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Property profile & analytics
OFF-MARKET
Estimated value
$4,005,000
Motels
5815 Hwy A1a Melbourne Beach, FL 32951-3702
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4144273
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1979
Construction
WOOD
Total area
4,699 SF
Lot
0.9 ac (39,204 SF)
Zoning code
RU24
APN
29-38-14-00-00259.0-0000.00
UPID
US18-4144273
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
$4.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.01M
Owner & transaction history
Blue View Beach LLC · 4 yrs held
Blue View Beach LLC
since 2022
Last sale
$4.0M
5 recorded transactions
Zoning & alternative use
RU24 · Melbourne Beach, 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 Melbourne Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melbourne 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
$3,955,000
ML approach
$4,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.01M
Range $3.60M – $4.41M · ±10% · vs last sale $4.00M (Jan 5 2022)
Last sale anchor
$4.00M
Jan 5 2022
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
$852 / 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
$43,209
Tax year 2023
Assessed value
$3,410,040
Assessed 2023
Previous assessed
$3,370,890
+1.2% YoY
Effective rate
1.27%
On assessed value
Assessed land
$643,500
Assessed improvement
$2,766,540
Land market value
$643,500
Improvement market value
$2,766,540
Total market value
$3,410,040
Applied tax rate
3,400.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Units
5
Total area
4,699 SF
Lot
0.9 ac (39,204 SF)
Zoning code
RU24
APN
29-38-14-00-00259.0-0000.00
UPID
US18-4144273
Jurisdiction
BREVARD
Zoning & alternative use
RU24 · Melbourne Beach, FL
Zoning RU24 · permitted uses
RU24 · Melbourne Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melbourne Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Units
5
Lot
0.9 ac
Current owner
From public records · entity-resolved
Blue View Beach LLC
Entity
Mailing address
19410 ROYAL BIRKDALE DR, HIALEAH, FL 33015-2313
Ownership since
2022
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
Oct 4, 2024
—
Blue View Beach LLC
—
Deed
related
$3,400,000 · Us Century Bank
Jan 5, 2022
$4,000,000
Blue View Beach LLC
Tokamak Holdings LLC
Special Warranty Deed
$3,000,000 · Tokamak Holdings LLC
Apr 13, 2017
$2,100,000
Tokamak Holdings LLC
Tiara By The Sea INC
Grant Deed
—
Jun 18, 2012
—
Gerlak Joseph G Trust
Gerlak,marilyn J
Quit Claim Deed
related
—
—
—
Joseph Gerlak
—
Deed Of Trust
related
$575,000 · Indian River National Bank
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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