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Property profile & analytics
OFF-MARKET
Estimated value
$6,325,000
Hotels
4355 New Hvn Ave West Melbourne, FL 32904-3319
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-0684209
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
WOOD
Total area
45,644 SF
Lot
3.5 ac (152,460 SF)
Zoning code
CP
APN
28-36-02-00-00559.0-0000.00
UPID
US18-0684209
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.34M
Comparable Approach
Comparable
$8.71M
Blend (final)
Blend
$6.33M
Owner & transaction history
Haven Street Lodging LLC · 1 yrs held
Haven Street Lodging LLC
since 2024
Last sale
$6.6M
3 recorded transactions
Zoning & alternative use
CP · West Melbourne, 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 West Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Melbourne 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%
$6,870,000
6.5%
$6,340,000
7%
$5,885,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$10,200,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$6.33M
Range $5.69M – $6.96M · ±10% · vs last sale $6.60M (Aug 14 2024)
Last sale anchor
$6.60M
Aug 14 2024
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
$62,927
Tax year 2023
Assessed value
$4,478,930
Assessed 2023
Previous assessed
$4,095,770
+9.4% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,295,910
Assessed improvement
$3,183,020
Land market value
$1,295,910
Improvement market value
$3,183,020
Total market value
$4,478,930
Applied tax rate
52.0000
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
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Units
83
Total area
45,644 SF
Lot
3.5 ac (152,460 SF)
Zoning code
CP
APN
28-36-02-00-00559.0-0000.00
UPID
US18-0684209
Jurisdiction
BREVARD
Zoning & alternative use
CP · West Melbourne, FL
Zoning CP · permitted uses
CP · West Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Melbourne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$10.2M
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
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
4
Units
83
Lot
3.5 ac
Current owner
From public records · entity-resolved
Haven Street Lodging LLC
Entity
Mailing address
925 W GEORGIA ST STE VANCOUVER XX
Ownership since
2024
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
Nov 14, 2024
$6,600,000
Haven Street Lodging LLC
Ahip Fl Melbourne Properties LLC
Special Warranty Deed
$5,061,375 · Community First Credit Union Of Flo
Dec 1, 2014
$9,594,000
Ahip Fl Titusville Props LLC|ahip Fl Melbourne Ent
Space Coast Hotel Assocs LLC
Grant Deed
$26,110,000 · German Am Cap
Jun 21, 2006
$1,150,000
West Melbourne Hotel Assocs Ll
Cinemaworld Of Florida INC
Warranty Deed
—
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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