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Property profile & analytics
OFF-MARKET
Estimated value
$19,500,000
Hotels
Saint Augustine, FL 32084
Trust Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4980491
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
63,814 SF
Lot
3.87 ac (168,577 SF)
Zoning code
CM1
APN
190370 0000
UPID
US18-4980491
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
$19.50M
Blend (final)
Blend
$19.50M
Owner & transaction history
State Road 16 Easement L Trust · 6 yrs held
State Road 16 Easement L Trust
since 2019
7 recorded transactions
Zoning & alternative use
CM1 · Saint Augustine, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$30.4M
+17.0%
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
$26,005,000
Current use
RESTAURANT
$30,420,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$19.50M
Range $17.55M – $21.45M · ±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
$306 / 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
$81,029
Tax year 2023
Assessed value
$5,695,400
Assessed 2023
Previous assessed
$5,629,800
+1.2% YoY
Effective rate
1.42%
On assessed value
Land market value
$927,174
Improvement market value
$4,768,226
Total market value
$5,695,400
Applied tax rate
452.0000
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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
2
Total area
63,814 SF
Lot
3.87 ac (168,577 SF)
Zoning code
CM1
APN
190370 0000
UPID
US18-4980491
Jurisdiction
ST JOHNS
Zoning & alternative use
CM1 · Saint Augustine, FL
Zoning CM1 · permitted uses
CM1 · 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
$26.0M
RESTAURANT
Est. value
$30.4M
HOTEL/MOTEL Current
RESTAURANT
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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Lot
3.87 ac
Current owner
From public records · entity-resolved
State Road 16 Easement L Trust
Trust
Mailing address
1300 N PONCE DE LEON BLVD, SAINT AUGUSTINE, FL 32084-3129
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2019
$100
State Road 16 Easement L Trust
Patel,narendra & Jyotsna
Grant Deed
related
—
Nov 13, 2008
—
Historical Properties LLC
—
Trustees Deed
related
$200,000 · Haven Trust Bank
Nov 3, 1998
$3,150,000
Historical Properties INC
Leisure Inns INC
Grant Deed
—
—
—
Historical Properties LLC
—
Deed Of Trust
related
$5,300,000 · Citigroup Global Markets Realt
—
—
Historical Properties LLC
—
Deed Of Trust
related
$3,000,000 · Noa Bk
—
—
Cherryden LLC
—
Deed Of Trust
related
$1,000,000 · Cnl Income & Growth Fund Vi Lt
—
—
Historical Properties LLC
—
Loan Modification
related
$1,237,853 · Centerstate Bk/fl
—
—
Historical Properties LLC
—
Deed Of Trust
related
$3,900,000 · Haven Tr Bk Fl
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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