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Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Hotels
8254 Midnight Pass Rd Sarasota, FL 34242-2731
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US19-0434997
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,246 SF
Lot
0.48 ac (20,769 SF)
Zoning code
SKOD; RSF2
APN
0128-02-0001
UPID
US19-0434997
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
-
Banana Bay Club Hotel & Motel Resort
-
Flip Flop Cottages Hotel & Motel Resort
-
Siesta Heron Suites & Villas Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.32M
Owner & transaction history
Avrora Realty LLC · 9 yrs held
Avrora Realty LLC
since 2017
7 recorded transactions
Zoning & alternative use
SKOD; RSF2 · Sarasota, FL
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
$1.32M
Range $1.19M – $1.45M · ±10%
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
$407 / 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
$23,529
Tax year 2023
Assessed value
$2,115,000
Assessed 2023
Previous assessed
$1,528,000
+38.4% YoY
Effective rate
1.11%
On assessed value
Assessed land
$779,000
Assessed improvement
$1,336,000
Land market value
$779,000
Improvement market value
$1,336,000
Total market value
$2,115,000
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
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
WALL UNIT
Buildings
3
Stories
1
Rooms
21
Bathrooms
2
Total area
3,246 SF
Lot
0.48 ac (20,769 SF)
Zoning code
SKOD; RSF2
APN
0128-02-0001
UPID
US19-0434997
Jurisdiction
SARASOTA
Zoning & alternative use
SKOD; RSF2 · Sarasota, FLZoning SKOD; RSF2 · permitted uses
SKOD; RSF2 · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home | City of Sarasota
Building & site characteristics
From public records
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Rooms
21
Bathrooms
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Avrora Realty LLC
Entity
Mailing address
1216 DERBY LN, SARASOTA, FL 34242-8702
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2017
$17,800,000
Avrora Realty LLC
Heron Lagoon Properties LLC
Special Warranty Deed
—
Jun 4, 2014
$1,250,000
Heron Lagoon Properties LLC
Warren Holdings Stateside INC
Special Warranty Deed
$650,000 · Synovus Bank
Jul 6, 2010
—
Warren Holdings Stateside INC
—
Grant Deed
related
$1,189,638 · Busey Bank
Oct 17, 2003
$1,080,000
Warren Holdings Stateside INC
Tradewinds Overseas INC
Grant Deed
related
—
Nov 12, 1997
$900,000
Tradewinds Overseas INC
Spencer,robert
Grant Deed
$600,000 · Seller
—
—
Warren Holdings Stateside INC
—
Deed Of Trust
related
$500,000 · Synovus Bk
—
—
Tradewinds Overseas INC
—
Deed Of Trust
related
$515,000 · Peoples Community Bank W Coast
—
—
Tradewinds Overseas INC
—
Deed Of Trust
related
$500,000 · Raymond E Mason
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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