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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Turn key restaurants
9105 Midnight Pass Rd Sarasota, FL 34242-2919
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-5233539
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1955
Total area
3,450 SF
Lot
0.26 ac (11,436 SF)
Zoning code
RMF3; SKOD
APN
0131-04-0008
UPID
US18-5233539
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
-
Ophelia's on the Bay Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$954k
Blend (final)
Blend
$755k
Owner & transaction history
Jp Nater LLC · 11 yrs held
Jp Nater LLC
since 2015
7 recorded transactions
Zoning & alternative use
RMF3; SKOD · 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
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$219 / 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
$20,884
Tax year 2023
Assessed value
$1,840,600
Assessed 2023
Previous assessed
$1,540,200
+19.5% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,510,500
Assessed improvement
$330,100
Land market value
$1,510,500
Improvement market value
$330,100
Total market value
$1,840,600
Applied tax rate
1,892.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1955
Heating
YES
Cooling
YES
Stories
1
Rooms
5
Bathrooms
3
Total area
3,450 SF
Lot
0.26 ac (11,436 SF)
Zoning code
RMF3; SKOD
APN
0131-04-0008
UPID
US18-5233539
Jurisdiction
SARASOTA
Zoning & alternative use
RMF3; SKOD · Sarasota, FL
Zoning RMF3; SKOD · permitted uses
RMF3; SKOD · 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
1955
Heating
YES
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
3
Lot
0.26 ac
Current owner
From public records · entity-resolved
Jp Nater LLC
Entity
Mailing address
9105 MIDNIGHT PASS RD, SARASOTA, FL 34242-2919
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2019
—
Np Nater LLC
—
Deed
related
$2,133,000 · Suntrust Bank
May 6, 2015
$1,450,000
Jp Nater LLC
Ferro Stanley C & Jane L
Grant Deed
$1,366,666 · Stanley C & Jane L Ferro
Oct 1, 1998
$250,000
Ferro,stanley C & Jane L
Kelley,charles F
Trustees Deed
$375,000 · First State Bank
Oct 1, 1998
$73,200
Ferro,stanley C & Jane L
Ferro,stanley C
Trustees Deed
related
—
—
—
Stanley C Ferro
—
Deed Of Trust
related
$50,000 · First State Bank
—
—
Stanley C Ferro
—
Deed Of Trust
related
$50,000 · First State Bank
—
—
Stanley C Ferro
—
Deed Of Trust
related
$300,000 · First State Bank
—
—
Stanley C Ferro
—
Deed Of Trust
related
$775,000 · Peninsula Bank
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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