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Property profile & analytics
OFF-MARKET
Estimated value
$5,920,000
Hotels
4650 New Hvn Ave West Melbourne, FL 32904-3326
Individually Owned
9-yr Hold
Free & Clear
Property ID
US18-3127029
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2017
Construction
WOOD
Total area
49,296 SF
Lot
2.94 ac (128,066 SF)
Zoning code
BU-1
APN
28-36-03-00-00009.1-0000.00
UPID
US18-3127029
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
$6.85M
Comparable Approach
Comparable
$4.91M
Blend (final)
Blend
$5.92M
Owner & transaction history
Woodspring Suites West Melbourne 1- · 9 yrs held
Woodspring Suites West Melbourne 1-
since 2016
7 recorded transactions
Zoning & alternative use
BU-1 · 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%
$7,420,000
6.5%
$6,845,000
7%
$6,360,000
Blend value · Realmo final
$5.92M
Range $5.33M – $6.51M · ±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
$120 / 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
$96,466
Tax year 2023
Assessed value
$6,519,530
Assessed 2023
Previous assessed
$6,068,050
+7.4% YoY
Effective rate
1.48%
On assessed value
Assessed land
$1,600,830
Assessed improvement
$4,918,700
Land market value
$1,600,830
Improvement market value
$4,918,700
Total market value
$6,519,530
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
2017
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
4
Units
123
Total area
49,296 SF
Lot
2.94 ac (128,066 SF)
Zoning code
BU-1
APN
28-36-03-00-00009.1-0000.00
UPID
US18-3127029
Jurisdiction
BREVARD
Zoning & alternative use
BU-1 · West Melbourne, FL
Zoning BU-1 · permitted uses
BU-1 · 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
2017
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
123
Lot
2.94 ac
Current owner
From public records · entity-resolved
Woodspring Suites West Melbourne 1-
Individual
Free & Clear · 9 yrs held
Mailing address
8919 W 21ST ST N, WICHITA, KS 67205-1812
Ownership since
2016
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
Mar 31, 2022
—
Tiger West Melbourne I 95 LLC
—
Deed
related
$195,000,000 · Jpmorgan Chase Bank NA
Mar 19, 2020
—
Schedule Hereto
—
Deed
related
$435,000,000 · Citi R/e Fndg INC
Feb 16, 2018
—
Bsrep II Ws Hotel Dev Trust Sub
—
Loan Modification
related
$65,000,000 · Citicorp Svgs/il
Jul 27, 2017
—
Palm Gardens Dev LLC
—
Deed
related
$500,000 · Vintage Estate Homes LLC
Dec 14, 2016
$1,632,900
Woodspring Suites West Melbourne 1-
Lake Geneya Group LLC
Warranty Deed
—
—
—
Schedule Hereto
—
Loan Modification
related
$435,000,000 · Citi R/e Fndg INC
—
—
Palm Gardens Dev LLC
—
Deed Of Trust
related
$500,000 · Vintage Estate Homes LLC
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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