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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Strip malls
1526 King St Jacksonville, FL 32204-4514
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5451980
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,309 SF
Lot
0.14 ac (6,170 SF)
Zoning code
CCG-1
APN
065307-0000
UPID
US18-5451980
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
-
Pattaya Thai Grille Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$950k
Owner & transaction history
King Street Jax Investors LLC · 2 yrs held
King Street Jax Investors LLC
since 2024
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
CCG-1 · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+42.3%
Auto repair, garage
$1.1M
+32.8%
Office building
$1.0M
+20.9%
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
$950,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
$1,320,000
6.5%
$1,215,000
7%
$1,130,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$850,000
Current use
MEDICAL BUILDING
$1,215,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,130,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$1,030,000
Change: +21% · Conversion: Moderate
COMMERCIAL (GENERAL)
$995,000
Change: +17% · Conversion: Easy
RETAIL STORES
$960,000
Change: +13% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$875,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $950k (Feb 15 2024)
Last sale anchor
$950k
Feb 15 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
$179 / 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
$10,328
Tax year 2023
Assessed value
$851,900
Assessed 2023
Previous assessed
$851,900
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$75,000
Assessed improvement
$776,900
Land market value
$75,000
Improvement market value
$776,900
Total market value
$851,900
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
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
4
Rooms
4
Bathrooms
26
Total area
5,309 SF
Lot
0.14 ac (6,170 SF)
Zoning code
CCG-1
APN
065307-0000
UPID
US18-5451980
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
$850,000
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$995,000
RETAIL STORES
Est. value
$960,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$875,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
4
Rooms
4
Bathrooms
26
Lot
0.14 ac
Current owner
From public records · entity-resolved
King Street Jax Investors LLC
Entity
Mailing address
1617 SAN MARCO BLVD, JACKSONVILLE, FL 32207-3001
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2024
—
King Street Jax Investors LLC
—
Deed
related
$500,000 · First Horizon Bank
Feb 15, 2024
$950,000
King Street Jax Investors LLC
King Street Strip Center LLC
Special Warranty Deed
—
Feb 24, 2023
—
King Street Strip Center LLC
—
Deed
related
$100,000 · South State Bank NA
Jan 30, 2020
—
King Street Strip Center LLC
—
Deed
related
$88,034 · Centerstate Bk NA
Jun 27, 2016
—
King Street Strip Center LLC
—
Deed
related
$83,200 · Centerstate Bk/fl
Nov 2, 2007
—
King Street Strip LLC
Joseph James M
Grant Deed
—
—
—
King Street Strip Center LLC
—
Loan Modification
related
$88,034 · Centerstate Bk NA
—
—
King Street Strip Center LLC
—
Deed Of Trust
related
$83,200 · Centerstate Bk/fl
—
—
King Street Strip LLC
—
Deed Of Trust
related
$100,000 · First Guaranty Bank & Trust
—
—
King Street Strip Center LLC
—
Deed Of Trust
related
$99,519 · First Guaranty Bk & Tr Jackson
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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