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Property profile & analytics
FOR LEASE
Retail space
1472 Park Ave Orange Park, FL 32073
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0333064
For Lease
1 / 7
$8,690,000
1472 Park Ave, Orange Park, FL 32073
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
88,782 SF
Lot
6.1 ac (265,890 SF)
Zoning code
CG
APN
41-04-26-018728-000-00
UPID
US18-0333064
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
$9.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.20M
Blend (final)
Blend
$8.69M
Owner & transaction history
Gates Of Park Avenue North LLC · 2 yrs held
Gates Of Park Avenue North LLC
since 2023
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
CG · Orange Park, 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 Orange Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange Park 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
$9,005,000
ML approach
$9,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,190,000
Change: -10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$13,085,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$8.69M
Range $7.82M – $9.56M · ±10% · vs last sale $8.00M (Oct 3 2023)
Last sale anchor
$8.00M
Oct 3 2023
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
$98 / 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
$89,152
Tax year 2023
Assessed value
$5,000,000
Assessed 2023
Previous assessed
$4,910,000
+1.8% YoY
Effective rate
1.78%
On assessed value
Assessed land
$2,122,105
Assessed improvement
$2,877,895
Land market value
$2,122,105
Improvement market value
$2,877,895
Total market value
$5,000,000
Applied tax rate
4.0000
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Units
21
Rooms
21
Total area
88,782 SF
Lot
6.1 ac (265,890 SF)
Zoning code
CG
APN
41-04-26-018728-000-00
UPID
US18-0333064
Jurisdiction
CLAY
Zoning & alternative use
CG · Orange Park, FL
Zoning CG · permitted uses
CG · Orange Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orange Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$13.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.1M
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
21
Rooms
21
Lot
6.1 ac
Current owner
From public records · entity-resolved
Gates Of Park Avenue North LLC
Entity
Mailing address
7077 BONNEVAL RD STE #400, JACKSONVILLE, FL 32216-4036
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2023
$8,000,000
Gates Of Park Avenue North LLC
Fiimc4 Ret02 LLC
Special Warranty Deed
$6,000,000 · South State Bank NA
Sep 11, 2012
—
Fii-mc4-ret-02 LLC
Park Central Plaza Crp Coc
Trustees Deed
related
—
Aug 30, 2012
—
Fii-mc4-ret-02 LLC
Clerk Of Court Of Clay County
Trustees Deed
related
—
Sep 6, 2006
$8,675,000
Park Central Plaza Crp LLC
Hwy 17 Central LLC
Grant Deed
—
Nov 12, 2004
$7,800,000
Hwy 17 Central LLC
Park Central Plaza INC
Grant Deed
$6,600,000 · Lehman Brothers Bank Fsb
Nov 30, 1998
$2,450,000
Park Central Plaza INC
Mif Realry
Grant Deed
$1,960,000 · National Bank Commerce Tr & Sa
—
—
Fii-mc4-ret-02 LLC
—
Deed Of Trust
related
$22,579,000 · A10 Capital LLC
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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