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    Property profile & analytics

    5970 Midnight Pass Rd, Unit 175 Sarasota, FL 34242-8780

    • Hotels
    • 1,268 SF
    OFF-MARKET
    Value Estimation
    $850,000
    Last Sale
    Jan 06, 2021
    $655,000
    Location Intelligence
    Property ID
    US18-5398168
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hotels

    Property Details for 5970 Midnight Pass Rd

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    1,268 SF
    Zone code
    SKOD; RMF3
    Property type
    Hotels
    APN
    0105-13-6242
    APU
    105136242

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5423
    Latitude
    27.2616
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,846
    $0.00
    $752,100
    $752,100
    -
    $0.00
    $752,100
    $752,100

    Comparable in this City

    • Value Estimation by Request
      1,775 SF

      82 Avenida Messina

      HOTEL/MOTEL • 1,775 SF
      82 Avenida Messina, Sarasota, FL 34242
      View Details
    • Value Estimation by Request
      1,164 SF

      5966 Midnight Pass Rd, Unit G-43

      HOTEL • 1,164 SF
      5966 Midnight Pass Rd, Sarasota, FL 34242-8792
      View Details
    • Value Estimation by Request
      1,551 SF

      5966 Midnight Pass Rd, Unit G-15

      HOTEL • 1,551 SF
      5966 Midnight Pass Rd, Sarasota, FL 34242-8792
      View Details
    • Value Estimation by Request
      1,406 SF

      112 Avenida Messina

      HOTEL/MOTEL • 1,406 SF
      112 Avenida Messina, Sarasota, FL 34242
      View Details
    • Value Estimation
      $2,960,000
      3,273 SF

      603 Bch Rd

      HOTEL/MOTEL • 3,273 SF
      603 Bch Rd, Sarasota, FL 34242-1948
      View Details
    • Value Estimation by Request
      4,534 SF

      5322 Calle De La Siesta

      HOTEL/MOTEL • 4,534 SF
      5322 Calle De La Siesta, Sarasota, FL 34242-3347
      View Details

    Similar Nearby for Sale

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      Multifamily property for sale in Siesta Key, Florida.
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      $749,000
      Pending

      Siesta Key Land Opportunity

      12,800 sqft lot near Siesta Beach.
      5587 Shadow Lawn Dr, Sarasota, FL 34242
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    • $3,750,000
      0.59 Acres

      Waterfront Lot with New Garage Apartment

      Premiere waterfront lot with upgrades, dock, and optional boat.
      7233 Midnight Pass Rd, Sarasota, FL 34242
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    • $2,000,000
      0.49 Acres

      Waterfront Land on Siesta Key

      Rare waterfront property with direct access to Sarasota Bay.
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    Similar Nearby for Lease

    • $45 SF/Yr
      102,530 SF

      Siesta Key Retail Space - 102,530 SF

      Prime Siesta Key retail, large footprint, high visibility.
      6595 Midnight Pass Rd, Sarasota, FL 34242
      View Details
    • $34 SF/Yr
      532 SF

      Retail Shop in Siesta Key

      Small retail shop in Siesta Key Village for rent.
      5057 Ocean Blvd, Sarasota, FL 34242
      View Details
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    5970 Midnight Pass Rd, Unit 175
    Sarasota, FL 34242-8780
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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