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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Motels
3954 State Rd 47 Lake City, FL 32024-4808
Entity Owned
16-yr Hold
Free & Clear
Property ID
US18-1982533
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1964
Construction
FRAME
Total area
7,750 SF
Lot
9.09 ac (395,960 SF)
Zoning code
CHI
APN
30-4S-17-08887-000
UPID
US18-1982533
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
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$596k
Blend (final)
Blend
$570k
Owner & transaction history
Manhattan Mortgage Co INC · 16 yrs held
Manhattan Mortgage Co INC
since 2009
4 recorded transactions
Zoning & alternative use
CHI · Lake City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$855,000
+173.8%
Commercial (general)
$835,000
+166.7%
Medical building
$585,000
+87.0%
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 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
by Request
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$855,000
Change: +174% · Conversion: Difficult
COMMERCIAL (GENERAL)
$835,000
Change: +167% · Conversion: Difficult
MEDICAL BUILDING
$585,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$575,000
Change: +84% · Conversion: Difficult
WAREHOUSE, STORAGE
$570,000
Change: +81% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$495,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$460,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$74 / 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
$27,976
Tax year 2023
Assessed value
$1,557,322
Assessed 2023
Previous assessed
$1,505,130
+3.5% YoY
Effective rate
1.80%
On assessed value
Assessed land
$513,585
Assessed improvement
$1,043,737
Land market value
$513,585
Improvement market value
$1,043,737
Total market value
$1,557,322
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1964
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
3
Total area
7,750 SF
Lot
9.09 ac (395,960 SF)
Zoning code
CHI
APN
30-4S-17-08887-000
UPID
US18-1982533
Jurisdiction
COLUMBIA
Zoning & alternative use
CHI · Lake City, FL
Zoning CHI · permitted uses
CHI · 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
$855,000
COMMERCIAL (GENERAL)
Est. value
$835,000
MEDICAL BUILDING
Est. value
$585,000
AUTO REPAIR, GARAGE
Est. value
$575,000
WAREHOUSE, STORAGE
Est. value
$570,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$495,000
RETAIL STORES
Est. value
$460,000
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1964
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
3
Lot
9.09 ac
Current owner
From public records · entity-resolved
Manhattan Mortgage Co INC
Entity
Free & Clear · 16 yrs held
Mailing address
1872 MONTREAL RD, TUCKER, GA 30084-5709
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2022
—
Manhattan Loan Company
—
Deed
related
$2,000,000 · United States Small Business Admin
Dec 3, 2009
—
Manhattan Mortgage Co INC
Manhattan Loan Co INC
Quit Claim Deed
—
Sep 3, 2004
$1,400,000
Manhattan Loan Co
Stepp Properties Inv INC
Warranty Deed
related
$719,500 · Zions First National Bank
Sep 3, 2004
$200,000
Manhattan Loan Co
Stepp Properties Inv INC
Warranty Deed
related
$500,000 · Stepp Properties Inv INC
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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