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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Bars & Pubs
1251 King St Jacksonville, FL 32204-4211
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-0161803
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,851 SF
Lot
0.28 ac (12,389 SF)
Zoning code
CCG-1
APN
064267-0000
UPID
US18-0161803
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
-
Riverside Liquors & The Restaurant in Riverside (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$730k
Blend (final)
Blend
$670k
Owner & transaction history
1251 King Street LLC · 13 yrs held
1251 King Street LLC
since 2013
7 recorded transactions
Zoning & alternative use
CCG-1 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NIGHTCLUB (COCKTAIL LOUNGE)
$1,060,000
Current use
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$76 / 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
$16,042
Tax year 2023
Assessed value
$881,400
Assessed 2023
Previous assessed
$881,400
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$187,500
Assessed improvement
$693,900
Land market value
$187,500
Improvement market value
$693,900
Total market value
$881,400
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
8
Rooms
8
Bathrooms
17
Total area
8,851 SF
Lot
0.28 ac (12,389 SF)
Zoning code
CCG-1
APN
064267-0000
UPID
US18-0161803
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
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$1.1M
NIGHTCLUB (COCKTAIL LOUNGE) 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
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
8
Rooms
8
Bathrooms
17
Lot
0.28 ac
Current owner
From public records · entity-resolved
1251 King Street LLC
Entity
Mailing address
14327 COTTAGE LK RD, JACKSONVILLE, FL 32224-0849
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2013
$380,000
1251 King Street LLC
First Guaranty Bk & Tr Of Jacksonvi
Grant Deed
—
Mar 10, 2009
—
First Guaranty Bk & Trust Co Of Jac
Simmons,ernest A & Mary N
Warranty Deed
related
—
Mar 5, 2009
$989,000
First Guaranty Bk & Trust Of Jacksonvi
Dennis Family Properties LLC
Grant Deed
related
—
Jul 27, 2005
$555,000
Dennis Family Properties LLC
Ernest A Simmons
Warranty Deed
—
Jun 6, 1997
$22,500
Binod Kumar
Smith,stephen P
Grant Deed
—
—
—
Ernest A Simmons
—
Deed Of Trust
related
$334,000 · First Guaranty Bk & Tr Jackson
—
—
Ernest Simmons
—
Deed Of Trust
related
$20,477 · First Guaranty Bk & Tr Jackson
—
—
Ernest A Simmons
—
Deed Of Trust
related
$25,578 · First Guaranty Bk & Tr Jackson
—
—
Ernest A Simmons
—
Deed Of Trust
related
$215,000 · First Union National Bank
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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