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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Medical Office Space
1550 Business Ctr Dr Ste B Fleming Island, FL 32003-4416
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-4439840
Property summary
AI-generated overview
This exceptional 3,517 square foot Class B office building, constructed in 1998, presents a unique investment opportunity in the desirable Fleming Island submarket of Clay County, Florida. Located at 1550 Business Center Dr, Fleming Island, FL 32003 (cross streets CR220 & Business Center Dr), this single-tenant property is zoned PUD (Planned Unit Development) and features a convenient single-story layout. Currently, 2,460 square feet are vacant, offering significant potential for a variety of businesses. The property boasts beautiful water views and includes outdoor space ideal for employee breaks. The interior layout includes five private offices and a large open area, easily adaptable to suit diverse business needs, whether requiring additional offices or a larger, multi-use space. The building's previous use as a physical therapy space suggests a ready-made layout for medical or similar professional offices. The property's location in Fleming Island offers excellent access to major retailers such as Home Depot, Publix, Walgreens, and CVS, catering to a high-income demographic. The APN is 32-04-26-021262-006-26. This property is an excellent opportunity for businesses seeking a well-located, adaptable space in a thriving community.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Construction
WOOD
Total area
3,517 SF
Lot
0.38 ac (16,378 SF)
APN
32-04-26-021262-006-26
UPID
US18-4439840
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
-
Edward Jones - Financial Advisor: Aaron Kaiser Financial Advisor
-
Rebound Rehabilitation/Progressive Step Rehab- Fleming Island Physician
-
Ivette Schmiege, PT Physician
-
Edward Jones - Financial Advisor: Neal F McDaniel, CFP® Financial Advisor
-
Mr. Arthur Collier Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$354k
Blend (final)
Blend
$565k
Owner & transaction history
Seasons Holdings LLC · 8 yrs held
Seasons Holdings LLC
since 2017
3 recorded transactions
Zoning & alternative use
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$890,000
Current use
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$161 / 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
$11,705
Tax year 2023
Assessed value
$618,529
Assessed 2023
Previous assessed
$552,834
+11.9% YoY
Effective rate
1.89%
On assessed value
Assessed land
$204,813
Assessed improvement
$413,716
Land market value
$204,813
Improvement market value
$413,716
Total market value
$618,529
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
3
Rooms
14
Total area
3,517 SF
Lot
0.38 ac (16,378 SF)
APN
32-04-26-021262-006-26
UPID
US18-4439840
Jurisdiction
CLAY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$890,000
MEDICAL BUILDING Current
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
3
Rooms
14
Lot
0.38 ac
Current owner
From public records · entity-resolved
Seasons Holdings LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1550 BUSINESS CTR DR STE A, FLEMING ISLAND, FL 32003-4416
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Oct 31, 2017
$650,000
Seasons Holdings LLC
A & E Properties INC
Warranty Deed
—
Mar 7, 2002
$675,000
A & E Properties INC
Fleming Island Medical Bldg
Grant Deed
$517,500 · Southtrust Bank NA
Apr 10, 1998
$100,000
Fleming Island Medical Bldg
Faison-fleming Island Ltd
Grant Deed
related
—
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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