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Property profile & analytics
OFF-MARKET
Estimated value
$7,450,000
Hotels
7200 George T Edwards Dr, Melbourne, FL 32940-6608
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US19-0751687
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1995
Construction
CONCRETE
Total area
47,283 SF
Lot
2.76 ac (120,226 SF)
Zoning code
TU2
APN
26-36-10-QH-00000.0-0004.00
UPID
US19-0751687
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
-
La Quinta Inn & Suites by Wyndham Melbourne Viera Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.45M
CAP Approach
CAP
$6.57M
Comparable Approach
Comparable
$9.02M
Blend (final)
Blend
$7.45M
Owner & transaction history
Tashiana LLC · 2 yrs held
Tashiana LLC
since 2024
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
TU2 · Melbourne, 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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melbourne 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
$7,450,000
ML approach
$7,450,000
CAP Approach
CAP Return
Estimation
6%
$7,115,000
6.5%
$6,570,000
7%
$6,100,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$10,565,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$7.45M
Range $6.71M – $8.20M · ±10% · vs last sale $7.45M (May 8 2024)
Last sale anchor
$7.45M
May 8 2024
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
$158 / 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
$68,304
Tax year 2023
Assessed value
$4,898,660
Assessed 2023
Previous assessed
$4,898,660
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,050,220
Assessed improvement
$3,848,440
Land market value
$1,050,220
Improvement market value
$3,848,440
Total market value
$4,898,660
Applied tax rate
4,200.0000
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
Status
Off-Market
Year built
1995
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
4
Units
103
Total area
47,283 SF
Lot
2.76 ac (120,226 SF)
Zoning code
TU2
APN
26-36-10-QH-00000.0-0004.00
UPID
US19-0751687
Jurisdiction
BREVARD
Zoning & alternative use
TU2 · Melbourne, FL
Zoning TU2 · permitted uses
TU2 · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melbourne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$10.6M
AUTO REPAIR, GARAGE
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
1995
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
103
Lot
2.76 ac
Current owner
From public records · entity-resolved
Tashiana LLC
Entity
Mailing address
5530 BUTLER NATIONAL DR, ORLANDO, FL 32812-3003
Ownership since
2024
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
Jun 18, 2025
—
Tashiana LLC
—
Deed
related
$4,000,000 · Inb National Association
May 8, 2024
$7,450,000
Tashiana LLC
Cavalier Florida LP
Special Warranty Deed
—
Mar 16, 2023
—
Cavalier Florida LP
—
Deed
related
$560,204,810 · Goldman Sachs Bank USA
Mar 11, 2022
—
Cavalier Florida LP
Cplg Fl Properties LLC
Special Warranty Deed
—
Jun 4, 2018
—
Cplg Fl Properties L L C
—
Deed
related
$103,500,000 · Jpmorgan Chase Bank NA
Dec 31, 2007
—
Bre Of Lq Fl Properties LLC
—
Deed Of Trust
related
—
May 14, 2007
—
Bre Of Lq Fl Properties LLC
La Quinta Properties INC
Grant Deed
$2,075,000,000 · Bank Of America
Sep 14, 2004
$6,201,600
Laquinta Properties INC
Marcus Fl LLC
Warranty Deed
—
Jul 9, 2004
—
B & G Trust I
B & G Realty INC
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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