC
Ratuiff Holdings LLC
Warranty Deed
$619,200 · Bank Of Hindman
May 26, 2021
$1,060,000
Woodcock Investment Partners LLC
Sea Bear LLC
Warranty Deed
—
May 11, 2021
—
Edward F O'brien
Patricia S O'brien
Deed
related
—
Apr 5, 2021
$685,000
Ronald S Faupel
Cruce Properties LLC
Warranty Deed
—
Dec 16, 2020
$463,000
Greg Martin Goehring
Barbara J Moutsatsos
Warranty Deed
$449,110 · Ubs Bank USA
Dec 15, 2020
$1,100,000
Gwendolyn H Franco
Richard D Langhout
Warranty Deed
—
Dec 7, 2020
$680,000
Brian Brush
Jandj Beach Properties LLC
Warranty Deed
$476,000 · South State Bank NA
Nov 18, 2020
—
Brian J Hogue
—
Deed
related
$270,000 · South State Bank
Jun 15, 2020
—
Ratliff Holdings LLC
—
Deed
related
$445,000 · Bank Of Hindman
Apr 22, 2020
—
Brian Roche
Brian Roche
Deed
related
$337,000 · Movement Mortgage
Mar 9, 2020
—
Brian J Hogue
Brian J Hogue
Deed
related
—
Jan 24, 2020
$1,065,000
Rodriguez,elvio Trust
Lillian Chlebowski-rash
Warranty Deed
—
Jan 10, 2020
$1,300,000
2015 Michael G Family Trust
Darrell R Ratliff
Warranty Deed
—
Nov 4, 2019
$690,000
Pioneer Industrial Park INC
Robert Lutz
Warranty Deed
—
Sep 13, 2019
$854,000
James A Burns
Victoria Marsh Warner
Warranty Deed
$500,000 · Sabal Palm Bank
Sep 3, 2019
$100
Lorch Family Trust
Lorch Charles G
Quitclaim Deed
related
—
May 31, 2019
$975,000
Sandra Kovach
Gardner Dev Group LLC
Warranty Deed
—
Apr 12, 2019
—
Ratliff,darrell R Living Trust D
Ratliff,darrell R & Nancy W
Quitclaim Deed
related
—
Jan 3, 2019
$100
Bucci & Bucci LLC
Bucci,vincent W JR & Timothy J
Warranty Deed
related
—
Dec 3, 2018
$416,300
Vincent William Bucci JR
Palm Bay 18 LLC
Warranty Deed
$353,855 · Bank Of The Ozarks
Dec 3, 2018
$100
Hennessy,joseph M JR Trust
Hennessy,joseph M
Warranty Deed
related
—
Oct 16, 2018
$699,000
R & R Holdings LLC
Maynard,thomas A & Barbara J
Warranty Deed
—
Oct 11, 2018
$326,766
Thomas M Fitch
Fitch Virginia
Grant Deed
—
Oct 11, 2018
$100
Thomas M Fitch
Fitch Thomas F II
Grant Deed
related
—
Oct 11, 2018
$326,666
Thomas M Fitch
Haibt,heather
Warranty Deed
—
Sep 24, 2018
$754,000
Bethany Finance LLC
Chren,paul & Elizabeth
Warranty Deed
—
Aug 17, 2018
$1,171,250
Siu-ming Chan
816659 Ontario Ltd
Warranty Deed
—
Mar 13, 2018
$1,200,000
Helen M Hurst
Koontz,kevin & Linda
Warranty Deed
—
Mar 13, 2018
—
Rayco Holdings LLC
Dixon Mary A Trust
Quitclaim Deed
related
—
Feb 9, 2018
—
Epen,ralph & Virginia Trust
Epen,ralph C & Virginia J
Quitclaim Deed
related
—
Feb 6, 2018
—
3san Siesta LLC
Sanford,michael A
Grant Deed
—
Jan 5, 2018
$640,000
Bethany K Hipp
Stanley F Schaefer
Warranty Deed
$384,000 · Florida Community Bank NA
Dec 27, 2017
—
Robert C Sanford
Sanford,robert C
Quitclaim Deed
related
—
Oct 27, 2017
$865,000
Sea Bear LLC
Cainkar,vincent
Warranty Deed
—
Aug 31, 2017
—
Maynard,thomas A & B J Trust
Maynard Thomas A Trust
Quitclaim Deed
related
—
Aug 28, 2017
—
Joaquin Alfonso
Alfonso,joaquin
Quitclaim Deed
related
—
Apr 17, 2017
$495,000
Slobodan Kitanovski
Robert M Malorana
Warranty Deed
$395,000 · First Home Bank
Mar 2, 2017
$1,131,100
Darrell R Ratliff
Buescher,robert P & Monica M
Warranty Deed
$631,000 · Bank Of Hindman
Feb 8, 2017
—
Marlene Y Berwanger
—
Deed
related
$420,000 · Union Savings Bank
Jan 20, 2017
—
Byrnes Family Trust
Byrnes Virginia L
Quitclaim Deed
related
—
Dec 5, 2016
$645,000
Ratliff Holdings LLC
Scott L Duff
Warranty Deed
$445,000 · Bank Of Hindman
Jul 25, 2016
—
Robert Lutz
—
Deed
related
$469,000 · Fbc Mtg
Jul 20, 2016
—
Victoria M Warner
Warner,victoria M
Quitclaim Deed
—
—
—
Brian R Wakeford
—
Deed Of Trust
related
$100,000 · Barnett 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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