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Property profile & analytics
OFF-MARKET
Estimated value
$4,475,000
Hotels
285 Commerce Dr Lake City, FL 32025-1501
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-4466223
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1999
Construction
TYPE NOT SPECIFIED
Total area
25,843 SF
Lot
2.9 ac (126,324 SF)
Zoning code
CI
APN
35-3S-16-02563-003
UPID
US18-4466223
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
-
Quality Inn Lake City Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.48M
Owner & transaction history
Maheshwara LLC · 1 yrs held
Maheshwara LLC
since 2025
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
CI · Lake City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+173.8%
Commercial (general)
$2.7M
+158.9%
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
$4,205,000
ML approach
$4,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,855,000
Change: +174% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,700,000
Change: +159% · Conversion: Difficult
Blend value · Realmo final
$4.48M
Range $4.03M – $4.92M · ±10% · vs last sale $4.70M (Jan 27 2025)
Last sale anchor
$4.70M
Jan 27 2025
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
$173 / 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
$36,019
Tax year 2023
Assessed value
$1,678,978
Assessed 2023
Previous assessed
$1,686,408
-0.4% YoY
Effective rate
2.15%
On assessed value
Assessed land
$552,667
Assessed improvement
$1,126,311
Land market value
$552,667
Improvement market value
$1,126,311
Total market value
$1,678,978
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1999
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
WINDOW A/C
Stories
3
Rooms
55
Total area
25,843 SF
Lot
2.9 ac (126,324 SF)
Zoning code
CI
APN
35-3S-16-02563-003
UPID
US18-4466223
Jurisdiction
COLUMBIA
Zoning & alternative use
CI · Lake City, FL
Zoning CI · permitted uses
CI · 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
RESTAURANT
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.7M
RESTAURANT
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
1999
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
55
Lot
2.9 ac
Current owner
From public records · entity-resolved
Maheshwara LLC
Entity
Mailing address
285 SW COMMERCE DR, LAKE CITY, FL 32025-1501
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2025
$4,700,000
Maheshwara LLC
Akshar Motel LLC
Warranty Deed
$2,050,000 · Florida Cu
Apr 5, 2021
—
Akshar Motel LLC
—
Deed
related
$2,450,000 · Dogwood State Bank
Jun 28, 2019
—
Akshar Motel LLC
—
Deed
related
$2,350,000 · Campus USA Cu
Feb 9, 2017
$3,850,000
Akshar Motel LLC
Colfin J1h Ah1 Properties LLC
Special Warranty Deed
$3,436,000 · First Landmark Bank
Dec 28, 2012
—
Colfin Jih Ahi Properties LLC
—
Deed Of Trust
related
$175,000,000 · Us Bank NA 2006-whale 7 (te)
Aug 4, 2006
—
Jer/jameson Properties LLC
Jameson Inns INC
Deed
$175,000,000 · Wachovia Bank NA
Jun 26, 1998
$385,000
Jameson Inns INC
Patel,mahendra G
Grant Deed
—
Jan 20, 1998
$90,000
Mahendra G Patel
Loudermilk,cynthia S
Grant Deed
$90,000 · Seller
—
—
Akshar Motel LLC
—
Deed Of Trust
related
$2,350,000 · Campus USA Cu
—
—
Colfin Jih Ahi Properties LLC
—
Deed Of Trust
related
$88,125,000 · Delphi Cre Fndg
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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