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Property profile & analytics
OFF-MARKET
Motels
244 2nd Ct Crystal River, FL 34429-4172
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5009718
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,852 SF
Lot
0.45 ac (19,598 SF)
Zoning code
R2 MEDIUM DENSITY RES
APN
17E-18S-21-0120-015.0
UPID
US18-5009718
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
-
Crystal Blue Lagoon Bed & Breakfast Bed & Breakfast Restaurant
-
Water's Edge Paddleboard and Kayak Adventures Travel Agency Tour Operator
-
Crystalbluelagoonbb Bed & Breakfast Restaurant
-
Crystal Cove Bed & Breakfast Bed & Breakfast 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
Ramar Land Corporation · 2 yrs held
Ramar Land Corporation
since 2024
Last sale
$240,000
7 recorded transactions
Zoning & alternative use
R2 MEDIUM DENSITY RES · Crystal River, 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 Crystal River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crystal River 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
$8,917
Tax year 2023
Assessed value
$424,900
Assessed 2023
Previous assessed
$328,180
+29.5% YoY
Effective rate
2.10%
On assessed value
Assessed land
$409,500
Assessed improvement
$15,400
Land market value
$409,500
Improvement market value
$15,400
Total market value
$424,900
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
YES
Stories
2
Units
1
Bathrooms
4
Total area
1,852 SF
Lot
0.45 ac (19,598 SF)
Zoning code
R2 MEDIUM DENSITY RES
APN
17E-18S-21-0120-015.0
UPID
US18-5009718
Jurisdiction
CITRUS
Zoning & alternative use
R2 MEDIUM DENSITY RES · Crystal River, FL
Zoning R2 MEDIUM DENSITY RES · permitted uses
R2 MEDIUM DENSITY RES · Crystal River, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Crystal River. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Bathrooms
4
Lot
0.45 ac
Current owner
From public records · entity-resolved
Ramar Land Corporation
Entity
Mailing address
241 SE KINGS BAY DR, CRYSTAL RIVER, FL 34429-4715
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2024
$240,000
Ramar Land Corporation
John S Harvey
Warranty Deed
—
May 30, 2024
$2,400,000
Ramar Land Corporation
John S Harvey
Warranty Deed
—
Feb 10, 2022
—
John S Harvey
Sherry Lynn Marcum
Intrafamily Transfer
related
—
Mar 7, 2017
$410,000
Weve Met LLC
Dixon,kevin K
Warranty Deed
—
Oct 30, 2013
$200,000
Kevin K Dixon
Louis R Dosh
Personal Representative Deed
$160,000 · Centerstate Bank Of Florida NA
Oct 30, 2013
—
Kevin K Dixon
Dosh,louis R
Warranty Deed
—
—
—
Kevin K Dixon
—
Deed Of Trust
related
$50,000 · Old Florida Bank
—
—
Sidney P Dosh
—
Deed Of Trust
related
$100,000 · Suntrust Bank NA
—
—
Sidney P Dosh
—
Deed Of Trust
related
$50,000 · Suntrust Bank NA
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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