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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Motels
545740 Us Hwy 1st 1, Callahan, FL 32011-3448
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4989610
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,891 SF
Lot
1.02 ac (44,431 SF)
Zoning code
CG
APN
37-3N-24-0000-0005-0010
UPID
US18-4989610
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
$1.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.38M
Owner & transaction history
North Coast Apartments LLC · 2 yrs held
North Coast Apartments LLC
since 2023
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
CG · Callahan, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+93.9%
Office building
$1.5M
+75.7%
Restaurant
$1.1M
+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
$1,455,000
ML approach
$1,365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$870,000
Current use
COMMERCIAL (GENERAL)
$1,690,000
Change: +94% · Conversion: Difficult
OFFICE BUILDING
$1,530,000
Change: +76% · Conversion: Difficult
RESTAURANT
$1,085,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$965,000
Change: +11% · Conversion: Difficult
WAREHOUSE, STORAGE
$960,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$850,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10% · vs last sale $1.35M (Dec 15 2023)
Last sale anchor
$1.35M
Dec 15 2023
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
$155 / 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
$1,376
Tax year 2023
Assessed value
$86,219
Assessed 2023
Previous assessed
$71,100
+21.3% YoY
Effective rate
1.60%
On assessed value
Assessed land
$30,600
Assessed improvement
$55,619
Land market value
$30,600
Improvement market value
$55,619
Total market value
$86,219
Applied tax rate
4.0000
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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CONVECTION
Cooling
WINDOW A/C
Stories
1
Units
9
Bathrooms
1
Total area
8,891 SF
Lot
1.02 ac (44,431 SF)
Zoning code
CG
APN
37-3N-24-0000-0005-0010
UPID
US18-4989610
Jurisdiction
NASSAU
Zoning & alternative use
CG · Callahan, FL
Zoning CG · permitted uses
CG · 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
$870,000
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$965,000
WAREHOUSE, STORAGE
Est. value
$960,000
RETAIL STORES
Est. value
$850,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CONVECTION
Cooling
Yes
Stories
1
Units
9
Bathrooms
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
North Coast Apartments LLC
Entity
Mailing address
5830 E 2ND ST #6100, CASPER, WY 82609-4308
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2023
$1,350,000
North Coast Apartments LLC
North Coast Properties LLC
Warranty Deed
$1,012,500 · Lima One Capital LLC
Dec 14, 2022
$125,000
North Coast Properties LLC
Cecil R Henderson
Warranty Deed
—
Oct 25, 2005
—
Cecil R Henderson
Davis,ernie
Quit Claim Deed
related
—
Aug 2, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
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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