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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Elkton, FL 32033

    • Hotels
    • 21,520 SF
    • 12.03 lot acres
    OFF-MARKET
    Last Sale
    Dec 01, 2023
    $1,500,000
    Value Estimations
    $1,445,000
    Show details
    Cap Rate Potential
    5.4%
    Hotels
    Location Intelligence
    Property ID
    US18-4882749
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hotels

    Property Details

    Year built
    1957
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    12.03 lot acres
    Property size
    21,520 SF
    Property type
    Hotels
    APN
    031100 0010
    APU
    311000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,510,000
      ML approach
      $1,415,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,350,000
      6.5%
      $1,245,000
      7%
      $1,155,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    St. Johns
    State
    Florida
    Longitude
    -81.4924
    Latitude
    29.8247
    CBSA code
    27260
    CBSA name
    JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,101
    $155,770
    $415,152
    $570,922
    -
    $155,770
    $415,152
    $570,922

    Comparable in this City

    • Value Estimation
      $315,000
      10,900 SF

      5801 County Rd 305

      HOTEL • 10,900 SF
      5801 County Rd 305, Elkton, FL 32033
      View Details
    • Value Estimation by Request
      30,862 SF

      2625 State Rd 207

      MOTEL • 30,862 SF
      2625 State Rd 207, Elkton, FL 32033-2001
      View Details
    • Value Estimation by Request
      7.14 Acres

      2800 Co Rd

      Multifamily properties • 7.14 Acres
      2800 Co Rd, Elkton, FL 32033
      View Details
    • Value Estimation by Request
      1.00 Acre

      5785 County Rd 305

      VACANT COMMERCIAL LAND • 1.00 Acre
      5785 County Rd 305, Elkton, FL 32033-2958
      View Details
    • Value Estimation by Request
      0.29 Acres

      4395 Cypress Links Blvd

      VACANT COMMERCIAL LAND • 0.29 Acres
      4395 Cypress Links Blvd, Elkton, FL 32033
      View Details
    • Value Estimation by Request
      1.74 Acres

      5870 Middleton Rd

      VACANT COMMERCIAL LAND • 432 SF
      5870 Middleton Rd, Elkton, FL 32033
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.11 Acres

      Land in Elkton, Florida

      Land for sale near St. Augustine and sandy beaches.
      Tba Jones St, Elkton, FL 32033
      View Details
    • $84,000
      1.00 Acre

      Treed One Acre Parcel

      One acre parcel in Elkton, Florida, ready for development.
      2775 S County Road 13A, Armstrong, FL 32033
      View Details
    • Contact for pricing
      0.46 Acres

      Land Near St. Augustine

      Land for sale near St. Augustine and beaches.
      4 Davis Ave, Elkton, FL 32033
      View Details
    • $80,000
      0.39 Acres

      Elkton, FL Land Parcel

      0.39-acre parcel in Vermont Heights, ideal for building.
      3300 12Th St, Elkton, FL 32033
      View Details
    • New
      $32,999
      0.23 Acres

      Vacant Lot in Saint Johns

      0.23-acre vacant lot, ideal for custom home or investment.
      6255 Armstrong Rd, Elkton, FL 32033
      View Details
    • Contact for pricing

      Elkton Commercial Land: Prime Development Site

      22.54 Acres, Multifamily & Commercial Potential
      2988 State Road 207, Elkton, FL 32033
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      155,720 SF

      Industrial Space Available For Lease

      72,000 SF industrial space with 32' clear height.
      4030 Deerpark Blvd, Elkton, FL 32033
      View Details
    • Contact for pricing
      246,818 SF

      Warehouse/Distribution Building in Elkton, FL

      247,000 SF warehouse/distribution building in St. Johns County.
      4055 Deerpark Blvd, Elkton, FL 32033
      View Details
    • Contact for pricing

      22.54 Acres Commercial Land Available

      22.54 acres of commercial land for rent near I-95.
      State Road 207, Elkton, FL 32033
      View Details
    • $3 SF/Yr
      321,500 SF

      Rail-Served Industrial Building Available

      321,500 SF rail-served industrial building with expansion potential.
      3660 Deerpark Blvd, Elkton, FL 32033
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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