Technical
Financial
Distress signals
Property profile

9049 Midnight Pass Rd Sarasota, FL 34242

OFF-MARKET
Hotels
Property ID
US18-3809204
511 SF 0.55 ac lot Built 1945
Entity Owned 22-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1945
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 511 SF
Lot 0.55 ac (23,810 SF)
Zoning code SKOD; RMF3
APN 0131-04-0003
UPID US18-3809204

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
  • Hotel & Motel

Location

9049 Midnight Pass Rd Sarasota, FL 34242-2917
Sarasota metro Census 1909 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$870k
CAP Approach CAP
by Request
Comparable Approach Comparable
$633k
Blend (final) Blend
$630k

Owner & transaction history

since 2004
1 recorded transaction
2004
Price N/A

Zoning & alternative use

SKOD; RMF3 · 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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