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Property profile & analytics
OFF-MARKET
Estimated value
$5,925,000
Hotels
4431 New Hvn Ave West Melbourne, FL 32904-3321
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-8531745
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1990
Construction
WOOD
Total area
62,713 SF
Lot
6.9 ac (300,564 SF)
Zoning code
CP
APN
28-36-02-00-00503.0-0000.00
UPID
US18-8531745
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
by Request
Blend (final)
Blend
$5.93M
Owner & transaction history
Diwa INC · 17 yrs held
Diwa INC
since 2008
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$94 / 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
$51,162
Tax year 2023
Assessed value
$3,146,480
Assessed 2023
Previous assessed
$3,094,610
+1.7% YoY
Effective rate
1.63%
On assessed value
Assessed land
$2,301,020
Assessed improvement
$845,460
Land market value
$2,301,020
Improvement market value
$845,460
Total market value
$3,146,480
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
1990
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
110
Total area
62,713 SF
Lot
6.9 ac (300,564 SF)
Zoning code
CP
APN
28-36-02-00-00503.0-0000.00
UPID
US18-8531745
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.
Building & site characteristics
From public records
Year built
1990
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
110
Lot
6.9 ac
Current owner
From public records · entity-resolved
Diwa INC
Entity
Mailing address
1900 S FEDERAL HWY, FT LAUDERDALE, FL 33316-3549
Ownership since
2008
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
Sep 16, 2008
$4,250,000
Diwa INC
Landmark Bank NA
Grant Deed
$3,612,500 · Landmark Bank
Jul 25, 2008
—
Landmark Bank NA
Rubar Holdings LLC Coc
Trustees Deed
related
—
Dec 28, 2006
$5,800,000
Rubar Holdings LLC
Diamond Hospitality LLC
Grant Deed
$4,400,000 · Landmark Bank
Oct 20, 2004
$3,700,000
Diamond Hospitality LLC
Motels Of America LLC
Grant Deed
$1,536,000 · General Electric Capital Corp
—
—
Rubar Holdings LLC
—
Deed Of Trust
related
$113,400 · A-1 Realty Of Slc INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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