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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
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, FL
Zoning 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
Palm Shores. Always verify with local authorities before improvements.
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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