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Property profile & analytics
OFF-MARKET
Hotels
201 1st St Bldg 1 Palatka, FL 32177-3739
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US18-2092951
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1978
Construction
STEEL FRAME
Total area
7,320 SF
Lot
3.87 ac (168,577 SF)
APN
42-10-27-6850-000.0-006.0
UPID
US18-2092951
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
-
Quality Inn & Suites Palatka Riverfront Hotel & Motel
-
Beef 'O' Brady's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Quality Riverfront LLC · 15 yrs held
Quality Riverfront LLC
since 2011
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 Palatka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palatka 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$86,284
Tax year 2023
Assessed value
$4,844,010
Assessed 2023
Previous assessed
$4,315,220
+12.3% YoY
Effective rate
1.78%
On assessed value
Land market value
$1,348,620
Improvement market value
$3,495,390
Total market value
$4,844,010
Applied tax rate
16.0000
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
1978
Construction
STEEL FRAME
Heating
CENTRAL
Total area
7,320 SF
Lot
3.87 ac (168,577 SF)
APN
42-10-27-6850-000.0-006.0
UPID
US18-2092951
Jurisdiction
PUTNAM
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
1978
Construction
STEEL FRAME
Heating
CENTRAL
Lot
3.87 ac
Current owner
From public records · entity-resolved
Quality Riverfront LLC
Entity
Mailing address
201 N 1ST ST, PALATKA, FL 32177-3739
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2017
—
Bright Hospitality LLC
—
Deed
related
$2,017,058 · Capital City Bank
Feb 2, 2011
—
Quality Riverfront LLC
Jpm Cibc20-quality Inn Hotel S
Quit Claim Deed
related
—
Jan 21, 2011
$1,400,000
Bright Hospitality LLC
Quality Riverfront LLC
Grant Deed
$903,000 · Quality Riverfront LLC
Jan 20, 2011
—
Jpm C1bc20-quality Inn
Jp Morgan Chase 2007 Cibc-20
Quit Claim Deed
related
—
Jan 20, 2011
$1,300,000
Quality Riverfront LLC
Jpm C1bc20- Quality Inn Hotel
Grant Deed
related
—
Jan 1, 2011
—
Bright Hospitality LLC
Owner Name Unavailable
Grant Deed
related
—
Jul 26, 2010
—
Jpm Cibc20-quality Inn Hotel S
Elite Hospitality III Coc
Trustees Deed
related
—
Jul 21, 2010
—
Jp Morgan Trust 2007-cibc20
Elite Hospitality III Coc
Trustees Deed
related
—
Jul 2, 2004
$3,850,000
Elite Hospitality III LLC
River Ventures INC
Grant Deed
$2,500,000 · First Community Bank
—
—
Elite Hospitality III LLC
—
Deed Of Trust
related
$2,500,000 · Cibc INC
—
—
Elite Hospitality INC
—
Deed Of Trust
related
$715,595 · First Community Bank
—
—
Bright Hospitality LLC
—
Loan Modification
related
$835,206 · Ameris Bk
—
—
Bright Hospitality LLC
—
Deed Of Trust
related
$2,997,000 · Certusbank NA
—
—
Bright Hospitality LLC
—
Deed Of Trust
related
$426,000 · Prosperity 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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