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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Hotels
7700 Manasota Key Rd Englewood, FL 34223-9317
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3606971
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,554 SF
Lot
1.53 ac (66,463 SF)
Zoning code
RE2
APN
0490-05-0007
UPID
US18-3606971
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
$1.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.26M
Owner & transaction history
Mkr 7700 LLC · 2 yrs held
Mkr 7700 LLC
since 2023
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
RE2 · Englewood, 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 Englewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Englewood 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
$1,260,000
ML approach
$1,285,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±10% · vs last sale $1.25M (Nov 13 2023)
Last sale anchor
$1.25M
Nov 13 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
$811 / 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
$28,509
Tax year 2023
Assessed value
$2,711,400
Assessed 2023
Previous assessed
$2,262,100
+19.9% YoY
Effective rate
1.05%
On assessed value
Assessed land
$2,490,000
Assessed improvement
$221,400
Land market value
$2,490,000
Improvement market value
$221,400
Total market value
$2,711,400
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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Rooms
9
Bathrooms
2
Total area
1,554 SF
Lot
1.53 ac (66,463 SF)
Zoning code
RE2
APN
0490-05-0007
UPID
US18-3606971
Jurisdiction
SARASOTA
Zoning & alternative use
RE2 · Englewood, FL
Zoning RE2 · permitted uses
RE2 · Englewood, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Englewood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
9
Bathrooms
2
Lot
1.53 ac
Current owner
From public records · entity-resolved
Mkr 7700 LLC
Entity
Mailing address
67 CHAPMAN RD, WESTERLY, RI 02891-4523
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2023
$1,250,000
Mkr 7700 LLC
Robert C Buffum
Warranty Deed
$1,250,000 · The Robert C Buffum Trust
Sep 29, 2016
—
Mkr 7700 LLC
Buffum,james C
Warranty Deed
—
Dec 21, 2012
—
James C Buffum
Buffum,sydney H
Quit Claim Deed
related
—
May 11, 1998
$660,000
Buffum Trust
De Clairville,gwendolyn G & Raym
Grant Deed
—
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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