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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Hotels
16305 162nd Ln Alachua, FL 32615-5215
Entity Owned
3-yr Hold
Free & Clear
Property ID
US19-0667585
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1992
Total area
18,608 SF
Lot
2 ac (87,120 SF)
Zoning code
CI
APN
03054-001-001
UPID
US19-0667585
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
$1.73M
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.47M
Owner & transaction history
Shree Laxmi Narayan INC · 3 yrs held
Shree Laxmi Narayan INC
since 2023
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
CI · Alachua, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.3M
+154.1%
Commercial (general)
$2.1M
+129.1%
Office building
$1.9M
+110.5%
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 Alachua submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alachua 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
$1,415,000
ML approach
$1,725,000
CAP Approach
CAP Return
Estimation
6%
$1,595,000
6.5%
$1,470,000
7%
$1,365,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$920,000
Current use
RETAIL STORES
$2,340,000
Change: +154% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,110,000
Change: +129% · Conversion: Difficult
OFFICE BUILDING
$1,940,000
Change: +110% · Conversion: Difficult
MEDICAL BUILDING
$1,820,000
Change: +97% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,485,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±10% · vs last sale $1.50M (May 23 2023)
Last sale anchor
$1.50M
May 23 2023
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
$79 / 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
$13,779
Tax year 2023
Assessed value
$1,093,300
Assessed 2023
Previous assessed
$471,463
+131.9% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,010,135
Assessed improvement
$83,165
Land market value
$1,010,135
Improvement market value
$83,165
Total market value
$1,093,300
Applied tax rate
1,700.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1992
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
2
Rooms
50
Bathrooms
51
Total area
18,608 SF
Lot
2 ac (87,120 SF)
Zoning code
CI
APN
03054-001-001
UPID
US19-0667585
Jurisdiction
ALACHUA
Zoning & alternative use
CI · Alachua, FL
Zoning CI · permitted uses
CI · Alachua, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alachua. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$920,000
RETAIL STORES
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
HOTEL/MOTEL Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1992
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
50
Bathrooms
51
Lot
2 ac
Current owner
From public records · entity-resolved
Shree Laxmi Narayan INC
Entity
Free & Clear · 3 yrs held
Mailing address
1800 S ATLANTIC AVE, DAYTONA BEACH, FL 32118-5004
Ownership since
2023
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
May 23, 2023
—
Shree Laxmi Narayan INC
Dwarkadfflsh Investments INC
Quit Claim Deed
related
—
Jun 6, 2014
$1,500,000
Dwarkadhish Investments INC
Nima INC
Warranty Deed
$1,125,000 · Nima INC
Sep 2, 2010
$50,000
Nima INC
Kap LLC Coc
Trustees Deed
—
Aug 9, 2006
$1,575,000
Kap LLC
Patel,sumant P & Charu S
Warranty Deed
—
Aug 9, 2006
—
Kap LLC
Nima INC
Deed Of Trust
related
$3,775,000 · Nima INC
—
—
Kap LLC
—
Deed Of Trust
related
$100,000 · Columbia 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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