Property profile

700 Benjamin Franklin Dr Sarasota, FL 34236

OFF-MARKET
Hotels
Property ID
US18-4371992
58,776 SF 4.09 ac lot Built 1969
Entity Owned 19-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1969
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 58,776 SF
Lot 4.09 ac (178,027 SF)
Zoning code WFR
APN 2016-12-0001
UPID US18-4371992

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electric Vehicle Charging Station
  • Electric Vehicle Charging Station
  • Electric Vehicle Charging Station
  • Hotel & Motel
  • Hotel & Motel

Location

700 Benjamin Franklin Dr Sarasota, FL 34236-2011
Sarasota metro Census 700 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$26.29M

Owner & transaction history

since 2007
5 recorded transactions
2020
Price N/A
2007
Price N/A
2006
$62.5M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

WFR · Sarasota, FL
Zoning description

The Waterfront Resort (WFR) district is intended to permit multiple family dwellings, hotels and motels for tourists, and private recreation clubs for its members and their guests along the Lido Key beachfront and to fac…

General category RESIDENTIAL

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 700 Benjamin Franklin Dr?
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