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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Hotels
614 8th Ave Boynton Beach, FL 33435-3206
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US18-1907829
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1958
Construction
WOOD
Total area
5,309 SF
Lot
0.65 ac (28,270 SF)
Zoning code
R1A
APN
08-43-45-21-32-005-0190
UPID
US18-1907829
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
-
Stay Inn Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$940k
Owner & transaction history
R & C Hotels Corp · 16 yrs held
R & C Hotels Corp
since 2009
4 recorded transactions
Zoning & alternative use
R1A · Boynton 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 Boynton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boynton 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%
$800,000
6.5%
$735,000
7%
$685,000
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$177 / 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
$7,616
Tax year 2023
Assessed value
$646,847
Assessed 2023
Previous assessed
$584,165
+10.7% YoY
Effective rate
1.18%
On assessed value
Assessed land
$268,584
Assessed improvement
$378,263
Land market value
$268,584
Improvement market value
$378,263
Total market value
$646,847
Applied tax rate
8,984.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1958
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Units
15
Rooms
15
Total area
5,309 SF
Lot
0.65 ac (28,270 SF)
Zoning code
R1A
APN
08-43-45-21-32-005-0190
UPID
US18-1907829
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
R1A · Boynton Beach, FL
Zoning R1A · permitted uses
R1A · Boynton Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boynton Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1958
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
15
Rooms
15
Lot
0.65 ac
Current owner
From public records · entity-resolved
R & C Hotels Corp
Entity
Mailing address
614 NE 8TH AVE, BOYNTON BEACH, FL 33435-3206
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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
Jul 28, 2009
$780,000
R & C Hotels Corp
Patel Thakor G & S T Trust
Warranty Deed
$700,000 · Patel Thakor G & S T Tr (tr)
Nov 2, 2007
—
Thakor G Patel
Patel,thakorbhai & Saveta
Quit Claim Deed
related
—
—
—
Thakorbhai G Patel
—
Deed Of Trust
related
$232,835 · Wachovia Bank NA
—
—
R & C Hotels Corp
—
Loan Modification
related
$350,000 · Patel Thakor G Tr (pt)
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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