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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Motels
4615 Opa Locka Ln Destin, FL 32541-0711
Individually Owned
~
Est. High Equity
Property ID
US18-9249615
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2001
Construction
FRAME
Total area
46,232 SF
Lot
2.89 ac (126,019 SF)
APN
00-2S-22-0985-0000-0030
UPID
US18-9249615
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
$1.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$644k
Blend (final)
Blend
$955k
Owner & transaction history
Desa P Portfolio Operating Lessee L
Desa P Portfolio Operating Lessee L
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Destin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Destin 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
$1,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,310,000
Current use
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$21 / 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
$52,625
Tax year 2023
Assessed value
$4,950,494
Assessed 2023
Previous assessed
$4,997,458
-0.9% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,025,126
Assessed improvement
$3,925,368
Land market value
$1,025,126
Improvement market value
$3,925,368
Total market value
$4,950,494
Applied tax rate
9.0000
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
2001
Construction
FRAME
Heating
FORCED AIR
Cooling
OTHER
Stories
3
Units
101
Rooms
34
Total area
46,232 SF
Lot
2.89 ac (126,019 SF)
APN
00-2S-22-0985-0000-0030
UPID
US18-9249615
Jurisdiction
OKALOOSA
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
$1.3M
HOTEL/MOTEL Current
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
2001
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
101
Rooms
34
Lot
2.89 ac
Current owner
From public records · entity-resolved
Desa P Portfolio Operating Lessee L
Individual
Mailing address
PO BOX 49550, CHARLOTTE, NC 28277-9550
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2025
—
Each Of Entities Identified On Sche
—
Deed
related
$193,500,000 · Jpmorgan Chase Bank NA
Oct 31, 2025
—
Desa P Portfolio Operating Lessee L
Esa P Portfolio LLC
Deed
—
Oct 4, 2021
—
Wells Fargo Bank
Jpmorgan Chase Bank
Assignment Of Lease (leasehold Sale)
—
Jun 29, 2021
—
Esa P Portfolio LLC
—
Deed
related
$4,650,000 · Jpmorgan Chase Bank NA
Sep 26, 2008
—
Esa Acquisition Properties LLC
Esa Acquisition Properties LLC
Quit Claim Deed
—
Sep 26, 2008
$20,400
Bruce K Chandler
Esa Acquisition Properties LLC
Warranty Deed
—
Aug 15, 2006
$9,700,000
Bre/esa Acquisition Properties LLC
Suburban Lodge Of Northwest Florida
Warranty Deed
$125,000,000 · Wells Fargo Bank NA
—
—
Suburban Ldg Of Northwest Fl LLC
—
Deed Of Trust
related
$4,000,000 · Colonial 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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