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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Motels
1201 Avenida Central Lady Lake, FL 32159-7725
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2190909
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1990
Construction
CONCRETE BLOCKS
Total area
480 SF
Lot
2.36 ac (102,802 SF)
APN
06-18-24-3000-000-00Y00
UPID
US18-2190909
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
Current use
Occupant on record · Public records
-
Wawa Gas Station
-
SureStay Plus By Best Western The Villages Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.34M
Owner & transaction history
North Star Florida Motel LLC · 4 yrs held
North Star Florida Motel LLC
since 2021
Last sale
$1.3M
6 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 Lady Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lady Lake 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
$1,420,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$815,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±10% · vs last sale $1.30M (Dec 22 2021)
Last sale anchor
$1.30M
Dec 22 2021
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
$2,792 / 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
$28,461
Tax year 2023
Assessed value
$1,639,260
Assessed 2023
Previous assessed
$1,503,895
+9.0% YoY
Effective rate
1.74%
On assessed value
Land market value
$820,974
Improvement market value
$818,286
Total market value
$1,639,260
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1990
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
2
Units
47
Bathrooms
48
Total area
480 SF
Lot
2.36 ac (102,802 SF)
APN
06-18-24-3000-000-00Y00
UPID
US18-2190909
Jurisdiction
LAKE
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
WAREHOUSE, STORAGE
Est. value
$815,000
WAREHOUSE, STORAGE
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
1990
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
2
Buildings
4
Units
47
Bathrooms
48
Lot
2.36 ac
Current owner
From public records · entity-resolved
North Star Florida Motel LLC
Entity
Mailing address
765 BROADVIEW AVE ORILLIA ONTARIO 3RD XX
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2022
—
North Star Florida Motel LLC
—
Deed
related
$2,100,000 · Citizens First Bank INC
Dec 22, 2021
$1,300,000
North Star Florida Motel LLC
Central Florida Lodging LLC
Special Warranty Deed
$1,300,000 · Central Florida Lodging LLC
Jun 30, 2010
$3,750,000
Villages Hospitality LLC
Central Florida Lodging LLC
Warranty Deed
$3,360,000 · Citizens State Bank
Apr 20, 2000
$1,824,900
Central Florida Lodging LLC
Villages Of Lake-sumter INC
Grant Deed
$4,400,000 · Fifth Third Bank Nw Ohio
—
—
Central Florida Lodging LLC
—
Deed Of Trust
related
$300,000 · Fifth Third Bank
—
—
Central Florida Lodging LLC
—
Deed Of Trust
related
$4,175,000 · Firstmerit Bank NA
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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