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Property profile & analytics
OFF-MARKET
Estimated value
$2,425,000
Motels
512 Anastasia Blvd Saint Augustine, FL 32080-4511
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US19-0459950
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1939
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,512 SF
Lot
0.33 ac (14,400 SF)
Zoning code
CL2
APN
218550 0000
UPID
US19-0459950
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
-
Island Shores Inn Hotel & Motel
-
The Local - St. Augustine Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.40M
Blend (final)
Blend
$2.43M
Owner & transaction history
The Local St Augustine LLC · 1 yrs held
The Local St Augustine LLC
since 2024
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
CL2 · Saint Augustine, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.8M
+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
$2,425,000
ML approach
$2,425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,705,000
Current use
COMMERCIAL (GENERAL)
$3,840,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$2.43M
Range $2.18M – $2.67M · ±10% · vs last sale $2.43M (Oct 8 2024)
Last sale anchor
$2.43M
Oct 8 2024
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
$231 / 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
$22,682
Tax year 2023
Assessed value
$1,163,300
Assessed 2023
Previous assessed
$1,013,446
+14.8% YoY
Effective rate
1.95%
On assessed value
Land market value
$504,000
Improvement market value
$659,300
Total market value
$1,163,300
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
1939
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
10,512 SF
Lot
0.33 ac (14,400 SF)
Zoning code
CL2
APN
218550 0000
UPID
US19-0459950
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
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.8M
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
1939
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
The Local St Augustine LLC
Entity
Mailing address
237 SUNSHINE DR, SAINT AUGUSTINE, FL 32086-1848
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2024
$2,425,000
The Local St Augustine LLC
Lead Hospitality INC
Special Warranty Deed
$1,250,000 · Climate First Bank
Aug 2, 2021
$1,200,000
Lead Hospitality INC
Island Shores Properties LLC
Warranty Deed
$1,134,900 · Barwick Banking Co
Apr 8, 2014
$450,000
Island Shores Properties LLC
Sunup Inn LLC
Warranty Deed
—
Jan 21, 2003
$350,000
Sunup Inn LLC
Gosat,tr
Grant Deed
—
—
—
Sunup Inn LLC
—
Deed Of Trust
related
$350,000 · Bank Of America
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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