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Property profile & analytics
OFF-MARKET
Estimated value
$3,125,000
Strip malls
1615 Hendricks Ave 100 Jacksonville, FL 32207-3109
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5580054
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,890 SF
Lot
0.52 ac (22,631 SF)
Zoning code
CCG-1
APN
081939-0010
UPID
US18-5580054
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
-
Pure Barre Gym & Fitness Center
-
Hurricane Grill & Wings-San Marco Restaurant
-
Solar Panel Installations Jacksonville Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$3.13M
Owner & transaction history
1615 Hendricks Rmr LLC · 1 yrs held
1615 Hendricks Rmr LLC
since 2024
Last sale
$3.1M
6 recorded transactions
Zoning & alternative use
CCG-1 · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.7M
+264.2%
Restaurant
$3.1M
+141.5%
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
$3,125,000
ML approach
$3,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,720,000
Change: +264% · Conversion: Easy
RESTAURANT
$3,130,000
Change: +142% · Conversion: Difficult
Blend value · Realmo final
$3.13M
Range $2.81M – $3.44M · ±10% · vs last sale $3.13M (Oct 17 2024)
Last sale anchor
$3.13M
Oct 17 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
$531 / 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
$22,969
Tax year 2023
Assessed value
$1,349,300
Assessed 2023
Previous assessed
$1,349,300
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$536,275
Assessed improvement
$813,025
Land market value
$536,275
Improvement market value
$813,025
Total market value
$1,349,300
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
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
2
Bathrooms
26
Total area
5,890 SF
Lot
0.52 ac (22,631 SF)
Zoning code
CCG-1
APN
081939-0010
UPID
US18-5580054
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
COMMERCIAL (GENERAL)
Est. value
$4.7M
RESTAURANT
Est. value
$3.1M
COMMERCIAL (GENERAL)
RESTAURANT
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
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
26
Lot
0.52 ac
Current owner
From public records · entity-resolved
1615 Hendricks Rmr LLC
Entity
Mailing address
6 FAIRFIELD BLVD STE #1, PONTE VEDRA BEACH, FL 32082-4628
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2024
$3,125,000
1615 Hendricks Rmr LLC
Gertz Partners LP
Special Warranty Deed
$1,563,000 · Standard Insurance Co
Jul 21, 2017
$980,600
Chamelja Holdings LLC
Lasalle Square Pb LLC
Grant Deed
related
—
Mar 13, 2007
—
Lasalle Square Pb LLC
Accubuild Dev INC
Quit Claim Deed
related
—
Oct 1, 1998
$247,500
Accubuild Development INC
Margaret G & Robert Soud Ttee
Grant Deed
$222,750 · Compass Bank
—
—
Lasalle Square Pb LLC
—
Loan Modification
related
$1,000,000 · Suntrust Bk
—
—
Lasalle Square Pb LLC
—
Deed Of Trust
related
$1,000,000 · Suntrust Bk
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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