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Property profile & analytics
OFF-MARKET
Estimated value
$2,465,000
Hotels
1220 Main St Dunedin, FL 34698-5325
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-8904917
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1957
Construction
CONCRETE BLOCKS
Total area
3,960 SF
Lot
0.65 ac (28,279 SF)
APN
26-28-15-00000-240-0800
UPID
US18-8904917
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Dunedin Cove Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.47M
Blend (final)
Blend
$2.47M
Owner & transaction history
Shivnit INC · 17 yrs held
Shivnit INC
since 2009
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 Dunedin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dunedin 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.47M
Range $2.22M – $2.71M · ±10%
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
$622 / 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
$15,510
Tax year 2023
Assessed value
$885,000
Assessed 2023
Previous assessed
$845,000
+4.7% YoY
Effective rate
1.75%
On assessed value
Land market value
$390,358
Improvement market value
$494,642
Total market value
$885,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1957
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
10
Bathrooms
23
Total area
3,960 SF
Lot
0.65 ac (28,279 SF)
APN
26-28-15-00000-240-0800
UPID
US18-8904917
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1957
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
10
Bathrooms
23
Lot
0.65 ac
Current owner
From public records · entity-resolved
Shivnit INC
Entity
Mailing address
1220 MAIN ST, DUNEDIN, FL 34698-5325
Ownership since
2009
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
Mar 25, 2009
$1,035,000
Shivnit INC
First Citrus Bank
Grant Deed
$905,000 · First Citrus Bank
Oct 10, 2008
$300,100
First Citrus Bank
Ideal Property Mgmt Corp
Trustees Deed
related
—
Jan 10, 2007
$1,337,000
Ideal Property Management Corp
Holiday House Motel INC
Warranty Deed
$929,585 · First Citrus Bank
Jul 26, 2005
—
Holiday House Motel INC
A & D LLC
Quit Claim Deed
related
—
Nov 3, 2000
$250,000
Holiday House Motel INC
Wilder Corp Of Delaware
Grant Deed
—
—
—
Shivnit INC
—
Loan Modification
related
—
—
—
Ideal Property Management Corp
—
Deed Of Trust
related
$50,000 · First Citrus Bank
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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