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Property profile & analytics
OFF-MARKET
Estimated value
$5,605,000
Hotels
1175 Malabar NE Rd Palm Bay, FL 32907-3257
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-1937761
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
CONCRETE
Total area
54,774 SF
Lot
2.67 ac (116,305 SF)
Zoning code
CC
APN
28-37-33-00-00511.3-0000.00
UPID
US18-1937761
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.61M
Comparable Approach
Comparable
$3.40M
Blend (final)
Blend
$5.61M
Owner & transaction history
Laxmi LLC Of Palm Bay · 10 yrs held
Laxmi LLC Of Palm Bay
since 2015
4 recorded transactions
Zoning & alternative use
CC · Palm Bay, 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 Palm Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Bay 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%
$8,240,000
6.5%
$7,610,000
7%
$7,065,000
Blend value · Realmo final
$5.61M
Range $5.04M – $6.17M · ±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
$102 / 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
$85,998
Tax year 2023
Assessed value
$4,509,780
Assessed 2023
Previous assessed
$4,195,380
+7.5% YoY
Effective rate
1.91%
On assessed value
Assessed land
$936,960
Assessed improvement
$3,572,820
Land market value
$936,960
Improvement market value
$3,572,820
Total market value
$4,509,780
Applied tax rate
54.0000
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
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Units
83
Total area
54,774 SF
Lot
2.67 ac (116,305 SF)
Zoning code
CC
APN
28-37-33-00-00511.3-0000.00
UPID
US18-1937761
Jurisdiction
BREVARD
Zoning & alternative use
CC · Palm Bay, FL
Zoning CC · permitted uses
CC · Palm Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Bay. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
5
Units
83
Lot
2.67 ac
Current owner
From public records · entity-resolved
Laxmi LLC Of Palm Bay
Entity
Mailing address
1175 MALABAR RD NE, PALM BAY, FL 32907-3257
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2015
$4,100,000
Laxmi LLC Of Palm Bay
Vb Hotel LLC
Special Warranty Deed
$4,100,000 · Noa Bank
Dec 3, 2014
—
Vb Hotel LLC
Laxmi INC Of Palm Bay Coc
Trustees Deed
related
—
May 27, 2005
$665,000
Laxmi INC
Fountain,john N JR
Warranty Deed
—
Oct 16, 2003
$800,000
Brothers Entertainment I Green
Fountain,john N
Grant Deed
—
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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