Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Hotels
4215 Hwy A1a Melbourne Beach, FL 32951-3608
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-9780121
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,409 SF
Lot
0.76 ac (33,106 SF)
Zoning code
RU26
APN
28-38-34-00-00501.0-0000.00
UPID
US18-9780121
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
$1.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$911k
Blend (final)
Blend
$1.16M
Owner & transaction history
Seaview Phoenix LLC · 3 yrs held
Seaview Phoenix LLC
since 2023
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
RU26 · Melbourne Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$745,000
+17.5%
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 Melbourne Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melbourne 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
$1,085,000
ML approach
$1,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$745,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±10% · vs last sale $1.25M (Jan 23 2023)
Last sale anchor
$1.25M
Jan 23 2023
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
$479 / 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
$13,707
Tax year 2023
Assessed value
$1,035,680
Assessed 2023
Previous assessed
$1,007,440
+2.8% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,000,000
Assessed improvement
$35,680
Land market value
$1,000,000
Improvement market value
$35,680
Total market value
$1,035,680
Applied tax rate
3,400.0000
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
Status
Off-Market
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
8
Total area
2,409 SF
Lot
0.76 ac (33,106 SF)
Zoning code
RU26
APN
28-38-34-00-00501.0-0000.00
UPID
US18-9780121
Jurisdiction
BREVARD
Zoning & alternative use
RU26 · Melbourne Beach, FL
Zoning RU26 · permitted uses
RU26 · Melbourne Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melbourne Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$745,000
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
8
Lot
0.76 ac
Current owner
From public records · entity-resolved
Seaview Phoenix LLC
Entity
Free & Clear · 3 yrs held
Mailing address
119 SIGNATURE DR, MELBOURNE BEACH, FL 32951-3279
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2023
$1,250,000
Seaview Phoenix LLC
Sea View Inn LLC
Special Warranty Deed
—
Apr 21, 2016
$1,042,800
Sea View Inn LLC
4215 Highway A1a LLC
Warranty Deed
$855,000 · First Green Bk
Jun 27, 2008
$945,000
4215 Highway A1a LLC
Snipas,giedre S
Warranty Deed
—
Jan 16, 2008
—
Giedre S Snipas
—
Trustees Deed
related
$208,000 · Sunshine Family Living Tr (tr)
Jul 23, 2007
—
Giedre S Snipas
—
Trustees Deed
related
$108,000 · Peter J Calcagno
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4215 Hwy A1a?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
