WHAT IS A HOBO ?. In detail ?.
What accuracy are you looking for ?.
One problem is the low frequency generated that if the Frequency to voltage is analog the DC output may have a lot of ripple, giving in-accuracies
A digital frequency counter may be better but it is a bit more complicated.
A digital counter measures the time between pulses and calculates the equivalent RPM or RPS that may present, the output is a digital value or a DC equivalent voltage.
There are commercially available for GRID frequency meters that are RPS ( Revolution per Second) like 50 or 50 HZ that if the sensor is properly "massaged" the meter may be usable for your aims -- some do present a DC voltage as you want.
How many pulse per rotation does the sensor give ?.
You may take advantage to increase the number of pulses by placing several other magnets for the sensor to give, let's say 10 times X pulses the RPM of the wheel, this way a simpler analog counter may help.
Placing enough additional magnets and the circuit calculated for the top MAXIMUM RPM.
There are several integrated circuits designed for such conversion that give a DC equivalent voltage.
You say 500 RPM if 10 pulses then the equivalent is 5000 RPM divided by 60 seconds is 83.3 RPS OR HERTZ, readable by those commercial units.
You worry would be the lowest frequency capabilities.
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