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Property profile & analytics
OFF-MARKET
Estimated value
$9,040,000
Hotels
2050 Ponce De Leon Blvd Saint Augustine, FL 32084-2622
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-3516375
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,574 SF
Lot
1.16 ac (50,704 SF)
APN
156630 0000
UPID
US18-3516375
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
-
Hampton Inn St. Augustine US1 North Hotel & Motel
-
Lightner Museum Museum
-
Tesla Destination Charger Electric Vehicle Charging Station
-
hall of fame, st augustine, fl Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.04M
Blend (final)
Blend
$9.04M
Owner & transaction history
San Marco Hotel II INC · 8 yrs held
San Marco Hotel II INC
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.1M
+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
by Request
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
$12,055,000
Current use
RESTAURANT
$14,100,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$9.04M
Range $8.14M – $9.94M · ±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
$306 / 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
$73,014
Tax year 2023
Assessed value
$5,727,600
Assessed 2023
Previous assessed
$4,940,200
+15.9% YoY
Effective rate
1.27%
On assessed value
Land market value
$1,013,660
Improvement market value
$4,713,940
Total market value
$5,727,600
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
3
Total area
29,574 SF
Lot
1.16 ac (50,704 SF)
APN
156630 0000
UPID
US18-3516375
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
$12.1M
RESTAURANT
Est. value
$14.1M
HOTEL/MOTEL Current
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Lot
1.16 ac
Current owner
From public records · entity-resolved
San Marco Hotel II INC
Entity
Mailing address
32 AVENIDA MENENDEZ, SAINT AUGUSTINE, FL 32084-3644
Ownership since
2018
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
Apr 18, 2018
—
San Marco Hotel II INC
Patel,kantibhai M & Kalavati K
Grant Deed
—
Sep 24, 1997
$2,684,350
Kantibhai M Patel
J & M Enterprises St Augustine
Grant Deed
—
—
—
San Marco Hotel II INC
—
Deed Of Trust
related
$4,000,000 · Centerstate Bk NA
—
—
Kantibhai M Patel
—
Deed Of Trust
related
$1,736,500 · First Guaranty Bk & Tr Jackson
—
—
San Marco Hotel II INC
—
Loan Modification
related
$3,772,814 · Centerstate Bk NA
—
—
Kantibhai M Patel
—
Deed Of Trust
related
$1,526,000 · First Guaranty Bk & Tr Jackson
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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