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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Hotels
222 Hernando St Fort Pierce, FL 34949-3239
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-9624960
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1987
Construction
CONCRETE BLOCKS
Total area
6,967 SF
Lot
0.52 ac (22,500 SF)
Zoning code
TOURIST CO
APN
2401-501-0094-000-0
UPID
US18-9624960
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
-
Royal Inn Beach Hotel Hutchinson Island Hotel & Motel
-
Carmens Cleaning Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$590k
Owner & transaction history
Treasure Coast Hotels LLC · 17 yrs held
Treasure Coast Hotels LLC
since 2009
7 recorded transactions
Zoning & alternative use
TOURIST CO · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$770,000
+75.9%
Auto repair, garage
$760,000
+73.4%
Retail stores
$705,000
+61.0%
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
$585,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$550,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$440,000
Current use
RESTAURANT
$770,000
Change: +76% · Conversion: Difficult
AUTO REPAIR, GARAGE
$760,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$705,000
Change: +61% · Conversion: Difficult
COMMERCIAL (GENERAL)
$680,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$85 / 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
$51,590
Tax year 2023
Assessed value
$2,586,600
Assessed 2023
Previous assessed
$1,732,761
+49.3% YoY
Effective rate
1.99%
On assessed value
Assessed land
$562,500
Assessed improvement
$2,024,100
Land market value
$562,500
Improvement market value
$2,024,100
Total market value
$2,586,600
Applied tax rate
9,022.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1987
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
3
Rooms
28
Bathrooms
8
Total area
6,967 SF
Lot
0.52 ac (22,500 SF)
Zoning code
TOURIST CO
APN
2401-501-0094-000-0
UPID
US18-9624960
Jurisdiction
ST LUCIE
Zoning & alternative use
TOURIST CO · Fort Pierce, FL
Zoning TOURIST CO · permitted uses
TOURIST 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
$440,000
RESTAURANT
Est. value
$770,000
AUTO REPAIR, GARAGE
Est. value
$760,000
RETAIL STORES
Est. value
$705,000
COMMERCIAL (GENERAL)
Est. value
$680,000
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1987
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Rooms
28
Bathrooms
8
Lot
0.52 ac
Current owner
From public records · entity-resolved
Treasure Coast Hotels LLC
Entity
Mailing address
222 HERNANDO ST, FORT PIERCE, FL 34949-3239
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2019
—
Treasure Coast Hotels LLC
—
Deed
related
$1,820,000 · Optimumbank
Feb 27, 2009
$1,000,000
Treasure Coast Hotels LLC
Oculina Bk
Warranty Deed
$800,000 · Oculina Bank
Dec 21, 2007
—
Royal Inn INC
—
Trustees Deed
related
$250,000 · Oculina Bank
Jun 28, 2007
—
Royal Inn INC
—
Trustees Deed
related
$200,000 · Oculina Bank
May 2, 2007
—
Royal Inn INC
—
Trustees Deed
related
$350,000 · Oculina Bank
Jan 16, 2003
$800,000
Royalinn INC
Patel,dhirendra N & Bharti
Grant Deed
$650,000 · Dhirendra N & Bharti Patel
—
—
Treasure Coast Hotels LLC
—
Deed Of Trust
related
$1,820,000 · Optimumbank
—
—
Royal Inn INC
—
Deed Of Trust
related
$200,000 · Oculina Bank
—
—
Royal Inn INC
—
Deed Of Trust
related
$640,750 · Oculina Bank
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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