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Property profile & analytics
OFF-MARKET
Estimated value
$2,460,000
Hotels
1985 Reynolds Dr Fort Pierce, FL 34945-2707
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US18-1269313
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2006
Construction
CONCRETE BLOCKS
Total area
52,944 SF
Lot
1.78 ac (77,536 SF)
Zoning code
GENERAL CO
APN
2324-341-0002-020-9
UPID
US18-1269313
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
-
Hampton Inn & Suites Ft. Pierce Hotel & Motel
-
Top Gear Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$2.46M
Owner & transaction history
Quorum Hospitality INC · 19 yrs held
Quorum Hospitality INC
since 2006
5 recorded transactions
Zoning & alternative use
GENERAL 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
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
$3,335,000
Current use
Blend value · Realmo final
$2.46M
Range $2.21M – $2.71M · ±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
$46 / 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
$118,632
Tax year 2023
Assessed value
$6,521,400
Assessed 2023
Previous assessed
$3,707,313
+75.9% YoY
Effective rate
1.82%
On assessed value
Assessed land
$290,800
Assessed improvement
$6,230,600
Land market value
$290,800
Improvement market value
$6,230,600
Total market value
$6,521,400
Applied tax rate
22.0000
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/MOTEL
Status
Off-Market
Year built
2006
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
4
Units
81
Rooms
105
Total area
52,944 SF
Lot
1.78 ac (77,536 SF)
Zoning code
GENERAL CO
APN
2324-341-0002-020-9
UPID
US18-1269313
Jurisdiction
ST LUCIE
Zoning & alternative use
GENERAL CO · Fort Pierce, FL
Zoning GENERAL CO · permitted uses
GENERAL CO · Fort Pierce, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Pierce. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.3M
HOTEL/MOTEL Current
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
2006
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
81
Rooms
105
Lot
1.78 ac
Current owner
From public records · entity-resolved
Quorum Hospitality INC
Entity
Mailing address
1500 SE 5TH AVE, DANIA BEACH, FL 33004-4543
Ownership since
2006
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
Aug 19, 2009
—
Quorum Hospitality INC
—
Deed Of Trust
related
$4,875,000 · Northwest Savings Bank
Nov 2, 2006
$518,000
Quorum Hospitality INC
Premier Hospitality INC
Warranty Deed
—
—
—
Quorum Hospitality INC
—
Deed Of Trust
related
$3,750,000 · Espirito Santo Bk
—
—
Quorum Hospitality INC
—
Deed Of Trust
related
$4,875,000 · Northwest Savings Bank
—
—
Quorum Hospitality INC
—
Loan Modification
related
$3,579,339 · Brickell 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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