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Property profile & analytics
OFF-MARKET
Estimated value
$2,680,000
Strip malls
1177 Park Ave Orange Park, FL 32073-4155
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4066967
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,067 SF
Lot
1.81 ac (78,887 SF)
Zoning code
CG
APN
41-04-26-018616-001-00
UPID
US18-4066967
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
-
Casual-Cut Hair Salon Nail Salon
-
Thai Cafe ( new management since May 2023) Restaurant
-
P @Diamond Tip Tattoo Tattoo & Piercing Shop
-
UPS Authorized Shipping Outlet Courier Service Postal Service
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.52M
CAP Approach
CAP
$3.37M
Comparable Approach
Comparable
$2.75M
Blend (final)
Blend
$2.68M
Owner & transaction history
Drm Jacksonville LLC · 4 yrs held
Drm Jacksonville LLC
since 2021
Last sale
$2.8M
2 recorded transactions
Zoning & alternative use
CG · Orange Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide the retail sales and services for the community as a whole
Zone name
Commercial General
General category
COMMERCIAL
Zone area
131.04 ac
Source
Realmo
Top alternative use upside
Medical building
$3.9M
+44.9%
Auto repair, garage
$3.4M
+27.8%
Retail stores
$3.0M
+12.4%
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 Orange Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange Park 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
$2,520,000
ML approach
$2,520,000
CAP Approach
CAP Return
Estimation
6%
$3,645,000
6.5%
$3,365,000
7%
$3,125,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,665,000
Current use
MEDICAL BUILDING
$3,855,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,400,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$2,995,000
Change: +12% · Conversion: Easy
WAREHOUSE, STORAGE
$2,685,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,230,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.68M
Range $2.41M – $2.95M · ±10% · vs last sale $2.80M (Oct 14 2021)
Last sale anchor
$2.80M
Oct 14 2021
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
$148 / 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
$40,118
Tax year 2023
Assessed value
$2,250,000
Assessed 2023
Previous assessed
$2,130,000
+5.6% YoY
Effective rate
1.78%
On assessed value
Assessed land
$868,230
Assessed improvement
$1,381,770
Land market value
$868,230
Improvement market value
$1,381,770
Total market value
$2,250,000
Applied tax rate
4.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
14
Rooms
14
Total area
18,067 SF
Lot
1.81 ac (78,887 SF)
Zoning code
CG
APN
41-04-26-018616-001-00
UPID
US18-4066967
Jurisdiction
CLAY
Zoning & alternative use
CG · Orange Park, FLZoning CG · permitted uses
CG · Orange Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide the retail sales and services for the community as a whole
Zone name
Commercial General
General category
COMMERCIAL
Zone area
131.04 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.4M
RETAIL STORES
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
14
Rooms
14
Lot
1.81 ac
Current owner
From public records · entity-resolved
Drm Jacksonville LLC
Entity
Mailing address
1000 LINCOLN RD STE #240, MIAMI BEACH, FL 33139-2500
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2021
$2,800,000
Drm Jacksonville LLC
Sbn 1177 LLC
Special Warranty Deed
$1,960,000 · Valley Bank
Jul 2, 2018
$1,425,000
Sbn 1177 LLC
Sbl Orange Park Invs Ltd
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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