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Property profile & analytics
OFF-MARKET
Estimated value
$9,955,000
Assisted living facilities
2029 Professional Ctr Dr Orange Park, FL 32073-4461
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-0234428
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
37,165 SF
Lot
3.43 ac (149,236 SF)
APN
07-04-26-013067-001-00
UPID
US18-0234428
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
-
Orange Park Rehabilitation & Nursing Center Nursing Home
-
TIMOTHY HUY DO Physician
-
JESSE BALSEIRO Pediatrician Physician
-
HEATHER WAGNER SPENCER Physician
-
LOLANDA GAIL FRANCIS Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.96M
Owner & transaction history
2029 Professional Center Dr LLC · 3 yrs held
2029 Professional Center Dr LLC
since 2022
Last sale
$10.9M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.1M
+403.1%
Warehouse, storage
$12.0M
+328.7%
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 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
$9,300,000
ML approach
$8,790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,055,000
Change: +403% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,975,000
Change: +329% · Conversion: Difficult
Blend value · Realmo final
$9.96M
Range $8.96M – $10.95M · ±10% · vs last sale $10.87M (Oct 14 2022)
Last sale anchor
$10.87M
Oct 14 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
$268 / 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
$52,109
Tax year 2023
Assessed value
$3,431,790
Assessed 2023
Previous assessed
$3,276,897
+4.7% YoY
Effective rate
1.52%
On assessed value
Assessed land
$895,488
Assessed improvement
$2,536,302
Land market value
$895,488
Improvement market value
$2,536,302
Total market value
$3,431,790
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
15
Total area
37,165 SF
Lot
3.43 ac (149,236 SF)
APN
07-04-26-013067-001-00
UPID
US18-0234428
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
OFFICE BUILDING
Est. value
$14.1M
WAREHOUSE, STORAGE
Est. value
$12.0M
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
15
Lot
3.43 ac
Current owner
From public records · entity-resolved
2029 Professional Center Dr LLC
Entity
Mailing address
951 BROADWAY, WOODMERE, NY 11598-1733
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
$10,865,217
2029 Professional Center Dr LLC
Nrs Ventures LLC
Special Warranty Deed
$13,000,000 · Bankwell Bank
Jan 7, 2010
—
Nrs Ventures LLC
—
Deed Of Trust
related
$100,000,000 · General Electric Capital Corp
Aug 9, 2006
$6,889,000
Nrs Ventures LLC
Litchfield Investment Co LLC
Grant Deed
—
Oct 14, 1997
$3,600,000
Litchfield Investment Co
Litchfield Asset Managment Cor
Grant Deed
related
$3,600,000 · German American Capital Corp
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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