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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Apartment buildings
1841 Dancy St Jacksonville, FL 32205-9469
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-3115393
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1927
Construction
WOOD
Total area
4,662 SF
Lot
0.17 ac (7,438 SF)
Zoning code
RLD-60
APN
091864-0000
UPID
US18-3115393
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
-
The Watson Residence Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$751k
Blend (final)
Blend
$540k
Owner & transaction history
3638 Pine St LLC · 5 yrs held
3638 Pine St LLC
since 2021
Last sale
$550,000
2 recorded transactions
Zoning & alternative use
RLD-60 · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$845,000
+9.7%
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
$600,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$530,000
7%
$495,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$770,000
Current use
RETAIL STORES
$845,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$750,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $550k (Apr 5 2021)
Last sale anchor
$550k
Apr 5 2021
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
$116 / 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
$14,922
Tax year 2023
Assessed value
$861,421
Assessed 2023
Previous assessed
$804,195
+7.1% YoY
Effective rate
1.73%
On assessed value
Assessed land
$193,515
Assessed improvement
$667,906
Land market value
$193,515
Improvement market value
$667,906
Total market value
$861,421
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1927
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
6
Rooms
6
Bathrooms
6
Total area
4,662 SF
Lot
0.17 ac (7,438 SF)
Zoning code
RLD-60
APN
091864-0000
UPID
US18-3115393
Jurisdiction
DUVAL
Zoning & alternative use
RLD-60 · Jacksonville, FL
Zoning RLD-60 · permitted uses
RLD-60 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$770,000
RETAIL STORES
Est. value
$845,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$750,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1927
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
6
Rooms
6
Bathrooms
6
Lot
0.17 ac
Current owner
From public records · entity-resolved
3638 Pine St LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2747 RIVERSIDE AVE, JACKSONVILLE, FL 32205-8208
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2021
—
3638 Pine St LLC
Stephen Fletcher Spencer
Quit Claim Deed
related
—
Apr 23, 2018
$550,000
Spencer S Fletcher
Skinner,c Brightman JR
Warranty Deed
$715,000 · C Brightman JR Skinner
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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