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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Grocery and convenience stores
11760 Philips Hwy Jacksonville, FL 32256-1642
Entity Owned
27-yr Hold
Free & Clear
Property ID
US18-0502699
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,040 SF
Lot
1.47 ac (63,877 SF)
Zoning code
IL
APN
168155-0020
UPID
US18-0502699
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
-
RaceTrac (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
Racetrac Petroleum INC · 27 yrs held
Racetrac Petroleum INC
since 1999
1 recorded transaction
Zoning & alternative use
IL · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$765,000
+57.1%
Medical building
$695,000
+42.3%
Auto repair, garage
$650,000
+32.8%
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
$390,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$490,000
Current use
COMMERCIAL (GENERAL)
$765,000
Change: +57% · Conversion: Easy
MEDICAL BUILDING
$695,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$650,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$640,000
Change: +32% · Conversion: Moderate
RETAIL STORES
$550,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$440,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$179 / 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
$22,324
Tax year 2023
Assessed value
$1,203,100
Assessed 2023
Previous assessed
$1,069,400
+12.5% YoY
Effective rate
1.86%
On assessed value
Assessed land
$564,534
Assessed improvement
$638,566
Land market value
$564,534
Improvement market value
$638,566
Total market value
$1,203,100
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
CONVENIENCE STORE
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
4
Rooms
4
Bathrooms
9
Total area
3,040 SF
Lot
1.47 ac (63,877 SF)
Zoning code
IL
APN
168155-0020
UPID
US18-0502699
Jurisdiction
DUVAL
Zoning & alternative use
IL · Jacksonville, FL
Zoning IL · permitted uses
IL · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$765,000
MEDICAL BUILDING
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$650,000
OFFICE BUILDING
Est. value
$640,000
RETAIL STORES
Est. value
$550,000
WAREHOUSE, STORAGE
Est. value
$440,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
4
Rooms
4
Bathrooms
9
Lot
1.47 ac
Current owner
From public records · entity-resolved
Racetrac Petroleum INC
Entity
Free & Clear · 27 yrs held
Mailing address
PO BOX 2437, SMYRNA, GA 30081-2437
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 1999
$320,000
Racetrac Petroleum INC
Harman,howard A & Peggy B
Grant Deed
—
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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