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Property profile & analytics
OFF-MARKET
Estimated value
$29,945,000
Hotels
605 1st Bch Blvd Saint Augustine, FL 32080-7966
Entity Owned
18-yr Hold
Free & Clear
Property ID
US19-0352715
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
131,037 SF
Lot
4.06 ac (176,984 SF)
Zoning code
R2
APN
169200 0120
UPID
US19-0352715
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
$29.95M
Blend (final)
Blend
$29.95M
Owner & transaction history
Msb Hotels I LLC · 18 yrs held
Msb Hotels I LLC
since 2007
6 recorded transactions
Zoning & alternative use
R2 · Saint Augustine, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$47.9M
+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
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
$46,210,000
Current use
COMMERCIAL (GENERAL)
$47,895,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$29.95M
Range $26.95M – $32.94M · ±10%
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
$229 / 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
$215,568
Tax year 2023
Assessed value
$19,249,200
Assessed 2023
Previous assessed
$9,986,900
+92.7% YoY
Effective rate
1.12%
On assessed value
Land market value
$2,300,727
Improvement market value
$16,948,473
Total market value
$19,249,200
Applied tax rate
551.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Total area
131,037 SF
Lot
4.06 ac (176,984 SF)
Zoning code
R2
APN
169200 0120
UPID
US19-0352715
Jurisdiction
ST JOHNS
Zoning & alternative use
R2 · Saint Augustine, FL
Zoning R2 · permitted uses
R2 · 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
$46.2M
COMMERCIAL (GENERAL)
Est. value
$47.9M
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
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
4.06 ac
Current owner
From public records · entity-resolved
Msb Hotels I LLC
Entity
Free & Clear · 18 yrs held
Mailing address
45 SETON TRL, ORMOND BEACH, FL 32176-6524
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2014
—
Msb Hotels I LLC
—
Trustees Deed
related
$19,750,000 · Fifth Third Bk
Jul 13, 2010
—
Msb Hotels I LLC
—
Deed Of Trust
related
$4,370,566 · Florida Capital Bank NA
Sep 20, 2007
$6,600,000
Msb Hotels I LLC
Palm Row Development LLC
Special Warranty Deed
—
Jul 22, 2005
$720,000
Palm Row Dev LLC
Morrow,marvin S & Karen M
Warranty Deed
—
Jun 11, 2003
$135,000
Marvin S Morrow
Seavey,tr
Grant Deed
$121,500 · Washington Mutual Fsb
—
—
Msb Hotels I LLC
—
Loan Modification
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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