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Property profile & analytics
OFF-MARKET
Estimated value
$4,075,000
Medical Office Space
1821 Blanding Blvd Middleburg, FL 32068-3839
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4290384
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,963 SF
Lot
2.13 ac (92,695 SF)
APN
32-04-25-008101-041-02
UPID
US18-4290384
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
-
Coastal Spine and Pain Center Physician
-
Coastal Physical Therapy Physician
-
Gary Kao, MD - Interventional Pain Management Physician
-
Richard Gamiz Physician
-
Costal Medical Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.24M
CAP Approach
CAP
$3.27M
Comparable Approach
Comparable
$3.34M
Blend (final)
Blend
$4.08M
Owner & transaction history
Coastal Regions Healthcare Portfoli · 3 yrs held
Coastal Regions Healthcare Portfoli
since 2022
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.4M
+8.6%
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 Middleburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middleburg 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
$4,075,000
ML approach
$4,240,000
CAP Approach
CAP Return
Estimation
6%
$3,540,000
6.5%
$3,270,000
7%
$3,035,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,090,000
Current use
OFFICE BUILDING
$4,440,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$4.08M
Range $3.67M – $4.48M · ±10% · vs last sale $4.76M (Oct 27 2022)
Last sale anchor
$4.76M
Oct 27 2022
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
$255 / 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
$30,643
Tax year 2023
Assessed value
$2,018,089
Assessed 2023
Previous assessed
$2,018,089
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$649,026
Assessed improvement
$1,369,063
Land market value
$649,026
Improvement market value
$1,369,063
Total market value
$2,018,089
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
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Rooms
23
Total area
15,963 SF
Lot
2.13 ac (92,695 SF)
APN
32-04-25-008101-041-02
UPID
US18-4290384
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
$4.1M
OFFICE BUILDING
Est. value
$4.4M
MEDICAL BUILDING Current
OFFICE BUILDING
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
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
23
Lot
2.13 ac
Current owner
From public records · entity-resolved
Coastal Regions Healthcare Portfoli
Individual
Mailing address
13553 ATLANTIC BLVD STE #201, JACKSONVILLE, FL 32225-4227
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2022
$4,759,600
Coastal Regions Healthcare Portfoli
1821 Blanding LLC
Special Warranty Deed
$29,000,000 · South State Bank NA
Aug 19, 2021
—
1821 Blanding LLC
—
Deed
related
$3,250,000 · Iberiabank
May 24, 2019
—
1821 Blanding LLC
—
Deed
related
$1,800,000 · Compass Bk
Jul 6, 2016
—
1821 Blanding LLC
—
Deed
related
$1,024,173 · Regions Bk
Nov 17, 2015
$1,285,000
1821 Blanding LLC
Walgreen Co
Special Warranty Deed
$1,028,000 · Regions Bank
Mar 30, 2009
$1,776,500
Walgreen Co
Rattlesnake Bend North LLC
Grant Deed
—
—
—
1821 Blanding LLC
—
Deed Of Trust
related
$1,800,000 · Compass Bk
—
—
1821 Blanding LLC
—
Loan Modification
related
$1,024,173 · Regions 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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