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Property profile & analytics
OFF-MARKET
Banks
1516 County Rd 220 Fleming Island, FL 32003-7923
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5156732
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,840 SF
Lot
0.6 ac (26,179 SF)
Zoning code
PUD
APN
33-04-26-021262-006-13
UPID
US18-5156732
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
-
Chase Mortgage Loan Service Bank
-
Chase Bank Bank Loan Service
-
Chase ATM Atm
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
Florida Busn Dev Corp · 11 yrs held
Florida Busn Dev Corp
since 2014
6 recorded transactions
Zoning & alternative use
PUD · Fleming Island, 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 Fleming Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fleming Island 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
$20,229
Tax year 2023
Assessed value
$1,079,111
Assessed 2023
Previous assessed
$1,044,615
+3.3% YoY
Effective rate
1.87%
On assessed value
Assessed land
$616,079
Assessed improvement
$463,032
Land market value
$616,079
Improvement market value
$463,032
Total market value
$1,079,111
Applied tax rate
1.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
10
Total area
3,840 SF
Lot
0.6 ac (26,179 SF)
Zoning code
PUD
APN
33-04-26-021262-006-13
UPID
US18-5156732
Jurisdiction
CLAY
Zoning & alternative use
PUD · Fleming Island, FL
Zoning PUD · permitted uses
PUD · Fleming Island, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fleming Island. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
10
Lot
0.6 ac
Current owner
From public records · entity-resolved
Florida Busn Dev Corp
Entity
Mailing address
1111 POLARIS PKWY, COLUMBUS, OH 43240-2031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Jul 18, 2014
$60,000
Florida Busn Dev Corp
Independent Lubes INC
Grant Deed
—
Jul 13, 2009
$1,023,000
Independent Lubes INC
Fleming Island
Grant Deed
$535,500 · Mercantile Bank
Nov 21, 2000
$550,000
Island LP Fleming
Gate Petroleum Co
Grant Deed
$750,000 · Citrus Bank
—
—
Island Fleming
—
Deed Of Trust
related
$412,563 · Investors Heritage Life Ins Co
—
—
Independent Lubes INC
—
Deed Of Trust
related
$535,500 · Mercantile Bank
—
—
Independent Lubes INC
—
Deed Of Trust
related
$75,000 · Fleming Island LP
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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