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Property profile & analytics
OFF-MARKET
Estimated value
$5,265,000
Hotels
1617 1st N St Jacksonville Beach, FL 32250-7409
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-4072911
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
92,764 SF
Lot
1.98 ac (86,255 SF)
Zoning code
JRM-2
APN
174720-0000
UPID
US18-4072911
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
$6.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.27M
Owner & transaction history
Nf V Jax Beach LLC · 1 yrs held
Nf V Jax Beach LLC
since 2024
5 recorded transactions
Zoning & alternative use
JRM-2 · 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%
$7,490,000
6.5%
$6,915,000
7%
$6,420,000
Blend value · Realmo final
$5.27M
Range $4.74M – $5.79M · ±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
$57 / 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
$659,877
Tax year 2023
Assessed value
$37,370,400
Assessed 2023
Previous assessed
$33,259,500
+12.4% YoY
Effective rate
1.77%
On assessed value
Assessed land
$11,340,000
Assessed improvement
$26,030,400
Land market value
$11,340,000
Improvement market value
$26,030,400
Total market value
$37,370,400
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
WALL UNIT
Buildings
2
Stories
7
Rooms
154
Bathrooms
497
Total area
92,764 SF
Lot
1.98 ac (86,255 SF)
Zoning code
JRM-2
APN
174720-0000
UPID
US18-4072911
Jurisdiction
DUVAL
Zoning & alternative use
JRM-2 · Jacksonville Beach, FL
Zoning JRM-2 · permitted uses
JRM-2 · 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.
Building & site characteristics
From public records
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
7
Buildings
2
Rooms
154
Bathrooms
497
Lot
1.98 ac
Current owner
From public records · entity-resolved
Nf V Jax Beach LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1965 WADDLE RD, STATE COLLEGE, PA 16803-1639
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2024
$26,090,900
Nf V Jax Beach LLC
Shaner Jacksonville LLC
Special Warranty Deed
—
Aug 7, 2024
—
Nf V Jax Beach LLC
Shaner Jacksonville LLC
Quit Claim Deed
related
—
Nov 10, 2014
$11,152,000
Shaner Jacksonville LLC
Shaner Spe Associates Limited Partn
Warranty Deed
$77,090,000 · Jpmorgan Chase Bank NA
Sep 29, 2005
$3,109,000
Shaner Spe Associates LP
Shaner Hotel Group Properties Two L
Warranty Deed
$118,500,000 · Greenwich Capital Financial Product
Jan 23, 1997
$6,800,000
Shaner Hotel Group Properties
Shaner Hotel Group Ltd Ptshp
Grant Deed
related
$6,000,000 · Lehman Brothers Holdings INC
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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