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Property profile & analytics
FOR SALE
Grocery and convenience stores
11406 San Jose Blvd Jacksonville, FL 32223
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-0542662
For Sale
1 / 4
$5,975,000
11406 San Jose Blvd, Jacksonville, FL 32223
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
47,478 SF
Lot
6.86 ac (298,985 SF)
Zoning code
PUD
APN
156085-0010
UPID
US18-0542662
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
-
Mallory Almond Pharmacy
-
Western Union Bank Credit Union
-
City National Bank of Florida Presto ATM Atm
-
higi Physician
-
Crumbl - Mandarin Bakery Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.26M
Comparable Approach
Comparable
$3.91M
Blend (final)
Blend
$5.98M
Owner & transaction history
Nnn Jacksonville Fl Owner LP · 7 yrs held
Nnn Jacksonville Fl Owner LP
since 2018
7 recorded transactions
Zoning & alternative use
PUD · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,945,000
6.5%
$8,255,000
7%
$7,665,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,595,000
Current use
OFFICE BUILDING
$8,425,000
Change: -2% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,835,000
Change: -9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,625,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$5.98M
Range $5.38M – $6.57M · ±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
$126 / 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
$155,311
Tax year 2023
Assessed value
$8,869,600
Assessed 2023
Previous assessed
$7,518,900
+18.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$3,554,496
Assessed improvement
$5,315,104
Land market value
$3,554,496
Improvement market value
$5,315,104
Total market value
$8,869,600
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Sale
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
15
Rooms
20
Bathrooms
88
Total area
47,478 SF
Lot
6.86 ac (298,985 SF)
Zoning code
PUD
APN
156085-0010
UPID
US18-0542662
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
RETAIL STORES Current
Est. value
$8.6M
OFFICE BUILDING
Est. value
$8.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.6M
RETAIL STORES Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
15
Rooms
20
Bathrooms
88
Lot
6.86 ac
Current owner
From public records · entity-resolved
Nnn Jacksonville Fl Owner LP
Entity
Mailing address
420 S ORANGE AVE STE #400, ORLANDO, FL 32801-4908
Ownership since
2018
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 14, 2018
$13,306
Nnn Jacksonville Fl Owner LP
Px Mandarin Oaks Lo
Grant Deed
—
Jan 2, 2013
—
Px Mandarin Oaks LP
—
Deed Of Trust
related
$46,475,000 · Jackson National Life Ins Co
Aug 30, 2012
$13,800,000
Px Mandarin Oaks LP
Mandarin Oaks E & A LLC
Grant Deed
related
—
Dec 28, 2009
—
Mandarin Oaks E & A LLC
E & A Acquisition LP
Quit Claim Deed
—
Jan 27, 1999
$8,364,800
E LP
G & G Mandarin Ltd
Grant Deed
$6,000,000 · National Bank South Carolina
Jul 8, 1997
$1,759,000
G & G Mandarin Ltd
E L G Ventures INC
Grant Deed
$7,060,000 · National Bank South Carolina
—
—
Px Mandarin Oaks LP
—
Deed Of Trust
related
$46,475,000 · Jackson National Life Ins Co
—
—
Mandarin Oaks E & A LLC
—
Deed Of Trust
related
$32,300,000 · Cuna Mutual Insurance Society
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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