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    551664 Us-1 Hilliard, FL 32046
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    551664 Us-1, Hilliard, FL 32046

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    • Hospitality properties
    • 10,480 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitality properties

    Property Details for 551664 Us-1

    Year built
    1950
    Property type
    Hospitality properties
    Property subtype
    Motels

    Description

    This exceptional value-add motel opportunity in Hilliard, Florida, presents a compelling investment prospect. The Dixie Motel boasts 20 keys across two single-story buildings totaling 10,480 square feet, constructed in 1950. Currently operating at 70% occupancy (projected to reach 100% by June 5th, 2024), the property generates a pro-forma NOI of $129,000, yielding a 13.59% pro-forma cap rate at an asking price of $995,000. The motel features a manager's apartment and a restaurant on the premises, offering additional income streams and potential for expansion. The concrete and block construction ensures low maintenance, while its convenient location provides easy access from major roads and ample parking. The property is zoned for hotels and motels (HOTELS & MOTELS-003900), offering flexibility for future development and upgrades. This established business presents a strong foundation for growth, with opportunities to increase occupancy and rental rates through targeted improvements and renovations. The existing weekly and monthly rental options provide a stable income base, while the on-site restaurant adds further diversification. This is an ideal entry point for investors seeking a proven hospitality asset with significant upside potential in a growing market. Showings are strictly by appointment only.

    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
    -81.9161
    Latitude
    30.6893

    Comparable in this City

    • Value Estimation by Request
      9,488 SF

      552428 Us-1

      Motels
      552428 Us-1, Hilliard, FL 32046
      View Details
    • Value Estimation by Request
      9,488 SF

      552428 Us Hwy 1st 1

      MOTEL
      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
      551664 Us Hwy 1st 1, Hilliard, FL 32046-8281
      View Details
    • Value Estimation by Request
      4,510 SF

      553777 Us Hwy 1st 1

      MOTEL
      553777 Us Hwy 1st 1, Hilliard, FL 32046-2827
      View Details
    • Value Estimation by Request
      6,137 SF

      554820 Us Hwy 1st 1

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

      Us Hwy 1st 1

      VACANT COMMERCIAL LAND
      Us Hwy 1st 1, Hilliard, FL 32046
      View Details

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    Hilliard, FL 32046
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    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
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