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Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Hotels
2831 Reynolds Dr Fort Pierce, FL 34945-2702
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-5030397
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1993
Construction
CONCRETE BLOCKS
Total area
25,500 SF
Lot
2.07 ac (89,973 SF)
Zoning code
COMM PARKW
APN
2324-710-0004-000-9
UPID
US18-5030397
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
-
SureStay By Best Western Fort Pierce Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.51M
Owner & transaction history
Satya Group LLC · 9 yrs held
Satya Group LLC
since 2017
7 recorded transactions
Zoning & alternative use
COMM PARKW · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+55.4%
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
$1,605,000
Current use
COMMERCIAL (GENERAL)
$2,495,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±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
$59 / 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
$102,201
Tax year 2023
Assessed value
$5,138,400
Assessed 2023
Previous assessed
$3,383,600
+51.9% YoY
Effective rate
1.99%
On assessed value
Assessed land
$337,400
Assessed improvement
$4,801,000
Land market value
$337,400
Improvement market value
$4,801,000
Total market value
$5,138,400
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
1993
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
72
Rooms
71
Bathrooms
1
Total area
25,500 SF
Lot
2.07 ac (89,973 SF)
Zoning code
COMM PARKW
APN
2324-710-0004-000-9
UPID
US18-5030397
Jurisdiction
ST LUCIE
Zoning & alternative use
COMM PARKW · Fort Pierce, FL
Zoning COMM PARKW · permitted uses
COMM PARKW · 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
$1.6M
COMMERCIAL (GENERAL)
Est. value
$2.5M
HOTEL/MOTEL Current
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
1993
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
72
Rooms
71
Bathrooms
1
Lot
2.07 ac
Current owner
From public records · entity-resolved
Satya Group LLC
Entity
Mailing address
2861 REYNOLDS DR, FORT PIERCE, FL 34945-2702
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2025
—
Satya Group LLC
—
Deed
related
$3,400,000 · Cchc Fund Vi LP
Dec 24, 2019
—
Satya Group LLC
—
Deed
related
$2,600,000 · Optimumbank
May 14, 2018
—
Satya Group LLC
—
Deed
related
$250,000 · Oculina Bk
Oct 6, 2017
—
Oclina Bank
—
Deed
related
$2,200,000 · Satya Group LLC
Apr 10, 2017
$1,800,000
Satya Group LLC
Sri Krishna Management INC
Trustees Deed
$2,100,000 · Mcreif Subreit LLC
May 19, 2005
$3,500,000
Sri Krishna Management INC
Leemon,charles L III
Grant Deed
$1,771,100 · Main Street Bank
—
—
Charles L Leemon
—
Deed Of Trust
related
$2,400,000 · Column Financial INC
—
—
Satya Group LLC
—
Deed Of Trust
related
$2,600,000 · Optimumbank
—
—
Sri Krishna Management INC
—
Deed Of Trust
related
$600,000 · Advanced Management & Inv LLC
—
—
Sri Krishna Management INC
—
Deed Of Trust
related
$300,000 · Suraj & Karuna Demla
—
—
Satya Group LLC
—
Deed Of Trust
related
$250,000 · Oculina Bk
—
—
Sri Krishna Management INC
—
Deed Of Trust
related
$300,000 · Bruno & Jami Salamone
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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