Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    552428 Us-1 Hilliard, FL 32046

    • Hospitality properties
    • 9,488 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitality properties

    Property Details for 552428 Us-1

    Year built
    1960
    Property size
    9,488 SF
    Property type
    Hospitality properties
    Property subtype
    Motels

    Description

    This 19-unit motel, situated on US-1 in Hilliard, Florida, presents a compelling value-add investment opportunity. The property, built in 1960, boasts a total of 9,488 square feet within a single, one-story building. Currently operating at 70% occupancy (as of June 5, 2024), the motel generates a Net Operating Income (NOI) of $109,728. A pro-forma NOI of $225,000 reflects the potential for significant income growth after renovations. The asking price is $995,000, representing an attractive 11.02% cap rate. Each of the 19 keys commands a weekly rental rate averaging $265-$275, with an after repair value (ARV) rent estimated at $295-$325 per week. The solid concrete exterior provides a strong foundation, although the property requires some attention. Necessary repairs include roof replacement, electrical work, and painting. Three rooms sustained fire damage and require substantial repairs to restore functionality. The property is zoned for hotels and motels (HOTELS & MOTELS-003900) and is conveniently located near Jacksonville, offering easy access and high visibility. The seller is motivated, potentially considering a 1031 exchange. This property is an excellent prospect for investors seeking a hands-on project with substantial upside potential. Prior appointments are required for viewing. Do not disturb tenants or employees.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hilliard
    County
    Nassau
    State
    Florida
    Longitude
    -81.9288
    Latitude
    30.7083

    Comparable in this City

    • Value Estimation by Request
      10,480 SF

      551664 Us-1

      Motels • 10,480 SF
      551664 Us-1, Hilliard, FL 32046
      View Details
    • Value Estimation
      $315,000
      9,488 SF

      552428 Us Hwy 1st 1

      MOTEL • 9,488 SF
      552428 Us Hwy 1st 1, Hilliard, FL 32046-2330
      View Details
    • Value Estimation by Request
      1,644 SF

      551664 Us Hwy 1st 1

      HOTEL/MOTEL • 1,644 SF
      551664 Us Hwy 1st 1, Hilliard, FL 32046-8281
      View Details
    • Value Estimation
      $325,000
      4,510 SF

      553777 Us Hwy 1st 1

      MOTEL • 4,510 SF
      553777 Us Hwy 1st 1, Hilliard, FL 32046-2827
      View Details
    • Value Estimation
      $330,000
      6,137 SF

      554820 Us Hwy 1st 1

      MOTEL • 6,137 SF
      554820 Us Hwy 1st 1, Hilliard, FL 32046-2846
      View Details
    • Value Estimation by Request
      0.71 Acres

      108 Cr

      VACANT COMMERCIAL LAND • 0.71 Acres
      108 Cr, Hilliard, FL 32046
      View Details

    Similar Nearby for Sale

    • $235,000

      Hilliard Land For Sale

      9.83 acre property zoned Open Rural in Hilliard, Florida.
      Wilkinson Rd, Hilliard, FL 32046
      View Details
    • $324,900
      7.61 Acres

      Hilliard, FL Commercial Land

      7.61 Acres with 611' frontage on US HWY 1.
      Us Highway 1, Hilliard, FL 32046
      View Details
    • $195,000

      10.21 Acres of Rural Land

      10.21-acre tract suitable for farming and recreation.
      11 Georgia St, Hilliard, FL 32046
      View Details
    • $119,000
      2.00 Acres

      Two Acre Parcel in Hilliard

      Two acre partially cleared land parcel in Hilliard, Florida.
      37125 Anna Marie Ln, Hilliard, FL 32046
      View Details
    • $235,000
      7.76 Acres

      Hilliard, FL Commercial Land

      7.76 acre commercial land parcel for sale in Hilliard.
      Hwy 1, Hilliard, FL 32046
      View Details
    • $5,197,500
      693.00 Acres

      Hilliard Timberland Investment

      693 Acres, Prime Nassau County Land
      00 Bay Rd, Hilliard, FL 32046
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    552428 Us-1
    Hilliard, FL 32046
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.