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Property profile & analytics
OFF-MARKET
Medical Office Space
1024 Edgewood W Ave Jacksonville, FL 32208-6404
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4187411
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,466 SF
Lot
0.56 ac (24,599 SF)
Zoning code
CO
APN
026685-0000
UPID
US18-4187411
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
-
Podiatry Center North Fl Medical Clinic
-
Rellahan Mary DPM Physician
-
Schultz Eric DPM Physician
-
The Space Between Hotel & Motel Resort
-
Jacksonville Health and Educational Resource Center, Inc. Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Coastal Real Estate Inv LLC · 19 yrs held
Coastal Real Estate Inv LLC
since 2006
Last sale
$225,000
4 recorded transactions
Zoning & alternative use
CO · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,573
Tax year 2023
Assessed value
$257,600
Assessed 2023
Previous assessed
$214,600
+20.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$38,220
Assessed improvement
$219,380
Land market value
$38,220
Improvement market value
$219,380
Total market value
$257,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
21
Rooms
21
Bathrooms
13
Total area
3,466 SF
Lot
0.56 ac (24,599 SF)
Zoning code
CO
APN
026685-0000
UPID
US18-4187411
Jurisdiction
DUVAL
Zoning & alternative use
CO · Jacksonville, FL
Zoning CO · permitted uses
CO · 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.
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
21
Rooms
21
Bathrooms
13
Lot
0.56 ac
Current owner
From public records · entity-resolved
Coastal Real Estate Inv LLC
Entity
Mailing address
1111 CHANDLER OAKS DR, JACKSONVILLE, FL 32221-1355
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Jul 28, 2006
$1,027,500
Coastal Real Estate Inv LLC
Groshell,howard G
Grant Deed
$1,050,000 · Amsouth Bank
Nov 7, 2003
—
Jacksonville City (fl)
Groschell,howard G
Grant Deed
related
—
Feb 24, 2003
$213,500
Howard G Groshell
Magnus Enterprises LP
Grant Deed
$393,000 · Atlantic Coast Federal
—
—
Coastal Real Estate Prop LLC
—
Deed Of Trust
related
$1,300,000 · Jfd Eagle Foundation
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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