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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Apartment buildings
1005 1st N Ave Jacksonville Beach, FL 32250-3599
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2186972
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,272 SF
Lot
0.42 ac (18,178 SF)
Zoning code
JRM-1
APN
177306-0000
UPID
US18-2186972
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
$1.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.71M
Owner & transaction history
Dfh Land LLC · 1 yrs held
Dfh Land LLC
since 2024
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
JRM-1 · Jacksonville Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+60.1%
Commercial (general)
$1.6M
+52.9%
Medical building
$1.4M
+38.5%
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jacksonville Beach 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
$1,710,000
ML approach
$1,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,035,000
Current use
OFFICE BUILDING
$1,660,000
Change: +60% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,580,000
Change: +53% · Conversion: Moderate
MEDICAL BUILDING
$1,435,000
Change: +38% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,340,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$1,135,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±10% · vs last sale $1.71M (Dec 11 2024)
Last sale anchor
$1.71M
Dec 11 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
$273 / 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
$28,366
Tax year 2023
Assessed value
$1,655,808
Assessed 2023
Previous assessed
$1,655,808
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$833,280
Assessed improvement
$822,528
Land market value
$833,280
Improvement market value
$822,528
Total market value
$1,655,808
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
8
Rooms
8
Bathrooms
8
Total area
6,272 SF
Lot
0.42 ac (18,178 SF)
Zoning code
JRM-1
APN
177306-0000
UPID
US18-2186972
Jurisdiction
DUVAL
Zoning & alternative use
JRM-1 · Jacksonville Beach, FL
Zoning JRM-1 · permitted uses
JRM-1 · Jacksonville Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jacksonville Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
8
Rooms
8
Bathrooms
8
Lot
0.42 ac
Current owner
From public records · entity-resolved
Dfh Land LLC
Entity
Free & Clear · 1 yrs held
Mailing address
14701 PHILIPS HWY STE #300, JACKSONVILLE, FL 32256-3742
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2024
$1,710,000
Dfh Land LLC
Chad Development LLC
Special Warranty Deed
—
Aug 14, 2024
$3,135,000
Dfh Land LLC
Chad Development LLC
Special Warranty Deed
—
Jan 8, 2024
$5,000,000
Chad Development LLC
Beach Block Townhomes LLC
Special Warranty Deed
$5,882,000 · Dlp Lending Fund Ll
Jan 7, 2021
$1,400,000
Beach Block Townhonies LLC
Paul A Mcgovern
Warranty Deed
—
Aug 14, 2003
$550,000
Paul A Mcgovern
Johnson,ronald A & Anya
Grant Deed
$412,500 · Heritage Bank North Florida
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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