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Property profile & analytics
OFF-MARKET
Estimated value
$5,125,000
Strip malls
1440 Dunn Ave Jacksonville, FL 32218-6347
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0363484
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,854 SF
Lot
3.37 ac (146,677 SF)
Zoning code
CCG-1
APN
042668-0020
UPID
US18-0363484
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
-
Family Dentistry Dental Office
-
ACM Insurance LLC Insurance Agency
-
Mr Auto Northside Insurance Agency
-
Big Oak BBQ & Catering Jacksonville, Fl Restaurant
-
Smoke N vape Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.13M
CAP Approach
CAP
$5.01M
Comparable Approach
Comparable
$4.12M
Blend (final)
Blend
$5.13M
Owner & transaction history
Salem 1440 LLC · 2 yrs held
Salem 1440 LLC
since 2024
Last sale
$5.1M
5 recorded transactions
Zoning & alternative use
CCG-1 · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.6M
+117.9%
Commercial (general)
$5.5M
+57.1%
Medical building
$5.0M
+42.3%
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
$5,125,000
ML approach
$5,125,000
CAP Approach
CAP Return
Estimation
6%
$5,430,000
6.5%
$5,010,000
7%
$4,655,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,510,000
Current use
OFFICE BUILDING
$7,645,000
Change: +118% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,515,000
Change: +57% · Conversion: Easy
MEDICAL BUILDING
$4,995,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,660,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$3,955,000
Change: +13% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,605,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$5.13M
Range $4.61M – $5.64M · ±10% · vs last sale $5.13M (May 8 2024)
Last sale anchor
$5.13M
May 8 2024
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
$235 / 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
$83,678
Tax year 2023
Assessed value
$4,660,100
Assessed 2023
Previous assessed
$4,660,100
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$1,752,306
Assessed improvement
$2,907,794
Land market value
$1,752,306
Improvement market value
$2,907,794
Total market value
$4,660,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Units
10
Rooms
25
Bathrooms
92
Total area
21,854 SF
Lot
3.37 ac (146,677 SF)
Zoning code
CCG-1
APN
042668-0020
UPID
US18-0363484
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.5M
OFFICE BUILDING
Est. value
$7.6M
COMMERCIAL (GENERAL)
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.7M
RETAIL STORES
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
10
Rooms
25
Bathrooms
92
Lot
3.37 ac
Current owner
From public records · entity-resolved
Salem 1440 LLC
Entity
Mailing address
12621 MSN HLS CIR S, JACKSONVILLE, FL 32225-4620
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2025
—
Salem 1440 LLC
—
Deed
related
$2,000,000 · Axos Bank
May 8, 2024
$5,125,000
Salem 1440 LLC
Dunn Plaza Investments LLC
Special Warranty Deed
$3,000,000 · Optifund Investment Group INC
Mar 7, 2007
—
Dunn Plaza Investments LLC
Subway Sandwich Shops INC
Grant Deed
related
—
Mar 7, 2005
$4,550,000
Dunn Plaza Investments LLC
Duval Royal Investments INC
Special Warranty Deed
$3,450,000 · Lehman Brothers Bank Fsb
—
—
Dunn Plaza Investments LLC
—
Deed Of Trust
related
$3,300,000 · Centerstate Bk/fl
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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