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Property profile & analytics
OFF-MARKET
Estimated value
$18,270,000
Hotels
1665 Hwy A1a, Indialantic, FL 32903-2715
Entity Owned
15-yr Hold
Free & Clear
Property ID
US18-2209992
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1986
Construction
CONCRETE
Total area
147,294 SF
Lot
5.18 ac (225,641 SF)
Zoning code
TU1
APN
27-38-30-EN-00000.0-0016.01
UPID
US18-2209992
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
$20.46M
Comparable Approach
Comparable
$16.18M
Blend (final)
Blend
$18.27M
Owner & transaction history
Westpost Melbourne D LLC · 15 yrs held
Westpost Melbourne D LLC
since 2011
5 recorded transactions
Zoning & alternative use
TU1 · Indialantic, 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 Indialantic submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indialantic 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%
$22,165,000
6.5%
$20,460,000
7%
$19,000,000
Blend value · Realmo final
$18.27M
Range $16.44M – $20.10M · ±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
$124 / 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
$224,602
Tax year 2023
Assessed value
$21,467,840
Assessed 2023
Previous assessed
$19,475,960
+10.2% YoY
Effective rate
1.05%
On assessed value
Assessed land
$4,325,000
Assessed improvement
$17,142,840
Land market value
$4,325,000
Improvement market value
$17,142,840
Total market value
$21,467,840
Applied tax rate
5,300.0000
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
1986
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
9
Units
207
Rooms
8
Total area
147,294 SF
Lot
5.18 ac (225,641 SF)
Zoning code
TU1
APN
27-38-30-EN-00000.0-0016.01
UPID
US18-2209992
Jurisdiction
BREVARD
Zoning & alternative use
TU1 · Indialantic, FL
Zoning TU1 · permitted uses
TU1 · Indialantic, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indialantic. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
9
Units
207
Rooms
8
Lot
5.18 ac
Current owner
From public records · entity-resolved
Westpost Melbourne D LLC
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2017
—
Dw Mlb D Owner LLC
—
Deed
related
$57,000,000 · Natixis R/e Cap
Jul 14, 2011
—
Westpost Melbourne D LLC
—
Deed Of Trust
related
$50,000,000 · Bank Of America
Apr 26, 2011
$17,501,000
Westpost Melbourne D LLC
Braveheart Melbourne Q LLC
Grant Deed
—
Oct 2, 2006
—
Melbourne Q Property Trust
Boykin Hotel Properties
Warranty Deed
—
—
—
Dw Mlb D Owner LLC
—
Deed Of Trust
related
$57,000,000 · Natixis R/e Cap
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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