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Property profile & analytics
OFF-MARKET
Estimated value
$8,570,000
Motels
2310 State Rd 16 Saint Augustine, FL 32084-0550
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-5316705
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,040 SF
Lot
2.03 ac (88,427 SF)
Zoning code
CHT
APN
086630 0141
UPID
US18-5316705
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.57M
Blend (final)
Blend
$8.57M
Owner & transaction history
Bailey Leftover Lands LLC · 2 yrs held
Bailey Leftover Lands LLC
since 2023
7 recorded transactions
Zoning & alternative use
CHT · Saint Augustine, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.4M
+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
$11,425,000
Current use
RESTAURANT
$13,370,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$8.57M
Range $7.71M – $9.43M · ±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
$31,693
Tax year 2023
Assessed value
$3,432,000
Assessed 2023
Previous assessed
$2,713,800
+26.5% YoY
Effective rate
0.92%
On assessed value
Land market value
$1,503,259
Improvement market value
$1,928,741
Total market value
$3,432,000
Applied tax rate
450.0000
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
28,040 SF
Lot
2.03 ac (88,427 SF)
Zoning code
CHT
APN
086630 0141
UPID
US18-5316705
Jurisdiction
ST JOHNS
Zoning & alternative use
CHT · Saint Augustine, FL
Zoning CHT · permitted uses
CHT · Saint Augustine, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Augustine. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$11.4M
RESTAURANT
Est. value
$13.4M
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
2.03 ac
Current owner
From public records · entity-resolved
Bailey Leftover Lands LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2310 STATE RD 16, SAINT AUGUSTINE, FL 32084-0550
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
—
Bailey Leftover Lands LLC
John D Bailey JR
Deed
related
—
Nov 19, 2021
$920,000
Tvc St Augustine II Co LLC
Maxie R Thompson
Special Warranty Deed
$2,000,000 · Bay Point Capital Partners II LP
Nov 17, 2021
—
Tyd Of St Augustine LLC
Paul J Thompson
Deed
related
—
Mar 29, 2021
—
Tyd Of St Augustine LLC
Paul J Thompson
Deed
—
Oct 1, 2020
$2,110,000
St Augustine Cfa Property LLC
Tvc St Augustine I Co LLC
Grant Deed
related
—
Oct 11, 2019
$2,100,000
Tvc St Augustone I Co LLC
Paul J Thompson
Warranty Deed
—
Apr 17, 2017
—
Bailey,john D SR Trust
Bailey,john D SR & Margaret B
Quitclaim Deed
related
—
Dec 2, 2008
—
Siya Hotel LLC
R-kuber INC
Deed In Lieu Of Foreclosure
related
—
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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