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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Hotels
541 Gulf Dr Sanibel, FL 33957-5005
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US18-4075394
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1964
Construction
FRAME
Total area
2,160 SF
Lot
1.59 ac (69,064 SF)
APN
20-46-23-T3-01907.0150
UPID
US18-4075394
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
-
Seaside Inn Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
Waldemar A Palutke · 24 yrs held
Waldemar A Palutke
since 2002
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+30.9%
Commercial (general)
$1.3M
+15.3%
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 Sanibel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanibel 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
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,165,000
Current use
AUTO REPAIR, GARAGE
$1,525,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,340,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±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
$576 / 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
$63,112
Tax year 2023
Assessed value
$4,368,308
Assessed 2023
Previous assessed
$11,248,984
-61.2% YoY
Effective rate
1.44%
On assessed value
Assessed land
$4,368,298
Assessed improvement
$10
Land market value
$4,368,298
Improvement market value
$10
Total market value
$4,368,308
Applied tax rate
10.0000
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/MOTEL
Status
Off-Market
Year built
1964
Construction
FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Bathrooms
32
Total area
2,160 SF
Lot
1.59 ac (69,064 SF)
APN
20-46-23-T3-01907.0150
UPID
US18-4075394
Jurisdiction
LEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.3M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
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
1964
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Bathrooms
32
Lot
1.59 ac
Current owner
From public records · entity-resolved
Waldemar A Palutke
Individual
Mailing address
949 SAND CASTLE RD, SANIBEL, FL 33957-3612
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2013
—
Bre Of Seaside Inn Owner LLC
—
Deed Of Trust
related
$196,006,653 · General Electric Capital Corp
Sep 30, 2009
—
Bre Of Seaside Inn Owner LLC
—
Deed Of Trust
related
$360,000,000 · Not Available Not Available
Mar 9, 2006
—
Bre Of Seaseide Inn Owner LLC
—
Deed Of Trust
related
$360,000,000 · Bear Stearns Commercial Mortgage INC Bear Stearns Commercial Mortgage INC
Jan 18, 2002
$50,000
Waldemar A Palutke
Palutke,tr
Grant Deed
related
$216,000 · Diversified Home Mortgage INC
Oct 6, 1998
$3,500,000
Meristar Sanibel Beach Co LLC
South Seas Properties Co LP
Grant Deed
—
Jan 6, 1997
$6,485,000
South Seas Properties Co Ltd
Florida Income Fund LP
Grant Deed
—
—
—
Bre Of Sanibel Inn Owner LLC
—
Deed Of Trust
related
$27,625,000 · Iberiabank
—
—
Bre Of Sanibel Inn Owner LLC
—
Deed Of Trust
related
$315,143 · General Electric Capital Corp
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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