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Property profile & analytics
OFF-MARKET
Estimated value
$2,655,000
Strip malls
1980 Wls Rd Orange Park, FL 32073-7680
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-2606996
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,680 SF
Lot
2.59 ac (112,642 SF)
Zoning code
BB
APN
06-04-26-010681-008-00
UPID
US18-2606996
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
by Request
Comparable Approach
Comparable
$3.38M
Blend (final)
Blend
$2.66M
Owner & transaction history
Wells Plaza LLC · 9 yrs held
Wells Plaza LLC
since 2017
6 recorded transactions
Zoning & alternative use
BB · Orange Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.4M
+0.8%
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 Orange Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange Park 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,375,000
Current use
WAREHOUSE, STORAGE
$4,410,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,660,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.66M
Range $2.39M – $2.92M · ±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
$89 / 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
$41,909
Tax year 2023
Assessed value
$2,760,000
Assessed 2023
Previous assessed
$2,570,000
+7.4% YoY
Effective rate
1.52%
On assessed value
Assessed land
$1,041,939
Assessed improvement
$1,718,061
Land market value
$1,041,939
Improvement market value
$1,718,061
Total market value
$2,760,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
10
Rooms
12
Total area
29,680 SF
Lot
2.59 ac (112,642 SF)
Zoning code
BB
APN
06-04-26-010681-008-00
UPID
US18-2606996
Jurisdiction
CLAY
Zoning & alternative use
BB · Orange Park, FLZoning BB · permitted uses
BB · Orange Park, FL
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
10
Rooms
12
Lot
2.59 ac
Current owner
From public records · entity-resolved
Wells Plaza LLC
Entity
Free & Clear · 9 yrs held
Mailing address
17701 BISCAYNE BLVD #200, AVENTURA, FL 33160-4812
Ownership since
2017
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
May 17, 2022
—
Wells Plaza LLC
—
Deed
related
$2,000,000 · Popular Bank
Jun 6, 2017
$3,750,000
Wells Plaza LLC
Five Points LLC
Special Warranty Deed
—
Mar 10, 2017
—
Five Points LLC
—
Deed
related
$1,633,010 · First Atlantic Bk
May 17, 2010
$2,817,000
Five Points LLC
Smith & Young Co
Warranty Deed
—
—
—
Five Points LLC
—
Deed Of Trust
related
$936,000 · First Atlantic Bank
—
—
Five Points LLC
—
Loan Modification
related
$1,633,010 · First Atlantic 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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