Technical
Financial
Distress signals
Property profile

8865 Midnight Pass Rd Sarasota, FL 34242

OFF-MARKET
Turn key restaurants
Property ID
US18-8246311
1,888 SF 0.16 ac lot Built 1953
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1953
Total area 1,888 SF
Lot 0.16 ac (6,886 SF)
Zoning code CI; SKOD
APN 0129-16-0008
UPID US18-8246311

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
  • Resort
  • (Bike/Boat/Book/etc) Store
  • Marina Boat Rental Service
  • Gas Station
  • (Bike/Boat/Book/etc) Store

Location

8865 Midnight Pass Rd Sarasota, FL 34242-3838
Sarasota metro Census 1909 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2015
4 recorded transactions
2015
$2.4M
2015
$636,869
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CI; SKOD · Sarasota, FL

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
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