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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Motels
612 Wavecrest Ave, Indialantic, FL 32903-3232
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-5386209
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1952
Construction
WOOD
Total area
5,011 SF
Lot
0.12 ac (5,227 SF)
Zoning code
T
APN
27-38-31-EO-00039.0-0038.00
UPID
US18-5386209
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
$695k
Comparable Approach
Comparable
$374k
Blend (final)
Blend
$575k
Owner & transaction history
Robert E Randazzo JR. · 7 yrs held
Robert E Randazzo JR.
since 2019
7 recorded transactions
Zoning & alternative use
T · Indialantic, 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 Indialantic submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indialantic 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%
$755,000
6.5%
$695,000
7%
$645,000
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$115 / 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
$8,095
Tax year 2023
Assessed value
$496,850
Assessed 2023
Previous assessed
$451,640
+10.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$250,000
Assessed improvement
$246,850
Land market value
$250,000
Improvement market value
$246,850
Total market value
$496,850
Applied tax rate
54.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1952
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
4
Rooms
8
Total area
5,011 SF
Lot
0.12 ac (5,227 SF)
Zoning code
T
APN
27-38-31-EO-00039.0-0038.00
UPID
US18-5386209
Jurisdiction
BREVARD
Zoning & alternative use
T · Indialantic, FL
Zoning T · permitted uses
T · Indialantic, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indialantic. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1952
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
4
Rooms
8
Lot
0.12 ac
Current owner
From public records · entity-resolved
Robert E Randazzo JR.
Individual
Mailing address
612 WAVECREST AVE, INDIALANTIC, FL 32903-3232
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2021
—
Robert E Randazzo JR
—
Deed
related
$324,850 · Space Coast Cu
Feb 19, 2019
$62,500
Robert E Randazzo JR.
Randazzo,robert E JR & Carol K
Quit Claim Deed
related
—
Feb 12, 2019
—
Robert E Randazzo JR.
—
Deed
related
$100,000 · Space Coast Cu
Dec 26, 2018
$100
Robert E Randazzo JR.
Randazzo,robert E JR & Carol K
Warranty Deed
related
$458,000 · Space Coast Cu
Apr 19, 1996
—
Robert E Randazzo
—
Trustees Deed
related
$14,837 · Nationsbank
—
—
Robert E Randazzo JR.
—
Deed Of Trust
related
$100,000 · Space Coast Cu
—
—
Robert E Randazzo JR.
—
Deed Of Trust
related
$50,000 · Space Coast Cu
—
—
Robert E Randazzo JR.
—
Deed Of Trust
related
$291,234 · Space Coast Cu
—
—
Robert E Randazzo
—
Deed Of Trust
related
$54,120 · Home Loan & Investment Bank Fs
—
—
Roebrt E Randazzo
—
Deed Of Trust
related
$204,000 · Harbor Fsb
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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