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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Hotels
4888 Lenoir Ave Jacksonville, FL 32216-6022
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US18-5338618
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
60,883 SF
Lot
2.05 ac (89,158 SF)
Zoning code
CCG-1
APN
152837-1505
UPID
US18-5338618
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
-
Fairfield Inn & Suites Jacksonville Butler Boulevard Hotel & Motel
-
Mayport Naval Base Government Office
-
no limits christian fellowship Church
-
4888 Lenoir Avenue Parking Parking Lot & Garage
-
Tesla Destination Charger Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.22M
Owner & transaction history
Avak Hotels Group INC · 26 yrs held
Avak Hotels Group INC
since 1999
7 recorded transactions
Zoning & alternative use
CCG-1 · Jacksonville, FL
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 Jacksonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jacksonville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$36 / 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
$155,989
Tax year 2023
Assessed value
$8,643,500
Assessed 2023
Previous assessed
$8,629,800
+0.2% YoY
Effective rate
1.80%
On assessed value
Assessed land
$576,477
Assessed improvement
$8,067,023
Land market value
$576,477
Improvement market value
$8,067,023
Total market value
$8,643,500
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
5
Rooms
103
Bathrooms
332
Total area
60,883 SF
Lot
2.05 ac (89,158 SF)
Zoning code
CCG-1
APN
152837-1505
UPID
US18-5338618
Jurisdiction
DUVAL
Zoning & alternative use
CCG-1 · Jacksonville, FL
Zoning CCG-1 · permitted uses
CCG-1 · Jacksonville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jacksonville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
5
Rooms
103
Bathrooms
332
Lot
2.05 ac
Current owner
From public records · entity-resolved
Avak Hotels Group INC
Entity
Mailing address
32 AVENIDA MENENDEZ, SAINT AUGUSTINE, FL 32084-3644
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2025
—
Avak Hotels Group INC
—
Deed
related
$8,230,000 · Radiant Cu
Dec 30, 1999
$326,700
Avak Hotels Group INC
Two Harbert Center Partners
Grant Deed
—
—
—
Avak Hotels Group INC
—
Deed Of Trust
related
$8,247,041 · First Community Bank Sw Fl
—
—
Avak Hotels Group INC
—
Deed Of Trust
related
$3,039,582 · First Community Bank Sw Fl
—
—
Avak Hotels Group INC
—
Deed Of Trust
related
$1,532,500 · First Guaranty Bk & Tr Jackson
—
—
Avak Hotels Group INC
—
Deed Of Trust
related
$6,000,000 · First Guaranty Bk & Tr Jackson
—
—
Avak Hotels Group INC
—
Deed Of Trust
related
$8,247,041 · First Community Bank Sw Fl
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.
Try Rey
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