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Property profile & analytics
OFF-MARKET
Estimated value
$8,880,000
Hotels
17566 Gulf Blvd Redington Shores, FL 33708-1230
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US19-0121081
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1952
Construction
CONCRETE BLOCKS
Total area
15,954 SF
Lot
0.98 ac (42,606 SF)
APN
31-30-15-02502-000-0020
UPID
US19-0121081
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.88M
Blend (final)
Blend
$8.88M
Owner & transaction history
Rk Hospitality LLC · 14 yrs held
Rk Hospitality LLC
since 2012
7 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 Redington Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redington Shores 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$10,670,000
Current use
RESTAURANT
$9,795,000
Change: -8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,555,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$8.88M
Range $7.99M – $9.77M · ±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
$557 / 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
$85,508
Tax year 2023
Assessed value
$5,670,000
Assessed 2023
Previous assessed
$5,450,000
+4.0% YoY
Effective rate
1.51%
On assessed value
Land market value
$4,957,015
Improvement market value
$712,985
Total market value
$5,670,000
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/MOTEL
Status
Off-Market
Year built
1952
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
40
Bathrooms
44
Total area
15,954 SF
Lot
0.98 ac (42,606 SF)
APN
31-30-15-02502-000-0020
UPID
US19-0121081
Jurisdiction
PINELLAS
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
$10.7M
RESTAURANT
Est. value
$9.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.6M
HOTEL/MOTEL Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1952
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Units
40
Bathrooms
44
Lot
0.98 ac
Current owner
From public records · entity-resolved
Rk Hospitality LLC
Entity
Mailing address
17566 GULF BLVD, REDINGTON SHORES, FL 33708-1230
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2019
—
Rk Hospitality LLC
—
Loan Modification
related
$1,334,000 · First Citrus Bk
Jan 25, 2012
$4,250,000
Rk Hospitality LLC
Hotel Isis Exchange LLC
Special Warranty Deed
—
Dec 6, 2011
—
Hotel Isis Exchange LLC
Hotel Isis Investments LLC
Quit Claim Deed
related
—
Mar 23, 2010
$3,000,000
Hotel Isis Exchange LLC
Hotel Isis Investments LLC
Grant Deed
—
Jul 12, 2001
$2,600,000
Ids-hotel Isis Lc
Malivuk Trust
Grant Deed
$1,578,900 · Community Bank Of Manatee
Aug 10, 1999
—
Malivuk Trust
Malivuk,vladimir
Quit Claim Deed
related
—
Aug 10, 1999
$495,300
Malivuk,olivia
Loncarski,boja I
Trustees Deed
—
—
—
Rk Hospitality LLC
—
Deed Of Trust
related
$1,510,000 · Florida Business Dev Corp
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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