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Property profile & analytics
OFF-MARKET
Apartment buildings
1230 3rd St Jacksonville, FL 32209-7708
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5478166
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,600 SF
Lot
0.19 ac (8,232 SF)
Zoning code
CCG-2
APN
053956-0000
UPID
US18-5478166
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
-
Risch Luther LLC Specialty Food Shop
-
Pizza Hut Take-out & Catering
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
Jax Fund 3 LLC · 2 yrs held
Jax Fund 3 LLC
since 2024
7 recorded transactions
Zoning & alternative use
CCG-2 · 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
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
$7,762
Tax year 2023
Assessed value
$423,700
Assessed 2023
Previous assessed
$423,700
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$13,978
Assessed improvement
$409,722
Land market value
$13,978
Improvement market value
$409,722
Total market value
$423,700
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
2
Units
8
Rooms
8
Bathrooms
8
Total area
5,600 SF
Lot
0.19 ac (8,232 SF)
Zoning code
CCG-2
APN
053956-0000
UPID
US18-5478166
Jurisdiction
DUVAL
Zoning & alternative use
CCG-2 · Jacksonville, FL
Zoning CCG-2 · permitted uses
CCG-2 · 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.
Building & site characteristics
From public records
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
8
Rooms
8
Bathrooms
8
Lot
0.19 ac
Current owner
From public records · entity-resolved
Jax Fund 3 LLC
Entity
Mailing address
3225 N HIATUS RD UNIT #450841, SUNRISE, FL 33345-8444
Ownership since
2024
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
Apr 26, 2024
—
Jax Fund 3 LLC
Ssi Jax Properties LLC
Warranty Deed
$420,000 · Cemmercial Lender LLC
Feb 17, 2022
$480,000
Ssi Jax Properties LLC
1230 Jax LLC
Warranty Deed
$360,000 · Loan Funder LLC
Nov 13, 2019
—
1230 Jax LLC
Brown Brothers Capital LLC
Warranty Deed
$224,000 · Athas Cap
Jan 29, 2018
$220,000
Brown Brothers Capital LLC
Jax Portfolio 1230 LLC
Warranty Deed
—
Jan 20, 2011
$29,120
Jax Portfolio-1230 LLC
Tjb Properties LLC
Grant Deed
—
Dec 21, 2004
—
Owner Name Unavailable
Higbee Jay Trust
Grant Deed
related
—
Feb 23, 1998
$464,700
Higbee Trust
Rogers,steve A
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.
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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