Back to Search
Property profile & analytics
FOR LEASE
Hotels
1425 Sportsman Ln NE Palm Bay, FL 32905
Entity Owned
~
Est. High Equity
Property ID
US18-4931947
For Lease
1 / 2
$10,075,000
1425 Sportsman Ln NE, Palm Bay, FL 32905
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2020
Construction
CONCRETE
Total area
57,546 SF
Lot
2.48 ac (108,029 SF)
APN
28-37-20-54-00000.0-0002.00
UPID
US18-4931947
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
$12.21M
CAP Approach
CAP
$8.00M
Comparable Approach
Comparable
$12.75M
Blend (final)
Blend
$10.08M
Owner & transaction history
Chosen 1425 LLC
Chosen 1425 LLC
since 2026
Last sale
$9.6M
3 recorded transactions
Zoning & alternative use
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
$12,540,000
ML approach
$12,205,000
CAP Approach
CAP Return
Estimation
6%
$8,660,000
6.5%
$7,995,000
7%
$7,420,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$15,160,000
Current use
AUTO REPAIR, GARAGE
$12,860,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$10.08M
Range $9.07M – $11.08M · ±10% · vs last sale $9.60M (Sep 19 2023)
Last sale anchor
$9.60M
Sep 19 2023
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
$175 / 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
$458,376
Tax year 2023
Assessed value
$7,722,780
Assessed 2023
Previous assessed
$7,722,780
+0.0% YoY
Effective rate
5.94%
On assessed value
Assessed land
$971,820
Assessed improvement
$6,750,960
Land market value
$971,820
Improvement market value
$6,750,960
Total market value
$7,722,780
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
For Lease
Year built
2020
Construction
CONCRETE
Heating
NONE
Stories
4
Units
87
Total area
57,546 SF
Lot
2.48 ac (108,029 SF)
APN
28-37-20-54-00000.0-0002.00
UPID
US18-4931947
Jurisdiction
BREVARD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$15.2M
AUTO REPAIR, GARAGE
Est. value
$12.9M
HOTEL/MOTEL Current
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
2020
Construction
CONCRETE
Heating
NONE
Stories
4
Units
87
Lot
2.48 ac
Current owner
From public records · entity-resolved
Chosen 1425 LLC
Entity
Mailing address
SLF V HPB HOLDCO LLC, NEW YORK, NY 10019
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2026
$13,900,000
Chosen 1425 LLC
Slf V Hpbholdco LLC
Special Warranty Deed
$8,494,241 · Unity Bank
Sep 19, 2023
$9,600,000
Slf V Hpb Holdco LLC
Ad1 Urban Palm Bay LLC
Special Warranty Deed
—
Dec 14, 2021
—
Ad1 Urban Palm Bay LLC
—
Deed
related
$165,000,000 · Hps Investment Partners LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
