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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Office buildings
1597 The Grns Way Jacksonville Beach, FL 32250-1401
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-5961676
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,404 SF
Lot
0.76 ac (33,207 SF)
Zoning code
JPUD
APN
181779-0900
UPID
US18-5961676
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
$1.75M
Comparable Approach
Comparable
$955k
Blend (final)
Blend
$1.29M
Owner & transaction history
Gtla Properties LLC · 9 yrs held
Gtla Properties LLC
since 2016
4 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%
$1,895,000
6.5%
$1,745,000
7%
$1,625,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,955,000
Current use
COMMERCIAL (GENERAL)
$1,870,000
Change: -5% · Conversion: Easy
MEDICAL BUILDING
$1,690,000
Change: -14% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,580,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±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
$174 / 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
$35,175
Tax year 2023
Assessed value
$1,987,900
Assessed 2023
Previous assessed
$1,685,000
+18.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$490,050
Assessed improvement
$1,497,850
Land market value
$490,050
Improvement market value
$1,497,850
Total market value
$1,987,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
30
Rooms
30
Bathrooms
40
Total area
7,404 SF
Lot
0.76 ac (33,207 SF)
Zoning code
JPUD
APN
181779-0900
UPID
US18-5961676
Jurisdiction
DUVAL
Zoning & alternative use
JPUD · Jacksonville Beach, FLZoning 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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
30
Rooms
30
Bathrooms
40
Lot
0.76 ac
Current owner
From public records · entity-resolved
Gtla Properties LLC
Entity
Mailing address
17 LA VIS DR, PONTE VEDRA, FL 32082-2305
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2016
$1,575,000
Gtla Properties LLC
The Greens Way Partnership Lc
Special Warranty Deed
$920,000
Sep 16, 2005
—
Greens Way Ptshp Lc
—
Trustees Deed
related
$350,887 · Atlantic Coast Federal
Aug 6, 1999
$164,300
Greens Way Partnership Lc
Marsh Landing Business Park
Grant Deed
$730,000 · Peoples First Community Bank
—
—
Greens Way Partnership L C
—
Deed Of Trust
related
$980,000 · Atlantic Coast Federal
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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