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Property profile & analytics
OFF-MARKET
Estimated value
$6,475,000
Hotels
2930 Pineda Plz Way Palm Shores, FL 32940-7342
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-3851747
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
46,576 SF
Lot
2.62 ac (114,127 SF)
Zoning code
C2
APN
26-37-19-00-00532.0-0000.00
UPID
US18-3851747
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.47M
Comparable Approach
Comparable
$8.89M
Blend (final)
Blend
$6.48M
Owner & transaction history
Ganpati Hospitality LLC · 12 yrs held
Ganpati Hospitality LLC
since 2014
3 recorded transactions
Zoning & alternative use
C2 · Palm Shores, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The provisions of the C-2 District are intended to apply to an area intended to be developed and preserved as a major commercial center serving the commercial needs of the community and the region. The types of uses and other restrictions are intended to promote adequate protection from conflicts with adjacent residential and other noncommercial uses, and to…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
122.04 ac
Source
Realmo
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 Palm Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm 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%
$7,010,000
6.5%
$6,470,000
7%
$6,010,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$10,405,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$6.48M
Range $5.83M – $7.12M · ±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
$139 / 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
$61,003
Tax year 2023
Assessed value
$5,387,430
Assessed 2023
Previous assessed
$4,599,570
+17.1% YoY
Effective rate
1.13%
On assessed value
Assessed land
$856,510
Assessed improvement
$4,530,920
Land market value
$856,510
Improvement market value
$4,530,920
Total market value
$5,387,430
Applied tax rate
43.0000
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Units
84
Total area
46,576 SF
Lot
2.62 ac (114,127 SF)
Zoning code
C2
APN
26-37-19-00-00532.0-0000.00
UPID
US18-3851747
Jurisdiction
BREVARD
Zoning & alternative use
C2 · Palm Shores, FLZoning C2 · permitted uses
C2 · Palm Shores, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The provisions of the C-2 District are intended to apply to an area intended to be developed and preserved as a major commercial center serving the commercial needs of the community and the region. The types of uses and other restrictions are intended to promote adequate protection from conflicts with adjacent residential and other noncommercial uses, and to minimize the interruption of traffic along adjacent thoroughfares.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
122.04 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$10.4M
AUTO REPAIR, GARAGE
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
4
Units
84
Lot
2.62 ac
Current owner
From public records · entity-resolved
Ganpati Hospitality LLC
Entity
Free & Clear · 12 yrs held
Mailing address
2930 PINEDA PLZ WAY, MELBOURNE, FL 32940-7342
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2014
$6,000,000
Ganpati Hospitality LLC
Rabella Hospitality INC
Grant Deed
—
Apr 16, 2007
—
Rabella Hospitality INC
Pineda Development Corp
Correction Deed
related
$5,100,000 · Branch Banking And Trust Co
Mar 6, 2007
—
Rabella Hospitality Corp
Pineda Dev Corp
Warranty Deed
related
—
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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