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Property profile & analytics
OFF-MARKET
Estimated value
$10,225,000
Hotels
3701 Atlantic Ave Cocoa Beach, FL 32931-3414
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-0358785
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
53,698 SF
Lot
4.21 ac (183,388 SF)
Zoning code
CT1
APN
24-37-35-CI-00011.0-0001.00
UPID
US18-0358785
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
-
Motel 6 Cocoa Beach, FL Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.73M
CAP Approach
CAP
$7.46M
Comparable Approach
Comparable
$9.43M
Blend (final)
Blend
$10.23M
Owner & transaction history
Hare Krishna Cocoa Beach LLC · 3 yrs held
Hare Krishna Cocoa Beach LLC
since 2023
Last sale
$10.7M
7 recorded transactions
Zoning & alternative use
CT1 · Cocoa 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 Cocoa Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cocoa 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
$10,575,000
ML approach
$9,725,000
CAP Approach
CAP Return
Estimation
6%
$8,080,000
6.5%
$7,460,000
7%
$6,925,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$13,310,000
Current use
OFFICE BUILDING
$12,735,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,725,000
Change: -4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,195,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$10.23M
Range $9.20M – $11.25M · ±10% · vs last sale $10.70M (Aug 1 2022)
Last sale anchor
$10.70M
Aug 1 2022
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
$190 / 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
$123,716
Tax year 2023
Assessed value
$7,241,870
Assessed 2023
Previous assessed
$4,827,640
+50.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$2,638,080
Assessed improvement
$4,603,790
Land market value
$2,638,080
Improvement market value
$4,603,790
Total market value
$7,241,870
Applied tax rate
26.0000
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Units
105
Total area
53,698 SF
Lot
4.21 ac (183,388 SF)
Zoning code
CT1
APN
24-37-35-CI-00011.0-0001.00
UPID
US18-0358785
Jurisdiction
BREVARD
Zoning & alternative use
CT1 · Cocoa Beach, FL
Zoning CT1 · permitted uses
CT1 · Cocoa Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cocoa Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$13.3M
OFFICE BUILDING
Est. value
$12.7M
COMMERCIAL (GENERAL)
Est. value
$12.7M
AUTO REPAIR, GARAGE
Est. value
$11.2M
HOTEL/MOTEL Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Units
105
Lot
4.21 ac
Current owner
From public records · entity-resolved
Hare Krishna Cocoa Beach LLC
Entity
Mailing address
2030 AVALON PKWY STE #200, MCDONOUGH, GA 30253-3096
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2023
—
Hare Krishna Cocoa Beach LLC
G6 Hospitality Property LLC
Correction Deed
related
—
Aug 1, 2022
$10,700,000
Hare Krishna Cocoa Beach LLC
G6 Hospitality Property LLC
Special Warranty Deed
$180,800,000 · Starwood Property Mortgage Sub 10 A
Sep 14, 2021
—
G6 Hospitality Property LLC
—
Deed
related
$685,000,000 · Jpmorgan Chase Bank NA
Oct 30, 2012
—
G6 Hospitality Property LLC
Motel 6 Operating LP
Grant Deed
related
—
Sep 27, 2007
$5,006,100
Motel 6 Operating
Nh Cocoa Bch Statutory Trust
Grant Deed
—
Sep 27, 2007
$13,900
Nh Cocoa Beach Statutory Trust
Nh6 Lr II Ltd
Grant Deed
—
—
—
G6 Hospitality Property LLC
—
Loan Modification
related
$1,026,320,718 · Jp Morgan Chase Bk
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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