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Property profile & analytics
OFF-MARKET
Estimated value
$11,170,000
Hotels
1230 Seaway Dr Fort Pierce, FL 34949-3148
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0314513
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1999
Construction
CONCRETE BLOCKS
Total area
33,436 SF
Lot
0.93 ac (40,500 SF)
Zoning code
TOURIST CO
APN
2401-501-0284-000-9
UPID
US18-0314513
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
-
Hutchinson Island Plaza Hotel & Suites Hotel & Motel
-
Florida JCI Senate Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.17M
Owner & transaction history
Hutchinson Ft Pierce Hospitality Ll · 4 yrs held
Hutchinson Ft Pierce Hospitality Ll
since 2021
Last sale
$11.7M
7 recorded transactions
Zoning & alternative use
TOURIST CO · Fort Pierce, 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 Fort Pierce submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Pierce 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
$11,865,000
ML approach
$9,415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.17M
Range $10.05M – $12.29M · ±10% · vs last sale $11.70M (Nov 1 2021)
Last sale anchor
$11.70M
Nov 1 2021
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
$334 / 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
$226,548
Tax year 2023
Assessed value
$10,204,700
Assessed 2023
Previous assessed
$9,992,100
+2.1% YoY
Effective rate
2.22%
On assessed value
Assessed land
$2,025,000
Assessed improvement
$8,179,700
Land market value
$2,025,000
Improvement market value
$8,179,700
Total market value
$10,204,700
Applied tax rate
9,022.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1999
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
4
Units
70
Rooms
86
Bathrooms
1
Total area
33,436 SF
Lot
0.93 ac (40,500 SF)
Zoning code
TOURIST CO
APN
2401-501-0284-000-9
UPID
US18-0314513
Jurisdiction
ST LUCIE
Zoning & alternative use
TOURIST CO · Fort Pierce, FLZoning TOURIST CO · permitted uses
TOURIST CO · Fort Pierce, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1999
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
70
Rooms
86
Bathrooms
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Hutchinson Ft Pierce Hospitality Ll
Individual
Mailing address
1909 WOODALL RODGERS FWY STE #300, DALLAS, TX 75201-2255
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2021
$11,700,000
Hutchinson Ft Pierce Hospitality Ll
Hutchinson Hotel Management Corpora
Special Warranty Deed
$9,690,000 · Access Point Financial LLC
Apr 23, 2018
—
Hutchinson Hotel Mgmt Corp
—
Deed
related
$4,340,000 · Flagler Bk
Dec 12, 2014
$4,350,000
Hutchinson Hotel Management Corpora
No Wake LLC
Warranty Deed
$4,205,000 · Paradise Bank
Jan 23, 2006
$7,880,000
No Wake LLC
T L C Hospitality LLC
Warranty Deed
$5,250,000 · Ohio Valley Bank Co
Nov 2, 2005
—
Tlc Hospitality LLC
—
Trustees Deed
related
$400,000 · Oculina Bank
Sep 12, 2003
$4,465,000
Tlc Hospitality LLC
C L Floyd Enterprises Lc
Grant Deed
—
Aug 30, 2001
$4,465,000
T L C Hospitality LLC
C L Floyd Enterprises Lc
Grant Deed
—
Jun 24, 1998
$479,000
C L Floyd Enterprises Ltd Co
Floyd Enterprises INC
Quit Claim Deed
related
$2,450,000 · First Union National Bank
—
—
C L Floyd Enterprises Ltd
—
Deed Of Trust
related
$3,465,000 · Chrysler Financial Co LLC
—
—
Hutchinson Hotel Mgmt Corp
—
Deed Of Trust
related
$4,340,000 · Flagler Bk
—
—
Tlc Hospitality LLC
—
Deed Of Trust
related
$100,000 · Harbor Fsb
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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