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Property profile & analytics
OFF-MARKET
Estimated value
$4,185,000
Hotels
6748 Sarasea Cir Sarasota, FL 34242-2521
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-4684994
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,115 SF
Lot
0.35 ac (15,102 SF)
Zoning code
RMF3; SKOD
APN
0108-15-0006
UPID
US18-4684994
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
$3.06M
Blend (final)
Blend
$4.19M
Owner & transaction history
Tropical Shrs Bch Res LLC · 6 yrs held
Tropical Shrs Bch Res LLC
since 2020
Last sale
$4.6M
3 recorded transactions
Zoning & alternative use
RMF3; SKOD · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.19M
Range $3.77M – $4.60M · ±10% · vs last sale $4.63M (Feb 28 2020)
Last sale anchor
$4.63M
Feb 28 2020
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
$1,017 / 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
$25,484
Tax year 2023
Assessed value
$2,203,300
Assessed 2023
Previous assessed
$1,714,600
+28.5% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,364,800
Assessed improvement
$838,500
Land market value
$1,364,800
Improvement market value
$838,500
Total market value
$2,203,300
Applied tax rate
1,800.0000
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
WALL UNIT
Stories
1
Rooms
11
Bathrooms
10
Total area
4,115 SF
Lot
0.35 ac (15,102 SF)
Zoning code
RMF3; SKOD
APN
0108-15-0006
UPID
US18-4684994
Jurisdiction
SARASOTA
Zoning & alternative use
RMF3; SKOD · Sarasota, FL
Zoning RMF3; SKOD · permitted uses
RMF3; SKOD · 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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Rooms
11
Bathrooms
10
Lot
0.35 ac
Current owner
From public records · entity-resolved
Tropical Shrs Bch Res LLC
Entity
Free & Clear · 6 yrs held
Mailing address
4594 ASHTON RD, SARASOTA, FL 34233-3487
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2020
$4,625,000
Tropical Shrs Bch Res LLC
Seacon INC
Warranty Deed
—
Feb 28, 2020
—
Tropical Shrs Bch Res LLC
—
Deed
related
$25,000,000 · Bank Of America
—
—
Tropical Shrs Bch Res LLC
—
Loan Modification
related
$25,000,000 · Bank Of America
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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