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Property profile & analytics
OFF-MARKET
Apartment buildings
118 1st S Ave Jacksonville Beach, FL 32250-6864
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-4456621
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,254 SF
Lot
0.22 ac (9,503 SF)
Zoning code
JCBD
APN
175593-0000
UPID
US18-4456621
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
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
First Commercial LLC · 9 yrs held
First Commercial LLC
since 2016
7 recorded transactions
Zoning & alternative use
JCBD · Jacksonville Beach, 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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jacksonville Beach 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
$19,063
Tax year 2023
Assessed value
$1,041,700
Assessed 2023
Previous assessed
$990,000
+5.2% YoY
Effective rate
1.83%
On assessed value
Assessed land
$712,200
Assessed improvement
$329,500
Land market value
$712,200
Improvement market value
$329,500
Total market value
$1,041,700
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
WALL UNIT
Buildings
2
Stories
2
Units
10
Rooms
8
Bathrooms
8
Total area
6,254 SF
Lot
0.22 ac (9,503 SF)
Zoning code
JCBD
APN
175593-0000
UPID
US18-4456621
Jurisdiction
DUVAL
Zoning & alternative use
JCBD · Jacksonville Beach, FL
Zoning JCBD · permitted uses
JCBD · Jacksonville Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jacksonville Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
10
Rooms
8
Bathrooms
8
Lot
0.22 ac
Current owner
From public records · entity-resolved
First Commercial LLC
Entity
Mailing address
PO BOX 51241, JACKSONVILLE, FL 32240-1241
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2016
—
First Commercial LLC
—
Deed
related
$710,000 · Segovia Ventures LLC
Jun 1, 2016
—
John P Wadman
—
Deed
related
$830,000 · Harlan & Donna Helming
Dec 28, 2007
—
John P Wadman
—
Trustees Deed
related
$150,000 · Jordan Ansbacher Money Purchas
—
—
John P Wadman
—
Deed Of Trust
related
$137,459 · Jordan Ansbacher Money Purchas
—
—
John P Wadman
—
Deed Of Trust
related
$100,000 · Segovia Ventures LLC
—
—
John P Wadman
—
Deed Of Trust
related
$830,000 · Harlan & Donna Helming
—
—
First Commercial LLC
—
Deed Of Trust
related
$710,000 · Segovia Ventures LLC
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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