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Property profile & analytics
OFF-MARKET
Estimated value
$8,165,000
Hotels
900 University Pkwy Sarasota, FL 34234-2848
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US19-0591921
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1992
Construction
FRAME
Total area
32,388 SF
Lot
2 ac (87,123 SF)
Zoning code
CP
APN
2001-02-0009
UPID
US19-0591921
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
-
Sleep Inn Sarasota North Hotel & Motel
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.01M
Blend (final)
Blend
$8.17M
Owner & transaction history
D & K Hotel Investment LLC · 10 yrs held
D & K Hotel Investment LLC
since 2016
7 recorded transactions
Zoning & alternative use
CP · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent and purpose of the CP district is to permit medium scale commercial facilities and to facilitate their proper development and use
Zone name
Commercial Park
General category
COMMERCIAL
Zone area
24.86 ac
Source
Realmo
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
$8.17M
Range $7.35M – $8.98M · ±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
$61,378
Tax year 2023
Assessed value
$4,197,600
Assessed 2023
Previous assessed
$2,858,700
+46.8% YoY
Effective rate
1.46%
On assessed value
Assessed land
$1,600,000
Assessed improvement
$2,597,600
Land market value
$1,600,000
Improvement market value
$2,597,600
Total market value
$4,197,600
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
1992
Construction
FRAME
Heating
NONE
Cooling
WALL UNIT
Stories
3
Rooms
83
Bathrooms
83
Total area
32,388 SF
Lot
2 ac (87,123 SF)
Zoning code
CP
APN
2001-02-0009
UPID
US19-0591921
Jurisdiction
SARASOTA
Zoning & alternative use
CP · Sarasota, FLZoning CP · permitted uses
CP · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent and purpose of the CP district is to permit medium scale commercial facilities and to facilitate their proper development and use
Zone name
Commercial Park
General category
COMMERCIAL
Zone area
24.86 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1992
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
3
Rooms
83
Bathrooms
83
Lot
2 ac
Current owner
From public records · entity-resolved
D & K Hotel Investment LLC
Entity
Mailing address
14106 US HWY 19, HUDSON, FL 34667-1167
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2016
$5,800,000
D & K Hotel Investment LLC
S I Sarasota LLC
Grant Deed
$3,883,869 · * Other Institutional Lenders
Nov 20, 2014
—
S I Sarasota LLC
Sarasota Airport Hospitality LLC
Special Warranty Deed
$4,000,000 · Ubs Real Estate Securities INC
Dec 28, 2012
$1,280,000
Sarasota Arpt Hospitality LLC
Ap Hotel Management LLC
Grant Deed
—
Aug 13, 2008
—
Ap Hotel Management LLC
Rees 610 LLC
Grant Deed
—
Aug 13, 2007
$3,560,000
Ap Hotel Management LLC
Lotus Cleaners LLC
Warranty Deed
$1,389,340 · Peoples Community Bank
Sep 6, 2006
$3,775,000
Lotus Cleaners LLC
J K D K INC
Warranty Deed
$1,800,000 · Peoples Community Bank Of West Coas
Feb 26, 2004
$1,650,000
Jkdk INC
Csfb 1998-c1 Sarasota LLC
Grant Deed
$989,874 · First National Bank Nw Florida
Feb 8, 2002
—
Csfb 1998-c1 Sarasota LLC
Host Ventures INC
Trustees Deed
related
—
Mar 19, 1997
$3,240,000
Host Ventures INC
Crosshost INC
Grant Deed
related
$1,775,039 · Credit Suisse First Boston
—
—
Sarasota Arpt Hospitality LLC
—
Deed Of Trust
related
$2,120,000 · First America Bk
—
—
Sarasota Arpt Hospitality LLC
—
Deed Of Trust
related
$500,000 · Dcr Mortgage Vi Sub II LLC
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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