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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Hotels
6915 Dixie Hwy West Palm Beach, FL 33405-4603
Trust Owned
13-yr Hold
Free & Clear
Property ID
US18-2734345
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1957
Construction
WOOD
Total area
4,602 SF
Lot
0.36 ac (15,795 SF)
Zoning code
NC
APN
74-43-44-09-05-000-1790
UPID
US18-2734345
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
-
Economy Inn West Palm Beach Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
$535k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
Patel,suresh & Vandita Trust · 13 yrs held
Patel,suresh & Vandita Trust
since 2013
1 recorded transaction
Zoning & alternative use
NC · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
. 94-136-94-140. - Reserved. ARTICLE V. - COMMERCIAL DISTRICTS Sec. 94-141. - Intent. Sec. 94-142. - General development standards. Sec. 94-143. - Office commercial (OC) district. Sec. 94-144. - Neighborhood commercial (NC) district. Sec. 94-145. - General commercial (GC) district. Sec. 94-146. - Commercial marine (CM) district. Sec. 94-147. - Reserved. Sec.…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
115.64 ac
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 West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Palm 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
$415,000
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$535,000
7%
$495,000
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$127 / 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
$11,493
Tax year 2023
Assessed value
$527,714
Assessed 2023
Previous assessed
$481,959
+9.5% YoY
Effective rate
2.18%
On assessed value
Assessed land
$313,513
Assessed improvement
$214,201
Land market value
$313,513
Improvement market value
$214,201
Total market value
$527,714
Applied tax rate
74,982.0000
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
1957
Construction
WOOD
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
15
Rooms
15
Bathrooms
48
Total area
4,602 SF
Lot
0.36 ac (15,795 SF)
Zoning code
NC
APN
74-43-44-09-05-000-1790
UPID
US18-2734345
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NC · West Palm Beach, FLZoning NC · permitted uses
NC · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
. 94-136-94-140. - Reserved. ARTICLE V. - COMMERCIAL DISTRICTS Sec. 94-141. - Intent. Sec. 94-142. - General development standards. Sec. 94-143. - Office commercial (OC) district. Sec. 94-144. - Neighborhood commercial (NC) district. Sec. 94-145. - General commercial (GC) district. Sec. 94-146. - Commercial marine (CM) district. Sec. 94-147. - Reserved. Sec. 94-148. - Professional office residential (POR) district. Sec. 94-149. - Railroad
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
115.64 ac
Building & site characteristics
From public records
Year built
1957
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
15
Rooms
15
Bathrooms
48
Lot
0.36 ac
Current owner
From public records · entity-resolved
Patel,suresh & Vandita Trust
Trust
Free & Clear · 13 yrs held
Mailing address
757 US HWY 1ST 1, NORTH PALM BEACH, FL 33408-4412
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2013
—
Patel,suresh & Vandita Trust
Patel,suresh B & Vandita S
Quit Claim Deed
related
—
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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