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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Office buildings
1535 The Grns Way Jacksonville Beach, FL 32250-2449
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-8429153
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
WOOD
Total area
2,382 SF
Lot
0.3 ac (12,953 SF)
Zoning code
JPUD
APN
181779-0560
UPID
US18-8429153
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
$690k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$683k
Blend (final)
Blend
$695k
Owner & transaction history
Tranquility Property Management LLC · 4 yrs held
Tranquility Property Management LLC
since 2021
Last sale
$722,000
3 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
$655,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$630,000
Current use
COMMERCIAL (GENERAL)
$600,000
Change: -5% · Conversion: Easy
MEDICAL BUILDING
$545,000
Change: -14% · Conversion: Easy
AUTO REPAIR, GARAGE
$510,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $722k (Nov 4 2021)
Last sale anchor
$722k
Nov 4 2021
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
$292 / 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
$11,405
Tax year 2023
Assessed value
$639,500
Assessed 2023
Previous assessed
$542,100
+18.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$189,480
Assessed improvement
$450,020
Land market value
$189,480
Improvement market value
$450,020
Total market value
$639,500
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
1998
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
8
Rooms
8
Bathrooms
6
Total area
2,382 SF
Lot
0.3 ac (12,953 SF)
Zoning code
JPUD
APN
181779-0560
UPID
US18-8429153
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
$630,000
COMMERCIAL (GENERAL)
Est. value
$600,000
MEDICAL BUILDING
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$510,000
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
1998
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
8
Rooms
8
Bathrooms
6
Lot
0.3 ac
Current owner
From public records · entity-resolved
Tranquility Property Management LLC
Entity
Mailing address
3030 HARTLEY RD STE #160, JACKSONVILLE, FL 32257-8210
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2021
$722,000
Tranquility Property Management LLC
1535 The Greens Way II LLC
Warranty Deed
$974,000 · Ameris Bank
Jan 13, 2017
$555,000
1535 Greens Way II LLC
Kedar LLC
Warranty Deed
$416,250 · Centerstate Bk/fl
May 8, 2008
$685,000
Kedar LLC
Riverside Golf Group INC
Grant Deed
—
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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