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    2337 Us-19 Holiday, FL 34691

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    2337 Us-19 Holiday, FL 34691

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    • Hospitality properties
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    • Hospitality properties

    Property Details for 2337 Us-19

    Property type
    Hospitality properties
    Property subtype
    Hotels

    Description

    This exceptional 148-key hotel in Holiday, Florida, presents a compelling investment opportunity. Situated on 3.04 acres along US Highway 19, a major north-south thoroughfare boasting 65,000 vehicles daily, this property enjoys unparalleled visibility and accessibility. Recent renovations include new exterior paint, pavers for the entrance and pool deck, updated windows, and new HVAC units in all 148 guest rooms. The hotel features a state-of-the-art property management system, enhanced Wi-Fi, and a remote-accessible security camera system. Ample on-site parking is available. The property includes a turn-key bar and restaurant, currently closed, offering potential for owner-operation or lease. Five buildings (four are two-story) are arranged in a courtyard style around a large, solar-heated pool and Polynesian Tiki-bar themed area. This location offers proximity to Pinellas County beaches and Pasco County attractions like Tarpon Springs. A significant advantage is the potential for rezoning to multi-family or extended-stay use, catering to the rapidly growing Pasco County market with new retail developments underway. This turnkey operation generates strong revenue as a hotel and offers diverse future development possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Holiday
    County
    Pasco
    State
    Florida
    Longitude
    -82.7408
    Latitude
    28.1934

    Comparable in this City

    • Value Estimation
      $5,695,000
      13,824 SF

      2337 Us Hwy 19

      HOTEL/MOTEL • 13,824 SF
      2337 Us Hwy 19, Holiday, FL 34691-3940
      View Details
    • Value Estimation by Request
      3,669 SF

      1131 Us Hwy 19

      HOTEL/MOTEL • 3,669 SF
      1131 Us Hwy 19, Holiday, FL 34691-5638
      View Details
    • Value Estimation
      $3,030,000
      48,605 SF

      3060 Us Hwy 19

      HOTEL/MOTEL • 48,605 SF
      3060 Us Hwy 19, Holiday, FL 34691-2609
      View Details
    • Value Estimation by Request
      17.25 Acres

      Holiday, FL 34691

      WASTE DISPOSAL, SEWAGE • 17.25 Acres
      Holiday, FL 34691
      View Details
    • Value Estimation by Request
      0.06 Acres

      Holiday, FL 34691

      VACANT COMMERCIAL LAND • 0.06 Acres
      Holiday, FL 34691
      View Details
    • Value Estimation by Request
      0.87 Acres

      Holiday, FL 34691

      VACANT COMMERCIAL LAND • 0.87 Acres
      Holiday, FL 34691
      View Details

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      Commercial Land on US Highway

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      35.6 acres of land in a desirable Holiday location.
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    Similar Nearby for Lease

    • Contact for pricing

      Thriving Retail Center on US-19

      High-traffic retail center with national anchors and excellent visibility.
      3332 Us Highway 19, Holiday, FL 34691
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Prime commercial spaces for lease in Pappas Plaza.
      1814 Us Highway 19 U.S, Holiday, FL 34691
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    • $30 SF/Yr
      1,679 SF

      Retail Space on US Hwy 19

      Retail space with high traffic and frontage on US 19.
      1205 Us Highway 19, Holiday, FL 34691
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    • Contact for pricing
      8,570 SF

      Retail Building on US Highway

      8,570 SF retail building with excellent access and visibility.
      2123 Us Highway 19, Holiday, FL 34691
      View Details
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    2337 Us-19
    Holiday, FL 34691
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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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