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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Office buildings
1503 The Grns Way Jacksonville Beach, FL 32250-2449
Individually Owned
26-yr Hold
~
Est. High Equity
Property ID
US18-7302458
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
WOOD
Total area
4,638 SF
Lot
0.45 ac (19,678 SF)
Zoning code
JPUD
APN
181779-0550
UPID
US18-7302458
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
$1.10M
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$835k
Owner & transaction history
Milton H Hanburry · 26 yrs held
Milton H Hanburry
since 2000
6 recorded transactions
Zoning & alternative use
JPUD · Jacksonville Beach, 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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jacksonville Beach 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%
$1,185,000
6.5%
$1,095,000
7%
$1,015,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,225,000
Current use
COMMERCIAL (GENERAL)
$1,170,000
Change: -5% · Conversion: Easy
MEDICAL BUILDING
$1,060,000
Change: -14% · Conversion: Easy
AUTO REPAIR, GARAGE
$990,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$835k
Range $752k – $919k · ±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
$180 / 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
$21,640
Tax year 2023
Assessed value
$1,223,800
Assessed 2023
Previous assessed
$1,037,300
+18.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$294,690
Assessed improvement
$929,110
Land market value
$294,690
Improvement market value
$929,110
Total market value
$1,223,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
19
Rooms
19
Bathrooms
7
Total area
4,638 SF
Lot
0.45 ac (19,678 SF)
Zoning code
JPUD
APN
181779-0550
UPID
US18-7302458
Jurisdiction
DUVAL
Zoning & alternative use
JPUD · Jacksonville Beach, FL
Zoning JPUD · permitted uses
JPUD · Jacksonville Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jacksonville Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$990,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1996
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
19
Rooms
19
Bathrooms
7
Lot
0.45 ac
Current owner
From public records · entity-resolved
Milton H Hanburry
Individual
Mailing address
1503 THE GRNS WAY, JACKSONVILLE BEACH, FL 32250-2449
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2019
—
Milton H Hanburry JR.
—
Deed
related
$615,000 · Wells Fargo Bank NA
Nov 13, 2008
—
Trek International Safaris INC
—
Trustees Deed
related
$400,000 · American Enterprise Bank Fl
Mar 22, 2005
—
Milton H Hanburry JR.
—
Trustees Deed
related
$200,000 · American Enterprise Bank
Feb 3, 2000
$330,700
Milton H Hanburry
Trek International Safaris INC
Quit Claim Deed
related
—
—
—
Milton H Hanburry JR.
—
Deed Of Trust
related
$381,000 · American Enterprise Bank
—
—
Milton H Hanburry JR.
—
Deed Of Trust
related
$275,000 · American Enterprise Bank 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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