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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Hotels
1117 3rd SE Ave Steinhatchee, FL 32359-3364
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-6073143
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1970
Total area
4,772 SF
Lot
0.46 ac (20,038 SF)
APN
25-09-09-09769-000
UPID
US18-6073143
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$935k
Owner & transaction history
Lewis Land Holdings LLC · 3 yrs held
Lewis Land Holdings LLC
since 2022
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Steinhatchee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Steinhatchee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,180,000
ML approach
$1,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$640,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $750k (Dec 7 2022)
Last sale anchor
$750k
Dec 7 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$196 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,090
Tax year 2023
Assessed value
$379,570
Assessed 2023
Previous assessed
$199,220
+90.5% YoY
Effective rate
1.08%
On assessed value
Assessed land
$82,200
Assessed improvement
$297,370
Land market value
$82,200
Improvement market value
$297,370
Total market value
$379,570
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Cooling
CENTRAL
Units
1
Bathrooms
8
Total area
4,772 SF
Lot
0.46 ac (20,038 SF)
APN
25-09-09-09769-000
UPID
US18-6073143
Jurisdiction
TAYLOR
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$640,000
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Heating
FORCED AIR
Cooling
Yes
Units
1
Bathrooms
8
Lot
0.46 ac
Current owner
From public records · entity-resolved
Lewis Land Holdings LLC
Entity
Mailing address
8669 133RD RD, LIVE OAK, FL 32060-8842
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2022
$750,000
Lewis Land Holdings LLC
Heron House Apt Of Steinhatchee INC
Warranty Deed
$600,000 · Florida Cu
Dec 14, 2016
—
Susanna Creamer
—
Deed
related
$230,000 · Floyd Creamer
May 18, 2016
—
Heron House Apartments Of Steinha
Heron House Of Steinhatchee INC
Quit Claim Deed
—
Mar 11, 2016
$360,000
Heron House Apartments Of Steinha
Heron House Of Steinhatchee INC
Dual Purpose Document
$240,000 · Heron House/steinhatchee INC
Oct 30, 2007
—
Heron Hse Of Steinhatchee INC
Ricard,finley O
Warranty Deed
related
—
Aug 12, 2002
$35,000
Finley O Ricard
Michael,ruth K
Grant Deed
—
—
—
Susanna Creamer
—
Deed Of Trust
related
$230,000 · Floyd Creamer
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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