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Property profile & analytics
OFF-MARKET
Estimated value
$10,350,000
Hotels
9815 Lantern St, Jacksonville, FL 32225-7268
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-8517288
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2009
Construction
WOOD
Total area
52,796 SF
Lot
2.5 ac (108,880 SF)
Zoning code
PUD
APN
120798-0430
UPID
US18-8517288
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
-
Courtyard Jacksonville I-295/East Beltway Hotel & Motel
-
The Bistro – Eat. Drink. Connect.® Restaurant
-
9815 Lantern Street Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.58M
Blend (final)
Blend
$10.35M
Owner & transaction history
Lantern Street Lodging LLC · 1 yrs held
Lantern Street Lodging LLC
since 2024
Last sale
$10.4M
4 recorded transactions
Zoning & alternative use
PUD · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.3M
+48.2%
Medical building
$12.1M
+34.3%
Auto repair, garage
$11.3M
+25.3%
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 Jacksonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jacksonville 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
$10,350,000
ML approach
$10,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$8,985,000
Current use
COMMERCIAL (GENERAL)
$13,320,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$12,065,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,260,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$10,250,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$9,560,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,715,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$10.35M
Range $9.32M – $11.39M · ±10% · vs last sale $10.35M (Sep 4 2024)
Last sale anchor
$10.35M
Sep 4 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
$196 / 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
$145,933
Tax year 2023
Assessed value
$8,134,400
Assessed 2023
Previous assessed
$8,134,400
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$1,089,000
Assessed improvement
$7,045,400
Land market value
$1,089,000
Improvement market value
$7,045,400
Total market value
$8,134,400
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
2009
Construction
WOOD
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
4
Units
97
Rooms
98
Bathrooms
314
Total area
52,796 SF
Lot
2.5 ac (108,880 SF)
Zoning code
PUD
APN
120798-0430
UPID
US18-8517288
Jurisdiction
DUVAL
Zoning & alternative use
PUD · Jacksonville, FL
Zoning PUD · permitted uses
PUD · Jacksonville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jacksonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$9.0M
COMMERCIAL (GENERAL)
Est. value
$13.3M
MEDICAL BUILDING
Est. value
$12.1M
AUTO REPAIR, GARAGE
Est. value
$11.3M
OFFICE BUILDING
Est. value
$10.3M
RETAIL STORES
Est. value
$9.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.7M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2009
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
97
Rooms
98
Bathrooms
314
Lot
2.5 ac
Current owner
From public records · entity-resolved
Lantern Street Lodging LLC
Entity
Mailing address
6129 NW 124TH DR, CORAL SPRINGS, FL 33076-1916
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
$10,350,000
Lantern Street Lodging LLC
Shaner Select Services Hotels Vi Ll
Special Warranty Deed
—
Mar 2, 2007
$1,470,000
Select Svcs Hotels Vi L Shaner
Gl National INC
Grant Deed
—
—
—
Shaner Select Services Hotels
—
Deed Of Trust
related
$49,750,000 · Jp Morgan Chase Bk
—
—
Select Svcs Hotels Vi L Shaner
—
Deed Of Trust
related
$7,735,000 · Manufacturers Traders & Trust
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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