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Property profile & analytics
OFF-MARKET
Estimated value
$3,970,000
Motels
420 Anastasia Blvd Saint Augustine, FL 32080-4509
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-3265785
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,382 SF
Lot
1.1 ac (48,090 SF)
Zoning code
CL2
APN
218180 0000
UPID
US18-3265785
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
-
The Lion Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.97M
Blend (final)
Blend
$3.97M
Owner & transaction history
Chirag Hospitality LLC · 9 yrs held
Chirag Hospitality LLC
since 2016
7 recorded transactions
Zoning & alternative use
CL2 · Saint Augustine, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.4M
+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
$6,130,000
Current use
COMMERCIAL (GENERAL)
$6,355,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$3.97M
Range $3.57M – $4.37M · ±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
$228 / 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
$15,263
Tax year 2023
Assessed value
$750,200
Assessed 2023
Previous assessed
$657,000
+14.2% YoY
Effective rate
2.03%
On assessed value
Land market value
$480,990
Improvement market value
$269,210
Total market value
$750,200
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
WINDOW A/C
Buildings
2
Stories
1
Units
1
Total area
17,382 SF
Lot
1.1 ac (48,090 SF)
Zoning code
CL2
APN
218180 0000
UPID
US18-3265785
Jurisdiction
ST JOHNS
Zoning & alternative use
CL2 · Saint Augustine, FL
Zoning CL2 · permitted uses
CL2 · 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
$6.1M
COMMERCIAL (GENERAL)
Est. value
$6.4M
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
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Chirag Hospitality LLC
Entity
Mailing address
420 ANASTASIA BLVD, SAINT AUGUSTINE, FL 32080-4509
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Nov 17, 2016
$383,715
Chirag Hospitality LLC
Naresh Patel
Warranty Deed
$790,000 · Harbor Community Bank
—
—
Naresh G Patel
—
Deed Of Trust
related
$160,000 · Putnam State Bank
—
—
Naresh G Patel
—
Deed Of Trust
related
$684,149 · Putnam State Bank
—
—
Naresh Patel
—
Deed Of Trust
related
$77,000 · Putnam State Bank
—
—
Naresh G Patel
—
Deed Of Trust
related
$600,000 · Money Store Commercial Mtg
—
—
Naresh G Patel
—
Deed Of Trust
related
$157,410 · Putnam State Bank
—
—
Naresh G Patel
—
Deed Of Trust
related
$680,544 · Putnam State Bank
—
—
Naresh G Patel
—
Deed Of Trust
related
$735,000 · Putnam State Bank
—
—
Naresh G Patel
—
Deed Of Trust
related
$157,410 · Putnam State Bank
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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