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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7990 Manasota Key Rd, Unit 2 Englewood, FL 34223-9321

    • Hotels
    • 308 SF
    OFF-MARKET
    Last Sale
    Jul 01, 2021
    $2,100,000
    Value Estimations
    $2,555,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6037138
    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 7990 Manasota Key Rd

    Year built
    1953
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    308 SF
    Zone code
    RE2
    Property type
    Hotels
    APN
    0489-24-1002
    APU
    489241002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,830,000
      ML approach
      $2,830,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,731,000
      Market price range: $391k - $2.83M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Englewood
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4052
    Latitude
    26.9966
    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
    $2,010
    $0.00
    $160,100
    $160,100
    -
    $0.00
    $160,100
    $160,100

    Comparable in this City

    • Value Estimation
      $355,000
      5,188 SF

      7660 Manasota Key Rd

      HOTEL/MOTEL • 5,188 SF
      7660 Manasota Key Rd, Englewood, FL 34223-9344
      View Details
    • Value Estimation by Request
      3,708 SF

      2230 Bch Rd

      HOTEL/MOTEL • 3,708 SF
      2230 Bch Rd, Englewood, FL 34223-5716
      View Details
    • Value Estimation
      $1,260,000
      1,554 SF

      7700 Manasota Key Rd

      HOTEL/MOTEL • 1,554 SF
      7700 Manasota Key Rd, Englewood, FL 34223-9317
      View Details
    • Value Estimation
      $265,000
      640 SF

      1900 Manasota Bch Rd

      HOTEL/MOTEL • 640 SF
      1900 Manasota Bch Rd, Englewood, FL 34223-6437
      View Details
    • Value Estimation
      $3,125,000
      1,248 SF

      7720 Manasota Key Rd

      HOTEL/MOTEL • 1,248 SF
      7720 Manasota Key Rd, Englewood, FL 34223-9317
      View Details
    • Value Estimation
      $2,555,000
      308 SF

      7990 Manasota Key Rd, Unit 3

      HOTEL • 308 SF
      7990 Manasota Key Rd, Englewood, FL 34223-9321
      View Details

    Similar Nearby for Sale

    • $3,800,000
      5,338 SF

      Englewood Hotel/Venue Opportunity Near Beach

      Boutique hotel or family compound near Manasota Beach.
      1991 Heasley Rd, Englewood, FL 34223
      View Details
    • $4,995,000
      4,904 SF

      ENGLEWOOD, FL Hotel/Motel For Sale

      Beachfront resort with Intracoastal Waterway access and strong income potential.
      8520 Manasota Key Rd, Englewood, FL 34223
      View Details
    • $4,000,000
      18,035 SF

      Waterfront Multifamily Property on Manasota Key

      Multifamily property with Gulf and Bay frontage on Manasota Key.
      1815 Gulf Blvd, Englewood, FL 34223
      View Details
    • $439,000

      Englewood Land Parcel For Sale

      Nearly 4 acres available near Dearborn St and Englewood Beach.
      Bertrend St, Englewood, FL 34223
      View Details
    • $2,300,000
      Pending

      Gulf-Front Property on Manasota Key

      Pristine 1.22-acre Gulf-front property with 127 feet of frontage.
      6400 Manasota Key Rd, Englewood, FL 34223
      View Details
    • $750,000
      2,616 SF

      Waterfront Triplex Opportunity in Englewood

      Waterfront triplex on 0.72 acres with development potential.
      1999 Placida Rd, Englewood, FL 34223
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      9,164 SF

      Englewood Medical Office Suites

      Three renovated suites available, ideal for medical practices.
      2061 Englewood Rd, Englewood, FL 34223
      View Details
    • $1,800 /Mo
      1,215 SF

      Commercial Space in High-Traffic Area

      High-visibility commercial space with ample parking in a prime location.
      1075 S Mccall Rd, Englewood, FL 34223
      View Details
    • $13 SF/Yr
      22,091 SF

      Prime Retail Space - The Tower

      High-traffic location, multiple units available.
      612 Indiana Ave, Englewood, FL 34223
      View Details
    • $16 SF/Yr
      6,664 SF

      Englewood Medical Office Building

      Prime Medical Office Space Available
      2009 Mccall Rd, Englewood, FL 34223
      View Details
    • $13 SF/Yr
      2,000 SF

      Englewood Retail Space Available

      Retail spaces available in well-maintained Englewood shopping center.
      445 S Indiana Ave, Englewood, FL 34223
      View Details
    • New
      $1,500 /Mo
      900 SF

      Retail Space in Englewood, FL

      Retail space with high traffic exposure in Englewood, Florida.
      1221 S Mccall Rd, Englewood, FL 34223
      View Details
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    Englewood, FL 34223-9321
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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