Back to Search
Property profile & analytics
FOR LEASE
Retail space
1200 Kings Ave Jacksonville, FL 32207
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US18-3935920
For Lease
1 / 2
$30 SF/Yr
1200 Kings Ave, Jacksonville, FL 32207
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,230 SF
Lot
0.17 ac (7,567 SF)
Zoning code
CCG-1
APN
080806-0000
UPID
US18-3935920
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
$910k
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$900k
Owner & transaction history
Lms Holdings LLC · 18 yrs held
Lms Holdings LLC
since 2007
5 recorded transactions
Zoning & alternative use
CCG-1 · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+26.2%
Neighborhood: shopping center
$1.2M
+21.5%
Auto repair, garage
$1.1M
+17.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$985,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
RETAIL STORES
$945,000
Current use
MEDICAL BUILDING
$1,195,000
Change: +26% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,150,000
Change: +21% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,115,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$865,000
Change: -9% · Conversion: Difficult
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
$172 / 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
$13,209
Tax year 2023
Assessed value
$729,500
Assessed 2023
Previous assessed
$660,800
+10.4% YoY
Effective rate
1.81%
On assessed value
Assessed land
$188,000
Assessed improvement
$541,500
Land market value
$188,000
Improvement market value
$541,500
Total market value
$729,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
8
Rooms
8
Bathrooms
9
Total area
5,230 SF
Lot
0.17 ac (7,567 SF)
Zoning code
CCG-1
APN
080806-0000
UPID
US18-3935920
Jurisdiction
DUVAL
Zoning & alternative use
CCG-1 · Jacksonville, FL
Zoning CCG-1 · permitted uses
CCG-1 · 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
RETAIL STORES Current
Est. value
$945,000
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$865,000
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
8
Rooms
8
Bathrooms
9
Lot
0.17 ac
Current owner
From public records · entity-resolved
Lms Holdings LLC
Entity
Mailing address
5365 OAK BAY DR N, JACKSONVILLE, FL 32277-1010
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
—
Lms Holdings LLC
—
Deed
related
$306,803 · Brett Isaac
Aug 16, 2007
$750,000
Lms Holdings LLC
Kings Avenue Property I LLC
Warranty Deed
$752,000 · First National Bank Of Nassau Count
Jan 19, 2005
$400,000
Kings Avenue Property I LLC
Lee,robert D
Warranty Deed
$200,000 · Darrell B Lee
—
—
Lms Holdings LLC
—
Deed Of Trust
related
$225,000 · Synovus Bank Of Jacksonville
—
—
Kings Avenue Property I LLC
—
Deed Of Trust
related
$330,000 · Suntrust Bank NA
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?”
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.
