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Property profile & analytics
OFF-MARKET
Estimated value
$9,285,000
Hotels
538 Corporate Dr Lake City, FL 32024-3172
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-6071009
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
52,014 SF
Lot
3 ac (130,680 SF)
Zoning code
CG
APN
02-4S-16-02714-313
UPID
US18-6071009
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 Lake City Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.29M
Owner & transaction history
Radha Lake City LLC · 4 yrs held
Radha Lake City LLC
since 2022
Last sale
$10.3M
7 recorded transactions
Zoning & alternative use
CG · Lake City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.8M
+173.8%
Commercial (general)
$5.6M
+166.7%
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 Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake City 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
$9,100,000
ML approach
$7,435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,750,000
Change: +174% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,600,000
Change: +167% · Conversion: Difficult
Blend value · Realmo final
$9.29M
Range $8.36M – $10.21M · ±10% · vs last sale $10.30M (Jan 26 2022)
Last sale anchor
$10.30M
Jan 26 2022
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
$179 / 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
$86,669
Tax year 2023
Assessed value
$4,145,806
Assessed 2023
Previous assessed
$4,085,361
+1.5% YoY
Effective rate
2.09%
On assessed value
Assessed land
$888,624
Assessed improvement
$3,257,182
Land market value
$888,624
Improvement market value
$3,257,182
Total market value
$4,145,806
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Rooms
89
Total area
52,014 SF
Lot
3 ac (130,680 SF)
Zoning code
CG
APN
02-4S-16-02714-313
UPID
US18-6071009
Jurisdiction
COLUMBIA
Zoning & alternative use
CG · Lake City, FL
Zoning CG · permitted uses
CG · Lake City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.6M
RESTAURANT
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Rooms
89
Lot
3 ac
Current owner
From public records · entity-resolved
Radha Lake City LLC
Entity
Mailing address
231 NW BURK AVE STE 107B, LAKE CITY, FL 32055-3704
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2022
$10,300,000
Radha Lake City LLC
Ahip Fl Lake City Properties LLC
Special Warranty Deed
$7,250,000 · Argentic Real Estate Finance LLC
Aug 17, 2020
—
Ahip Fl Lake City Properties L
—
Deed
related
$100,000,000 · Bank Of Montreal
Mar 20, 2018
—
Ahip Fl Lk City Prop LLC
—
Grant Deed
related
$40,000,000 · Bank Of Montreal
Oct 28, 2016
$9,097,500
Ahip Fl Lake City Properties L
Jaiguru Investments INC
Grant Deed
—
Aug 28, 2006
$450,000
Jaiguru Investments INC
Desai Ents LLC
Warranty Deed
—
Feb 3, 2006
$285,000
Desai Ents LLC
Crapps Daniel
Grant Deed
—
—
—
Jaiguru Investments INC
—
Loan Modification
related
$6,125,007 · Regions Bank
—
—
Jaiguru Investments INC
—
Deed Of Trust
related
$6,600,000 · Regions Bank
—
—
Ahip Fl Lake City Properties L
—
Deed Of Trust
related
$100,000,000 · Bank Of Montreal
—
—
Jaiguru Investments INC
—
Deed Of Trust
related
—
—
—
Jaiguru Investments INC
—
Deed Of Trust
related
$6,600,000 · Regions 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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