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Property profile & analytics
OFF-MARKET
Estimated value
$13,245,000
Hotels
6600 Tamiami Trl Sarasota, FL 34231-4832
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2482974
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1986
Total area
41,821 SF
Lot
2.29 ac (99,900 SF)
Zoning code
CG
APN
0104-06-0007
UPID
US18-2482974
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
Current use
Occupant on record · Public records
-
Spark by Hilton Sarasota Siesta Key Gateway Hotel & Motel
-
Jonny's Original Free Ride Freight Service Logistics Company
-
Sand Dollar Pool Bar Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.63M
Blend (final)
Blend
$13.25M
Owner & transaction history
Skg Viii LLC · 3 yrs held
Skg Viii LLC
since 2023
Last sale
$13.5M
7 recorded transactions
Zoning & alternative use
CG · 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
$14,640,000
ML approach
$12,870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.25M
Range $11.92M – $14.57M · ±10% · vs last sale $13.55M (Mar 30 2023)
Last sale anchor
$13.55M
Mar 30 2023
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
$317 / 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
$128,341
Tax year 2023
Assessed value
$10,717,100
Assessed 2023
Previous assessed
$9,171,000
+16.9% YoY
Effective rate
1.20%
On assessed value
Assessed land
$3,250,000
Assessed improvement
$7,467,100
Land market value
$3,250,000
Improvement market value
$7,467,100
Total market value
$10,717,100
Applied tax rate
100.0000
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/MOTEL
Status
Off-Market
Year built
1986
Heating
NONE
Cooling
WALL UNIT
Stories
4
Rooms
2
Bathrooms
146
Total area
41,821 SF
Lot
2.29 ac (99,900 SF)
Zoning code
CG
APN
0104-06-0007
UPID
US18-2482974
Jurisdiction
SARASOTA
Zoning & alternative use
CG · Sarasota, FL
Zoning CG · permitted uses
CG · 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
1986
Heating
NONE
Cooling
Yes
Stories
4
Rooms
2
Bathrooms
146
Lot
2.29 ac
Current owner
From public records · entity-resolved
Skg Viii LLC
Entity
Mailing address
300 CENTERVILLE RD STE #300, WARWICK, RI 02886-0200
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2023
$13,545,000
Skg Viii LLC
M&m Lodgings LLC
Special Warranty Deed
—
Mar 30, 2023
—
Skg Operating Vill LLC
Skg Viii LLC
Lease
—
Nov 9, 2018
—
M & M Lodgings LLC
—
Loan Modification
related
$5,800,000 · Premier Cmnty Bk/fl
Apr 25, 2013
$5,800,000
M&m Lodgings LLC
Mpl Lodgings INC
Warranty Deed
$5,000,000 · Stearns Bank NA
Oct 16, 2007
$11,700,000
Mpl Lodgings INC
Thi IV Sarasota Hie LLC
Special Warranty Deed
—
Aug 18, 2005
$10,600,000
Thi IV Sarasota Hie LLC
Allen Ronald G Trust
Grant Deed
$3,510,000 · Barclays Capital R E INC
Aug 6, 1998
$7,500,000
Allen Trust
Prince-bush Investments-saraso
Grant Deed
—
—
—
M & M Lodgings LLC
—
Deed Of Trust
related
$1,500,000 · Premier Cmnty Bk/fl
—
—
M & M Lodgings LLC
—
Deed Of Trust
related
$6,100,000 · Gateway Bk/sw Fl
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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