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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Motels
205 Commerce Dr Lake City, FL 32025-1501
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-3906353
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1983
Construction
FRAME
Total area
17,795 SF
Lot
1.21 ac (52,707 SF)
Zoning code
CG
APN
35-3S-16-02563-004
UPID
US18-3906353
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
-
Rodeway Inn Lake City I-75 Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$555k
Blend (final)
Blend
$520k
Owner & transaction history
Shri Om Enterprise LLC · 6 yrs held
Shri Om Enterprise LLC
since 2019
7 recorded transactions
Zoning & alternative use
CG · Lake City, FL
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 Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake City 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
$485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$720,000
Current use
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$29 / 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
$18,096
Tax year 2023
Assessed value
$793,460
Assessed 2023
Previous assessed
$781,096
+1.6% YoY
Effective rate
2.28%
On assessed value
Assessed land
$448,010
Assessed improvement
$345,450
Land market value
$448,010
Improvement market value
$345,450
Total market value
$793,460
Applied tax rate
1.0000
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
1983
Construction
FRAME
Heating
FORCED AIR
Cooling
WINDOW A/C
Rooms
44
Total area
17,795 SF
Lot
1.21 ac (52,707 SF)
Zoning code
CG
APN
35-3S-16-02563-004
UPID
US18-3906353
Jurisdiction
COLUMBIA
Zoning & alternative use
CG · Lake City, FL
Zoning CG · permitted uses
CG · Lake City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$720,000
HOTEL/MOTEL Current
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
1983
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Rooms
44
Lot
1.21 ac
Current owner
From public records · entity-resolved
Shri Om Enterprise LLC
Entity
Mailing address
205 SW COMMERCE DR, LAKE CITY, FL 32025-1501
Ownership since
2019
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 4, 2020
—
Shri Om Ent LLC
—
Deed
related
$482,000 · Td Bk NA
Oct 17, 2019
$1,340,000
Shri Om Enterprise LLC
Swami Investments INC
Warranty Deed
$775,500 · Td Bank NA
Oct 17, 2019
—
Shri Om Ent LLC
—
Deed
related
$465,300 · Td Bk NA
Mar 2, 2006
$1,180,000
Swami Investments INC
Sushila INC
Warranty Deed
$1,030,000 · Sushila INC
—
—
Shri Om Ent LLC
—
Deed Of Trust
related
$465,300 · Td Bk NA
—
—
Shri Om Ent LLC
—
Loan Modification
related
$482,000 · Td Bk NA
—
—
Swami Investments INC
—
Deed Of Trust
related
$60,000 · Mercantile 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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