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Property profile & analytics
OFF-MARKET
Estimated value
$9,675,000
Hotels
42 San Marco Ave Saint Augustine, FL 32084-3275
Individually Owned
24-yr Hold
Free & Clear
Property ID
US18-1021943
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,654 SF
Lot
0.81 ac (35,283 SF)
APN
194410 0000
UPID
US18-1021943
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
-
Spark by Hilton St. Augustine Historic District Hotel & Motel
-
Chiku Cafe & Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.67M
Blend (final)
Blend
$9.68M
Owner & transaction history
Vithalbhai C Patel · 24 yrs held
Vithalbhai C Patel
since 2002
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.1M
+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
$12,900,000
Current use
RESTAURANT
$15,090,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$9.68M
Range $8.71M – $10.64M · ±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
$65,201
Tax year 2023
Assessed value
$4,737,800
Assessed 2023
Previous assessed
$4,084,500
+16.0% YoY
Effective rate
1.38%
On assessed value
Land market value
$834,160
Improvement market value
$3,903,640
Total market value
$4,737,800
Applied tax rate
452.0000
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Total area
31,654 SF
Lot
0.81 ac (35,283 SF)
APN
194410 0000
UPID
US18-1021943
Jurisdiction
ST JOHNS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$12.9M
RESTAURANT
Est. value
$15.1M
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
0.81 ac
Current owner
From public records · entity-resolved
Vithalbhai C Patel
Individual
Free & Clear · 24 yrs held
Mailing address
42 SAN MARCO AVE, SAINT AUGUSTINE, FL 32084-3275
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
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
Mar 21, 2002
$286,500
Vithalbhai C Patel
Patel,kusumben
Grant Deed
related
—
—
—
Shree Vithalji INC
—
Loan Modification
related
$282,257 · Seacoast Nat'l Bk
—
—
Shree Vithalji INC
—
Deed Of Trust
related
$4,200,000 · First Green Bk
—
—
Shree Vithalji INC
—
Loan Modification
related
$400,000 · First Green Bk
—
—
Shree Vithalji INC
—
Loan Modification
related
$4,200,000 · First Green Bk
—
—
Vithalbhai C Patel
—
Deed Of Trust
related
$300,000 · First Federal Bank N Florida
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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