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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Motels
542403 Us Hwy 1st 1, Callahan, FL 32011-3497
Entity Owned
~
Est. High Equity
Property ID
US18-4791384
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,375 SF
Lot
1.08 ac (47,077 SF)
Zoning code
CHT
APN
29-2N-25-3120-0001-0000
UPID
US18-4791384
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
Railway Flats LLC
Railway Flats LLC
since 2025
Last sale
$1.0M
3 recorded transactions
Zoning & alternative use
CHT · Callahan, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+93.9%
Office building
$1.3M
+75.7%
Restaurant
$900,000
+24.2%
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 Callahan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Callahan 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$725,000
Current use
COMMERCIAL (GENERAL)
$1,400,000
Change: +94% · Conversion: Difficult
OFFICE BUILDING
$1,270,000
Change: +76% · Conversion: Difficult
RESTAURANT
$900,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$800,000
Change: +11% · Conversion: Difficult
WAREHOUSE, STORAGE
$795,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$705,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$645,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Jun 22 2025)
Last sale anchor
$1.00M
Jun 22 2025
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
$136 / 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
$4,927
Tax year 2023
Assessed value
$454,613
Assessed 2023
Previous assessed
$349,018
+30.3% YoY
Effective rate
1.08%
On assessed value
Land market value
$341,360
Improvement market value
$173,352
Total market value
$514,712
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
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
NONE
Buildings
3
Stories
1
Units
1
Rooms
21
Bathrooms
2
Total area
7,375 SF
Lot
1.08 ac (47,077 SF)
Zoning code
CHT
APN
29-2N-25-3120-0001-0000
UPID
US18-4791384
Jurisdiction
NASSAU
Zoning & alternative use
CHT · Callahan, FL
Zoning CHT · permitted uses
CHT · Callahan, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Callahan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$900,000
AUTO REPAIR, GARAGE
Est. value
$800,000
WAREHOUSE, STORAGE
Est. value
$795,000
RETAIL STORES
Est. value
$705,000
MEDICAL BUILDING
Est. value
$645,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
MEDICAL BUILDING
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
1
Rooms
21
Bathrooms
2
Lot
1.08 ac
Current owner
From public records · entity-resolved
Railway Flats LLC
Entity
Mailing address
542403 US HWY 1ST 1, CALLAHAN, FL 32011-3497
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2025
$1,000,000
Railway Flats LLC
Haresh Kumar Patel
Special Warranty Deed
$1,200,000 · Dhc Private Lending LLC
Sep 7, 2021
$225,000
Haresh Kumar D Patel
Usha Patel
Warranty Deed
related
—
Aug 20, 1997
$100,000
Haresh K Patel
Patel,usha
Grant Deed
related
$200,000 · Seller
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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