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Property profile & analytics
OFF-MARKET
Estimated value
$14,045,000
Hotels
404 Gulf Blvd Indian Rocks Beach, FL 33785-2540
Entity Owned
Free & Clear
Property ID
US18-3858138
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1969
Construction
CONCRETE BLOCKS
Total area
25,810 SF
Lot
0.55 ac (23,871 SF)
APN
12-30-14-78887-007-0090
UPID
US18-3858138
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
by Request
Comparable Approach
Comparable
$14.05M
Blend (final)
Blend
$14.05M
Owner & transaction history
400 Gulf Development LLC
400 Gulf Development LLC
since 2026
5 recorded transactions
Zoning & alternative use
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 Indian Rocks Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indian Rocks 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
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
$18,325,000
Current use
APARTMENT HOUSE (5+ UNITS)
$17,640,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,090,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$14.05M
Range $12.64M – $15.45M · ±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
$544 / 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
$78,248
Tax year 2023
Assessed value
$4,200,000
Assessed 2023
Previous assessed
$3,925,000
+7.0% YoY
Effective rate
1.86%
On assessed value
Land market value
$2,524,636
Improvement market value
$1,675,364
Total market value
$4,200,000
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
1969
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
4
Units
45
Bathrooms
45
Total area
25,810 SF
Lot
0.55 ac (23,871 SF)
APN
12-30-14-78887-007-0090
UPID
US18-3858138
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$18.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.6M
COMMERCIAL (GENERAL)
Est. value
$16.1M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
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
1969
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
4
Units
45
Bathrooms
45
Lot
0.55 ac
Current owner
From public records · entity-resolved
400 Gulf Development LLC
Entity
Free & Clear · 0 yrs held
Mailing address
5600 MARINER ST STE #200, TAMPA, FL 33609-3417
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2026
$16,000,000
400 Gulf Development LLC
Orion Beach Development V LLC
Warranty Deed
—
Aug 16, 2005
$9,000,000
Orion Beach Dev V LLC
Gulf Twrs Of Indian Rocks Bch INC
Warranty Deed
$7,987,950 · Whitney National Bank
Jun 21, 2004
—
Gulf Towers Of Indian Rocks Be
—
Deed Of Trust
related
$1,850,000 · First Citrus Bank
—
—
Crabby Bills Seafood INC
—
Deed Of Trust
related
$71,253 · Florida Busn Dev
—
—
Gulf Towers Of Indian Rocks Be
—
Deed Of Trust
related
$250,000 · First National Bank Florida
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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