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Property profile & analytics
OFF-MARKET
Estimated value
$15,585,000
Hotels
130 Sheriff Rd INN, Melbourne, FL 32940-8270
Entity Owned
~
Est. High Equity
Property ID
US18-5258532
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2007
Construction
CONCRETE
Total area
51,042 SF
Lot
1.7 ac (74,052 SF)
Zoning code
TU-2
APN
26-36-15-26-0000A.0-0003.00
UPID
US18-5258532
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
$10.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.90M
Blend (final)
Blend
$15.59M
Owner & transaction history
Srp Legacy Investment LLC
Srp Legacy Investment LLC
since 2025
Last sale
$16.5M
7 recorded transactions
Zoning & alternative use
TU-2 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$19.5M
+45.0%
Commercial (general)
$15.8M
+17.5%
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 Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melbourne 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
$14,440,000
ML approach
$10,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$13,450,000
Current use
RESTAURANT
$19,505,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,805,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$13,440,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,405,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$15.59M
Range $14.03M – $17.14M · ±10% · vs last sale $16.50M (May 11 2025)
Last sale anchor
$16.50M
May 11 2025
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
$305 / 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
$118,901
Tax year 2023
Assessed value
$9,024,700
Assessed 2023
Previous assessed
$10,081,320
-10.5% YoY
Effective rate
1.32%
On assessed value
Assessed land
$870,110
Assessed improvement
$8,154,590
Land market value
$870,110
Improvement market value
$8,154,590
Total market value
$9,024,700
Applied tax rate
4,200.0000
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
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Units
88
Total area
51,042 SF
Lot
1.7 ac (74,052 SF)
Zoning code
TU-2
APN
26-36-15-26-0000A.0-0003.00
UPID
US18-5258532
Jurisdiction
BREVARD
Zoning & alternative use
TU-2 · Melbourne, FL
Zoning TU-2 · permitted uses
TU-2 · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melbourne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$13.5M
RESTAURANT
Est. value
$19.5M
COMMERCIAL (GENERAL)
Est. value
$15.8M
OFFICE BUILDING
Est. value
$13.4M
AUTO REPAIR, GARAGE
Est. value
$11.4M
HOTEL/MOTEL Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
5
Units
88
Lot
1.7 ac
Current owner
From public records · entity-resolved
Srp Legacy Investment LLC
Entity
Mailing address
506 N SULLIVAN RD STE F, SPOKANE VALLEY, WA 99037-8543
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2025
$16,500,000
Srp Legacy Investment LLC
130 Sheriff Dr Hotel LLC
Special Warranty Deed
$20,000,000 · Midflorida Cu
Jul 8, 2021
$12,700,000
130 Sheriff Dr Hotel LLC
Viera Hospitality LLP
Special Warranty Deed
$9,350,000 · Delaware Limited Liability Company
Jan 31, 2017
—
Viera Hospitality LLP
—
Deed
related
$4,344,485 · Synovus Bk
Feb 5, 2007
—
Viera Hospitality LLC
—
Grant Deed
related
$6,200,000 · Security Fed'l Bk
May 16, 2006
$1,207,900
Viera Hospitality LLC
Flp 1 LLC
Grant Deed
—
May 1, 2006
—
Owner Name Unavailable
Owner,record
Grant Deed
related
—
—
—
Viera Hospitality LLP
—
Loan Modification
related
$4,344,485 · Synovus Bk
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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