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Property profile & analytics
OFF-MARKET
Estimated value
$83,725,000
Hotels
5250 Gulf Blvd St Pete Beach, FL 33706-2408
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-5570775
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1974
Construction
CONCRETE BLOCKS
Total area
115,357 SF
Lot
2.42 ac (105,542 SF)
APN
06-32-16-00000-320-0500
UPID
US18-5570775
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
-
Universal Auto Transport Trucking Company
-
ATM Atm
-
Bellwether Beach Resort Hotel & Motel Resort
-
Grand Plaza Hotel - St. Pete Beach Hotel & Motel
-
Bongos Beach Bar and Grille Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$83.73M
Blend (final)
Blend
$83.73M
Owner & transaction history
Grand Plaza Hotel Owner LLC · 7 yrs held
Grand Plaza Hotel Owner LLC
since 2018
4 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 St Pete Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs St Pete 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
Blend value · Realmo final
$83.73M
Range $75.35M – $92.10M · ±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
$726 / 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
$627,042
Tax year 2023
Assessed value
$43,000,000
Assessed 2023
Previous assessed
$38,000,000
+13.2% YoY
Effective rate
1.46%
On assessed value
Land market value
$6,970,928
Improvement market value
$36,029,072
Total market value
$43,000,000
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/MOTEL
Status
Off-Market
Year built
1974
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
12
Units
156
Bathrooms
166
Total area
115,357 SF
Lot
2.42 ac (105,542 SF)
APN
06-32-16-00000-320-0500
UPID
US18-5570775
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
Building & site characteristics
From public records
Year built
1974
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
12
Units
156
Bathrooms
166
Lot
2.42 ac
Current owner
From public records · entity-resolved
Grand Plaza Hotel Owner LLC
Entity
Mailing address
2700 TIGERTAIL AVE, MIAMI, FL 33133-5318
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2022
—
Grand Plaza Hotel Owner LLC
—
Deed
related
$105,000,000 · Aareal Capital Corporation
Dec 26, 2018
$76,000,000
Grand Plaza Hotel Owner LLC
Grand Plaza Resorts INC
Grant Deed
$45,600,000 · Grand Plaza Resorts INC
Aug 28, 2018
—
Sfmb St Pete Beach LLC
Mcenery,john T
Grant Deed
related
—
Feb 16, 2006
$15,400,000
Grand Plaza Resorts INC
National Realty Holdings INC
Grant Deed
$9,150,000 · Bank Of America
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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