Back to Search
Property profile & analytics
FOR SALE
Hotels
601 American Legion Dr Madeira Beach, FL 33708-2982
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-4989392
For Sale
1 / 18
$274,900
601 American Legion Dr, Madeira Beach, FL 33708-2982
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2015
Construction
CONCRETE BLOCKS
Total area
63,884 SF
Lot
1.49 ac (64,978 SF)
APN
03-31-15-25128-002-0010
UPID
US18-4989392
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
$35.56M
Blend (final)
Blend
$35.57M
Owner & transaction history
Shaner Madeira Beach LLC · 13 yrs held
Shaner Madeira Beach LLC
since 2012
7 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 Madeira Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madeira 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
Alternative Use
Use
Estimation
HOTEL/MOTEL
$42,720,000
Current use
RESTAURANT
$39,220,000
Change: -8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$34,250,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$35.57M
Range $32.01M – $39.12M · ±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
$557 / 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
$238,890
Tax year 2023
Assessed value
$14,800,000
Assessed 2023
Previous assessed
$14,250,000
+3.9% YoY
Effective rate
1.61%
On assessed value
Land market value
$1,379,496
Improvement market value
$13,420,504
Total market value
$14,800,000
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
For Sale
Year built
2015
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
4
Units
91
Bathrooms
103
Total area
63,884 SF
Lot
1.49 ac (64,978 SF)
APN
03-31-15-25128-002-0010
UPID
US18-4989392
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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$42.7M
RESTAURANT
Est. value
$39.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$34.3M
HOTEL/MOTEL Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2015
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
4
Units
91
Bathrooms
103
Lot
1.49 ac
Current owner
From public records · entity-resolved
Shaner Madeira Beach LLC
Entity
Mailing address
1965 WADDLE RD, STATE COLLEGE, PA 16803-1639
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2016
—
Shaner Madeira Beach LLC
—
Deed
related
$12,400,000 · C-iii Commercial Mortgage LLC
Oct 26, 2012
$2,000,000
Shaner Madeira Beach LLC
Santa Madeira Investment Partn
Grant Deed
$9,370,000 · Susquehanna Bank
Jan 17, 2007
$7,468,400
Madeira Beach Crp LLC
Madeira Shopping Centers INC
Grant Deed
related
$11,750,000 · Jackson National Life Ins Co
Oct 4, 2005
—
Madeira Shopping Centers INC
—
Deed Of Trust
related
$5,042,442 · Jackson National Life Ins Co
Aug 25, 2005
$5,300,000
Santa Madeira Inv Ptrs LLC
Jay-gee Dev LLC
Grant Deed
$6,450,000 · Amsouth Bank
Aug 25, 2005
—
Santa Madeira Inv Ptrs LLC
Owner,record
Grant Deed
related
—
Jan 29, 2004
$1,500,000
Jay Gee Development LLC
Glarus Partnership
Quit Claim Deed
$5,500,000 · Bank Of America
—
—
Shaner Madeira Beach LLC
—
Loan Modification
related
$9,370,000 · Susquehanna Bank
—
—
Santa Madeira Inv Ptrs LLC
—
Deed Of Trust
related
$1,365,000 · Gf Santa Madeira 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
