460 Lane Ave S Jacksonville, FL 32254
Property profile & analytics
460 Lane Ave S Jacksonville, FL 32254
- Motels
- 17,509 SF
- 2.48 lot acres
Property ID
US18-3239390
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Knights Inn Jacksonville at S Lane Ave / Hotel & Motel
- Jax Inn motel Jacksonville , FL / Hotel & Motel
- CoinFlip Bitcoin ATM / Money Transfer Service / Atm
- Campbell Fast Quotes / Insurance Agency
Property Details for 460 Lane Ave S
- Year built
- 1973
- Construction
- WOOD
- Lot size
- 2.48 lot acres
- Property size
- 17,509 SF
- Zone code
- CCG-1
- Property type
- Motels
- APN
- 005186-0000
- APU
- 51860000
Description
This exceptional 76-key motel in Jacksonville, Florida, presents a lucrative investment opportunity. Located at 460 Lane Ave S, in Duval County, zip code 32254 (30.3181755, -81.7536899), this property boasts a strong pro-forma NOI of $750,000, translating to an attractive pro-forma cap rate of 13.64%. The asking price is $5,500,000. The motel's convenient location near downtown Jacksonville offers significant potential for increased occupancy and revenue. Furthermore, the property includes additional undeveloped land, presenting exciting possibilities for future expansion or development, adding considerable value to the investment. This is a rare chance to acquire a well-established hospitality asset with substantial upside potential in a thriving Florida market. The property is classified as a motel within the hospitality sector. Detailed financial information is available upon request. This is a turnkey operation ready for a new owner to step in and capitalize on its existing success and future growth opportunities. Don't miss this chance to own a piece of Jacksonville's vibrant hospitality scene.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,250,000
- ML approach
- $4,360,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,936,000
Market price range: $1.79M - $4.25M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $2,980,000 Current use
- COMMERCIAL (GENERAL)
- $4,415,000 Change: +48% Conversion: Difficult
- OFFICE BUILDING
- $4,050,000 Change: +36% Conversion: Difficult
- MEDICAL BUILDING
- $4,000,000 Change: +34% Conversion: Difficult
- RETAIL STORES
- $3,170,000 Change: +6% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $2,890,000 Change: -3% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,810,000 Change: -6% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.7533
- Latitude
- 30.3181
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$53,424
$307,800
$3,033,300
$3,341,100
-
$307,800
$3,033,300
$3,341,100
