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Property profile & analytics
OFF-MARKET
Estimated value
$17,740,000
Hotels
950 University Pkwy Sarasota, FL 34234-2848
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-5319294
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2008
Total area
70,168 SF
Lot
2.96 ac (128,824 SF)
Zoning code
CP
APN
2001-02-0010
UPID
US18-5319294
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
-
Sarasota Business Photography Photography Service (Bike/Boat/Book/etc) Store
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Chilli Restaurant
-
Electric Vehicle Charging Station Electric Vehicle Charging Station
-
Hyatt Place Sarasota/Bradenton Airport Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.51M
Blend (final)
Blend
$17.74M
Owner & transaction history
Sah Hospitality LLC · 10 yrs held
Sah Hospitality LLC
since 2016
6 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
$17.74M
Range $15.97M – $19.51M · ±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
$253 / 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
$146,590
Tax year 2023
Assessed value
$9,607,800
Assessed 2023
Previous assessed
$7,362,300
+30.5% YoY
Effective rate
1.53%
On assessed value
Assessed land
$2,850,000
Assessed improvement
$6,757,800
Land market value
$2,850,000
Improvement market value
$6,757,800
Total market value
$9,607,800
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
2008
Heating
NONE
Cooling
WALL UNIT
Stories
3
Total area
70,168 SF
Lot
2.96 ac (128,824 SF)
Zoning code
CP
APN
2001-02-0010
UPID
US18-5319294
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
2008
Heating
NONE
Cooling
Yes
Stories
3
Lot
2.96 ac
Current owner
From public records · entity-resolved
Sah Hospitality LLC
Entity
Mailing address
1451 LK DR SE UNIT #6304, GRAND RAPIDS, MI 49516-5014
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2016
$16,100,000
Sah Hospitality LLC
Bay Winds Lodging Sarasota LLC
Special Warranty Deed
$12,025,000 · Synovus Bank
Feb 7, 2011
—
Bay Winds Lodging Sarasota LLC
—
Deed Of Trust
related
$14,200,000 · Standard Insurance Co
Feb 19, 2008
—
Bay Winds Lodging Sarasota LLC
—
Deed Of Trust
related
$14,200,000 · Miscellaneous Ins Co
Oct 23, 2007
$2,200,000
Bay Winds Lodging Sarasota LLC
Au Parkway LLC
Warranty Deed
—
Oct 21, 2004
$720,000
Au Parkway LLC
Gilbert Waters Family
Grant Deed
$540,000 · Northern Trust Bank Of Florida
—
—
Bay Winds Lodging Sarasota LLC
—
Loan Modification
related
$14,200,000 · Miscellaneous Ins Co
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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