Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Office Spaces
11512 Lk Mead Ave 524 Jacksonville, FL 32256-9680
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-4117270
Property summary
AI-generated overview
This exceptional Class A medical office condo, located at 11512 Lake Mead Ave, Jacksonville, FL 32256, presents a unique investment opportunity. The 2,496 square-foot, single-story building, built in 2007, sits on a 0.06-acre lot within a thriving medical office park. Currently vacant with an occupancy date of September 30, 2024, this fee-simple property offers immediate potential for owner-occupancy or investment. All exam rooms and the break room are fully plumbed, providing a turnkey solution for medical professionals. The property boasts convenient access to major roadways, including I-295 and SR-202, ensuring high visibility and accessibility. Zoned PUD, this property features one unit in a single building. The asking price is $1,200,000, translating to $480.77 per square foot. This prime location in a growing healthcare corridor of Jacksonville offers a strong and steady demand for medical office space, making it an attractive investment for long-term value and potential rental income. The property's APN is 167745-8540, 167745-8535.
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2007
Construction
WOOD
Total area
1,442 SF
Lot
0.01 ac (400 SF)
APN
167745-8550
UPID
US18-4117270
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
-
First Coast Animal Care Veterinary Clinic
-
GainsWave Jacksonville Medical Clinic
-
Dr. Mitra Parsa, DDS Dental Office
-
Maples Dental (Dr. Maples) Dental Office
-
Enterprise North Florida Corporation Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$392k
Blend (final)
Blend
$595k
Owner & transaction history
Mnw Holdings LLC · 6 yrs held
Mnw Holdings LLC
since 2020
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$365,000
+19.4%
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
$620,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$365,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $600k (Jan 15 2020)
Last sale anchor
$600k
Jan 15 2020
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
$413 / 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
$4,954
Tax year 2023
Assessed value
$288,400
Assessed 2023
Previous assessed
$237,930
+21.2% YoY
Effective rate
1.72%
On assessed value
Assessed improvement
$288,400
Improvement market value
$288,400
Total market value
$288,400
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
YES
Bathrooms
1
Total area
1,442 SF
Lot
0.01 ac (400 SF)
APN
167745-8550
UPID
US18-4117270
Jurisdiction
DUVAL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$365,000
COMMERCIAL (GENERAL)
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
2007
Construction
WOOD
Heating
YES
Bathrooms
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
Mnw Holdings LLC
Entity
Mailing address
100 PROFESSIONAL DR, PONTE VEDRA BEACH, FL 32082-6216
Ownership since
2020
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
Jan 15, 2020
$600,000
Mnw Holdings LLC
Mmkaj LLC
Warranty Deed
$450,000 · Cogent Bank
Jul 31, 2007
$600,100
Owner Name Unavailable
Donpat Gate Parkway LLC
Grant Deed
related
$462,500 · Ironstone Bank
Jun 4, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Mmka3 LLC
—
Deed Of Trust
related
$710,000 · First Atlantic Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11512 Lk Mead Ave, Unit 524?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
