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    460 Lane Ave Jacksonville, FL 32254

    For Sale
    $5,500,000

    76-Room Inn, High ROI Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 76-key motel in Jacksonville, Florida, presents a lucrative investment opportunity. Located at 460 Lane Ave S, in Duval County, zip code 32254 (30.3181755, -81.7536899), this property boasts a strong pro-forma NOI of $750,000, translating to an attractive pro-forma cap rate of 13.64%. The asking price is $5,500,000. The motel's convenient location near downtown Jacksonville offers significant potential for increased occupancy and revenue. Furthermore, the property includes additional undeveloped land, presenting exciting possibilities for future expansion or development, adding considerable value to the investment. This is a rare chance to acquire a well-established hospitality asset with substantial upside potential in a thriving Florida market. The property is classified as a motel within the hospitality sector. Detailed financial information is available upon request. This is a turnkey operation ready for a new owner to step in and capitalize on its existing success and future growth opportunities. Don't miss this chance to own a piece of Jacksonville's vibrant hospitality scene.

    Property Features for 460 Lane Ave

    General Information

    Property type
    Motels

    HighLights

    • $5,500,000 asking price.
    • Hospitality property; Motel subtype.
    • 76‑key motel.
    • Pro‑forma NOI of $750,000.
    • Pro‑forma cap rate of 13.64%.
    • Located near downtown Jacksonville, FL, at 460 Lane Ave S, Jacksonville, FL 32254.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Knights Inn Jacksonville ... Hotel Jax Inn motel ... Motel CoinFlip Bitcoin ATM Atm Campbell Fast Quotes Auto Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7536899
    Latitude
    30.3181755

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    FAQs

    What type of property is this?
    Motel - 76-Room Inn, High ROI Potential
    Where is this motel located?
    The property is located at 460 Lane Ave Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: $5,500,000 asking price.; Hospitality property; Motel subtype.; 76-key motel.
    Request Owner's contact information
    460 Lane Ave Jacksonville, FL 32254
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    Jacksonville, FL 32254
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    Realmo Value Estimation

    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.

    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.

    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
    460 Lane Ave Jacksonville, FL 32254
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