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Property profile & analytics
OFF-MARKET
Estimated value
$11,690,000
Hotels
850 University Pkwy Sarasota, FL 34234-2813
Individually Owned
11-yr Hold
Free & Clear
Property ID
US19-0883610
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1996
Total area
46,413 SF
Lot
2.21 ac (96,311 SF)
Zoning code
CP
APN
2001-02-0008
UPID
US19-0883610
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
-
Courtyard Sarasota Bradenton Airport Hotel & Motel
-
The Bistro – Eat. Drink. Connect.® Restaurant
-
850 University Parkway Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.91M
Blend (final)
Blend
$11.69M
Owner & transaction history
Arc Hospitality Portfolio I Owner L · 11 yrs held
Arc Hospitality Portfolio I Owner L
since 2015
6 recorded transactions
Zoning & alternative use
CP · 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
$11.69M
Range $10.52M – $12.86M · ±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
$252 / 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
$111,010
Tax year 2023
Assessed value
$8,081,700
Assessed 2023
Previous assessed
$5,192,200
+55.7% YoY
Effective rate
1.37%
On assessed value
Assessed land
$2,025,000
Assessed improvement
$6,056,700
Land market value
$2,025,000
Improvement market value
$6,056,700
Total market value
$8,081,700
Applied tax rate
200.0000
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
1996
Heating
NONE
Cooling
WALL UNIT
Stories
3
Bathrooms
81
Total area
46,413 SF
Lot
2.21 ac (96,311 SF)
Zoning code
CP
APN
2001-02-0008
UPID
US19-0883610
Jurisdiction
SARASOTA
Zoning & alternative use
CP · Sarasota, FL
Zoning CP · permitted uses
CP · 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
1996
Heating
NONE
Cooling
Yes
Stories
3
Bathrooms
81
Lot
2.21 ac
Current owner
From public records · entity-resolved
Arc Hospitality Portfolio I Owner L
Individual
Free & Clear · 11 yrs held
Mailing address
11325 RANDOM HLS RD STE #360, FAIRFAX, VA 22030-0972
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2024
—
Ifit Portfolio I Owner LLC
—
Deed
related
$558,100,000 · Citibank NA
May 12, 2017
—
Hit Portfolio I Owner LLC
—
Loan Modification
related
$793,592,228 · Deutsche Bk Ag
Mar 12, 2015
$10,564,300
Arc Hospitality Portfolio I Owner L
W2007 Equity Inns Realty LLC
Special Warranty Deed
—
Nov 27, 2007
—
W2007 Equity Inns Realty LLC
W2007 Equity Inns Ptshp
Quit Claim Deed
—
Jun 22, 2005
$540,000
Equity Inns Ptshp
Mckibbon Brothers INC
Grant Deed
related
—
—
—
W2007 Equity Inns Realty LLC
—
Loan Modification
related
$865,000,000 · German Am Cap
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.
Try Rey
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