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Property profile & analytics
OFF-MARKET
Drive through restaurants
1429 Melson Ave Jacksonville, FL 32254-2451
Individually Owned
3-yr Hold
Free & Clear
Property ID
US18-0631334
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
650 SF
Lot
0.19 ac (8,472 SF)
Zoning code
RLD-60
APN
050133-0000
UPID
US18-0631334
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
Okunbor Simeon Igichon · 3 yrs held
Okunbor Simeon Igichon
since 2023
Last sale
$222,000
7 recorded transactions
Zoning & alternative use
RLD-60 · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
districts: RR-Acre, RLD-120, RLD-100A, RLD-100B, RLD-90, RLD-80, RLD-70, RLD-60, RLD-50, RLD-40, RLD-TND, RLD-TNH, RMD-A, RMD-B, RMD-C, RMD-D, RHD-A, RHD-B Districts and no others. (b) Where the phrase commercial district is used in this Zoning Code, the phrase shall be construed to include the CO, CRO, CN, CCG-1, CCG-2, CCBD, and RO Districts and no others.…
Zone name
Residential Low Density 60
General category
RESIDENTIAL
Zone area
48,762.17 ac
Source
Zoning Ordinance
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
$1,054
Tax year 2023
Assessed value
$51,100
Assessed 2023
Previous assessed
$49,900
+2.4% YoY
Effective rate
2.06%
On assessed value
Assessed land
$6,273
Assessed improvement
$44,827
Land market value
$6,273
Improvement market value
$44,827
Total market value
$51,100
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
1
Bathrooms
6
Total area
650 SF
Lot
0.19 ac (8,472 SF)
Zoning code
RLD-60
APN
050133-0000
UPID
US18-0631334
Jurisdiction
DUVAL
Zoning & alternative use
RLD-60 · Jacksonville, FLZoning RLD-60 · permitted uses
RLD-60 · Jacksonville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
districts: RR-Acre, RLD-120, RLD-100A, RLD-100B, RLD-90, RLD-80, RLD-70, RLD-60, RLD-50, RLD-40, RLD-TND, RLD-TNH, RMD-A, RMD-B, RMD-C, RMD-D, RHD-A, RHD-B Districts and no others. (b) Where the phrase commercial district is used in this Zoning Code, the phrase shall be construed to include the CO, CRO, CN, CCG-1, CCG-2, CCBD, and RO Districts and no others. (c) Where the phrase industrial district is used in this Zoning Code, the phrase shall be construed to include the IBP, IL, IH, and IW Districts and no other. (d) Provisions of this Zoning Code which apply to residential, commercial, industrial or other districts shall apply to those portions of a Planned Unit Development (PUD) which are devoted to uses permitted in these respective districts, unless specifically provided otherwise in the written description of the intended plan of development. (Ord. 91-59-148, § 1; Ord. 91-761-410, § 1; Ord. 2008-969-E, § 1; Ord. 2014-279-E,
Zone name
Residential Low Density 60
General category
RESIDENTIAL
Zone area
48,762.17 ac
Source
Zoning Ordinance
Building & site characteristics
From public records
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
6
Lot
0.19 ac
Current owner
From public records · entity-resolved
Okunbor Simeon Igichon
Individual
Free & Clear · 3 yrs held
Mailing address
3211 CRISTO LN, JACKSONVILLE, FL 32277-3535
Ownership since
2023
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
Jun 26, 2023
$222,000
Okunbor Simeon Igichon
Katina Latoshion Mickens PLLC
Warranty Deed
—
Apr 29, 2019
—
Trust 1929
Dip Foundation INC
Quit Claim Deed
related
—
Apr 19, 2019
$57,000
Dip Foundation INC
Jenkins,alfred JR
Warranty Deed
—
Jul 27, 2010
—
Alfred Jenkins JR.
Copland,alvin M
Grant Deed
related
—
Jul 13, 2010
$40,000
Alfred Jenkins JR.
Coplan,alvin M
Grant Deed
$40,000 · Coplan Alvin M
Feb 9, 2010
—
Alvin M Coplan
Barrs,beverly B
Quit Claim Deed
related
—
Nov 9, 2005
—
Terry Simmons
Youngblood,joanna
Quit Claim Deed
related
—
Jul 29, 2003
$900
Jacksonville City (fl)
Simmons,terry
Grant Deed
related
—
Jun 14, 1999
$28,000
Larry Simmons
Skinners Dairy INC
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.
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