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Property profile & analytics
OFF-MARKET
Estimated value
$10,230,000
Hotels
2465 State Rd 16 Saint Augustine, FL 32092-0701
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-1032416
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
44,755 SF
Lot
2.35 ac (102,366 SF)
Zoning code
CHT
APN
087516 0000
UPID
US18-1032416
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
$10.23M
Blend (final)
Blend
$10.23M
Owner & transaction history
Ambama Investment LLC · 2 yrs held
Ambama Investment LLC
since 2023
6 recorded transactions
Zoning & alternative use
CHT · Saint Augustine, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$16.4M
+3.6%
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
$15,785,000
Current use
COMMERCIAL (GENERAL)
$16,360,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$10.23M
Range $9.21M – $11.25M · ±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
$229 / 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
$69,748
Tax year 2023
Assessed value
$6,804,800
Assessed 2023
Previous assessed
$4,077,200
+66.9% YoY
Effective rate
1.02%
On assessed value
Land market value
$751,132
Improvement market value
$6,053,668
Total market value
$6,804,800
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Total area
44,755 SF
Lot
2.35 ac (102,366 SF)
Zoning code
CHT
APN
087516 0000
UPID
US18-1032416
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
$15.8M
COMMERCIAL (GENERAL)
Est. value
$16.4M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
2.35 ac
Current owner
From public records · entity-resolved
Ambama Investment LLC
Entity
Mailing address
1300 N PONCE DE LEON BLVD, SAINT AUGUSTINE, FL 32084-3129
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2023
—
Ambama Investment LLC
Durga Investment LLC
Warranty Deed
$10,740,000 · Pinncacle Bank
May 20, 2022
—
Durga Investment LLC
—
Deed
related
$1,143,700 · United States Small Business Admin
Jun 1, 2018
—
Durga Investment LLC
—
Deed
related
$5,794,000 · Ameris Bk
Jun 19, 2017
$6,050,000
Durga Investment LLC
Vision Hotels INC
Warranty Deed
$20,278 · Ameris Bank
—
—
Vision Hotels INC
—
Deed Of Trust
related
$2,778,287 · First Atlantic Bank
—
—
Durga Investment LLC
—
Loan Modification
related
$5,794,000 · Ameris Bk
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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