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Property profile & analytics
OFF-MARKET
Estimated value
$5,190,000
Hotels
1206 Malabar SE Rd Palm Bay, FL 32907-2556
Entity Owned
17-yr Hold
Free & Clear
Property ID
US18-6950939
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2009
Construction
CONCRETE
Total area
50,041 SF
Lot
2.59 ac (112,820 SF)
Zoning code
CC
APN
29-37-04-00-00017.0-0000.00
UPID
US18-6950939
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
$6.95M
Comparable Approach
Comparable
$3.37M
Blend (final)
Blend
$5.19M
Owner & transaction history
Total Lodging LLC · 17 yrs held
Total Lodging LLC
since 2008
2 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%
$7,530,000
6.5%
$6,950,000
7%
$6,455,000
Blend value · Realmo final
$5.19M
Range $4.67M – $5.71M · ±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
$104 / 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
$69,537
Tax year 2023
Assessed value
$4,471,570
Assessed 2023
Previous assessed
$4,096,180
+9.2% YoY
Effective rate
1.56%
On assessed value
Assessed land
$788,540
Assessed improvement
$3,683,030
Land market value
$788,540
Improvement market value
$3,683,030
Total market value
$4,471,570
Applied tax rate
34.0000
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
2009
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Units
84
Total area
50,041 SF
Lot
2.59 ac (112,820 SF)
Zoning code
CC
APN
29-37-04-00-00017.0-0000.00
UPID
US18-6950939
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
2009
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
4
Units
84
Lot
2.59 ac
Current owner
From public records · entity-resolved
Total Lodging LLC
Entity
Free & Clear · 17 yrs held
Mailing address
1500 SE 5TH AVE, DANIA BEACH, FL 33004-4543
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2008
$950,000
Total Lodging LLC
Babcock & Malabar LLC
Warranty Deed
—
—
—
Total Lodging LLC
—
Loan Modification
related
$4,478,061 · Legacy Bk/fl
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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