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Property profile & analytics
OFF-MARKET
Estimated value
$4,520,000
Hotels
2045 Vis Pkwy West Palm Beach, FL 33411-2719
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-5244610
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2021
Construction
STEEL FRAME
Total area
71,318 SF
Lot
3.09 ac (134,796 SF)
Zoning code
PIPD
APN
00-42-43-22-06-023-0080
UPID
US18-5244610
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
-
Fairfield Inn & Suites West Palm Beach Hotel & Motel
-
iThink Amphitheatre Resort
-
Microsof Comp Training Consultants LLC Training Center
-
Beit Pratzim Messianic Congregation Church
-
Microsof Comp Training Consulting LLC Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.11M
Blend (final)
Blend
$4.52M
Owner & transaction history
Ascend Hospitality LLC · 10 yrs held
Ascend Hospitality LLC
since 2016
6 recorded transactions
Zoning & alternative use
PIPD · West Palm Beach, 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 West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Palm Beach 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
Blend value · Realmo final
$4.52M
Range $4.07M – $4.97M · ±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
$63 / 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
$231,847
Tax year 2023
Assessed value
$12,426,881
Assessed 2023
Previous assessed
$12,306,947
+1.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$2,425,000
Assessed improvement
$10,001,881
Land market value
$2,425,000
Improvement market value
$10,001,881
Total market value
$12,426,881
Applied tax rate
192.0000
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
2021
Construction
STEEL FRAME
Heating
NONE
Cooling
AC.PACKAGE
Stories
5
Units
125
Total area
71,318 SF
Lot
3.09 ac (134,796 SF)
Zoning code
PIPD
APN
00-42-43-22-06-023-0080
UPID
US18-5244610
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PIPD · West Palm Beach, FL
Zoning PIPD · permitted uses
PIPD · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2021
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
5
Units
125
Lot
3.09 ac
Current owner
From public records · entity-resolved
Ascend Hospitality LLC
Entity
Free & Clear · 10 yrs held
Mailing address
7463 CONROY WINDERMERE RD STE C, ORLANDO, FL 32835-2761
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2019
—
Ascend Hospitality LLC
—
Deed
related
$4,902,000 · Addition Fin'l Cu
Jul 21, 2016
$2,000,000
Ascend Hospitality LLC
Procacci Vista 2 LLC
Grant Deed
—
Apr 17, 2015
$824,500
W2pr LLC
Mortgage & R/e Income Fund L
Warranty Deed
—
Feb 15, 2011
$100
Mortgage & R & E Income Fund
Fulcher,richard & Andrea Coc
Trustees Deed
related
—
—
—
Ascend Hospitality LLC
—
Deed Of Trust
related
$9,487,840 · Addition Fin'l Cu
—
—
Ascend Hospitality LLC
—
Deed Of Trust
related
$4,902,000 · Addition Fin'l Cu
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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