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Property profile

1618 Penman Rd Jacksonville Beach, FL 32250

OFF-MARKET
Retail space
Property ID
US18-4873790
7,271 SF 0.61 ac lot Built 1964
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,271 SF
Lot 0.61 ac (26,560 SF)
Zoning code JC-1
APN 177628-0300
UPID US18-4873790

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.29M
CAP Approach CAP
$1.27M
Comparable Approach Comparable
$881k
Blend (final) Blend
$1.22M

Owner & transaction history

since 2023
Last sale
$1.5M
4 recorded transactions
2023
$1.5M
2022
Price N/A
1997
$227,500
1969
Price N/A

Zoning & alternative use

JC-1 · Jacksonville Beach, FL
Top alternative use upside
Office building $1.9M +46.0%
Commercial (general) $1.8M +39.4%
Medical building $1.7M +26.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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