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Property profile & analytics
FOR LEASE
Individual retail properties
11901 Atlantic Blvd Jacksonville, FL 32225
Trust Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7641124
For Lease
1 / 2
$900,000
11901 Atlantic Blvd, Jacksonville, FL 32225
View Listing →
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,000 SF
Lot
3.36 ac (146,368 SF)
Zoning code
PUD
APN
167445-0690
UPID
US18-7641124
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
-
Atlantic North Shopping Center & Mall
-
Best Real Estate Agent in Jacksonville Florida Real Estate Agency
-
Jax Juice Bar Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Belk Department Store
-
Academy Sports + Outdoors (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$780k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$900k
Owner & transaction history
Atlantic North Land Trust · 12 yrs held
Atlantic North Land Trust
since 2013
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
$780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
GYM, HEALTH SPA
$975,000
Current use
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$20 / 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
$136,541
Tax year 2023
Assessed value
$7,457,852
Assessed 2023
Previous assessed
$6,847,194
+8.9% YoY
Effective rate
1.83%
On assessed value
Assessed land
$1,485,169
Assessed improvement
$5,972,683
Land market value
$1,485,169
Improvement market value
$5,972,683
Total market value
$7,457,852
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
For Lease
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
22
Rooms
22
Bathrooms
68
Total area
45,000 SF
Lot
3.36 ac (146,368 SF)
Zoning code
PUD
APN
167445-0690
UPID
US18-7641124
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
GYM, HEALTH SPA Current
Est. value
$975,000
GYM, HEALTH SPA Current
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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
22
Rooms
22
Bathrooms
68
Lot
3.36 ac
Current owner
From public records · entity-resolved
Atlantic North Land Trust
Trust
Free & Clear · 12 yrs held
Mailing address
1 SLEIMAN PKWY STE #270, JACKSONVILLE, FL 32216-8059
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2022
—
Property Management Support INC
—
Deed
related
$49,000,000 · Wells Fargo Bank NA
May 29, 2020
—
Belk INC
—
Deed
related
$1,500,000,000 · Morgan Stanley SR Fndg
Sep 26, 2013
—
Atlantic North Land Trust
Atlantic North LLC
Quit Claim Deed
related
—
Aug 29, 2013
$3,480,000
Dd Jax-kernan Partners LLC
Atlantic North LLC
Grant Deed
—
Sep 20, 2012
—
Atlantic North LLC
Atlantic North Land Trust
Quit Claim Deed
related
—
Apr 5, 2010
—
Atlantic North Land Trust
North West Kernan Retail Props
Quit Claim Deed
related
—
Sep 18, 2009
—
Atlantic Mixed Use Props LLC
North West Kernan Retail Props
Grant Deed
related
—
Jul 17, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
May 16, 2008
—
North West Kernan Retail Prop
Trust 5196-5
Grant Deed
related
—
Oct 28, 2005
$19,380,500
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
$13,029,836 · Amsouth Bk/pensacola
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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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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