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Property profile & analytics
OFF-MARKET
Estimated value
$10,510,000
Motels
137 San Marco Ave Saint Augustine, FL 32084-3264
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-1021940
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,580 SF
Lot
2.66 ac (115,695 SF)
APN
190920 0000
UPID
US18-1021940
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
-
The Old Senator Tree Tour Operator
-
Villa 1565 Hotel Historic St. Augustine FL Hotel & Motel
-
Island Fine Art Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.92M
Blend (final)
Blend
$10.51M
Owner & transaction history
Ndrvn LLC · 3 yrs held
Ndrvn LLC
since 2022
Last sale
$12.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.7M
+131.9%
Restaurant
$7.9M
+17.0%
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 Saint Augustine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Augustine 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
$10,200,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,755,000
Current use
COMMERCIAL (GENERAL)
$15,670,000
Change: +132% · Conversion: Difficult
RESTAURANT
$7,905,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$10.51M
Range $9.46M – $11.56M · ±10% · vs last sale $12.25M (Aug 1 2022)
Last sale anchor
$12.25M
Aug 1 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
$634 / 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
$208,173
Tax year 2023
Assessed value
$10,735,100
Assessed 2023
Previous assessed
$5,076,300
+111.5% YoY
Effective rate
1.94%
On assessed value
Land market value
$2,313,640
Improvement market value
$8,421,460
Total market value
$10,735,100
Applied tax rate
452.0000
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
16,580 SF
Lot
2.66 ac (115,695 SF)
APN
190920 0000
UPID
US18-1021940
Jurisdiction
ST JOHNS
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
HOTEL/MOTEL Current
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$15.7M
RESTAURANT
Est. value
$7.9M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Lot
2.66 ac
Current owner
From public records · entity-resolved
Ndrvn LLC
Entity
Mailing address
404 LABARRE CT, SAINT JOHNS, FL 32259-4024
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2022
$12,250,000
Ndrvn LLC
Mohini Hospitality LLC
Warranty Deed
—
May 4, 2005
$2,900,000
Mohini Hospitality LLC
Axar Hospitality LLC
Warranty Deed
$1,950,000 · Fidelity Bank Of Florida NA
Nov 15, 2002
$2,500,000
Axar Hospitality LLC
Howard Johnson Partnership
Grant Deed
$675,000 · General Electric Capital Corp
Oct 4, 1999
—
Howard Johnson Partnership
Bhoola,mohan J
Grant Deed
$2,000,000 · Peoples First Community Bank
Mar 29, 1999
$60,000
Elite Hospitality Corp
Bhoola,mohan J
Grant Deed
—
—
—
Mohini Hospitality LLC
—
Deed Of Trust
related
$1,500,000 · Centerstate Bk NA
—
—
Mohini Hospitality LLC
—
Deed Of Trust
related
$635,753 · Fidelity Bank Florida
—
—
Mohini Hospitality LLC
—
Deed Of Trust
related
$1,900,000 · Harbor Cmnty Bk
—
—
Mohini Hospitality LLC
—
Loan Modification
related
$1,900,000 · Centerstate Bk NA
—
—
Mohini Hospitality LLC
—
Loan Modification
related
$711,782 · Centerstate Bk NA
—
—
Mohini Hospitality LLC
—
Loan Modification
related
$1,453,250 · Centerstate Bk NA
—
—
Mohini Hospitality LLC
—
Deed Of Trust
related
$184,139 · Fidelity Bank Florida
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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