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Property profile & analytics
OFF-MARKET
Estimated value
$6,950,000
Grocery and convenience stores
2039 Hendricks Ave Jacksonville, FL 32207-3385
Entity Owned
Free & Clear
Property ID
US18-6369054
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
41,859 SF
Lot
2.86 ac (124,407 SF)
Zoning code
PUD
APN
081650-0100
UPID
US18-6369054
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
-
Orangetheory Fitness Gym & Fitness Center
-
Morgan Kickliter, OD - San Marco Dry Eye Doctor Physician
-
Kim Lam, O.D. - San Marco Optometrist Physician
-
Sharokh Kapadia, OD, FAAO- San Marco Eye Exam Physician
-
Diane Kapadia - San Marco - Eye Doctor Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.28M
Comparable Approach
Comparable
$6.43M
Blend (final)
Blend
$6.95M
Owner & transaction history
EAST SAN MARCO LLC
EAST SAN MARCO LLC
Zoning & alternative use
PUD · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.6M
+26.2%
Neighborhood: shopping center
$9.2M
+21.5%
Auto repair, garage
$8.9M
+17.8%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,885,000
6.5%
$7,280,000
7%
$6,760,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,580,000
Current use
MEDICAL BUILDING
$9,565,000
Change: +26% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,205,000
Change: +21% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,925,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,910,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$6.95M
Range $6.26M – $7.65M · ±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
$166 / 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
$331,713
Tax year 2023
Assessed value
$18,314,700
Assessed 2023
Effective rate
1.81%
On assessed value
Assessed land
$6,229,050
Assessed improvement
$12,085,650
Land market value
$6,229,050
Improvement market value
$12,085,650
Total market value
$18,314,700
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
2
Total area
41,859 SF
Lot
2.86 ac (124,407 SF)
Zoning code
PUD
APN
081650-0100
UPID
US18-6369054
Jurisdiction
DUVAL
Zoning & alternative use
PUD · Jacksonville, FL
Zoning PUD · permitted uses
PUD · 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
RETAIL STORES Current
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$9.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.2M
AUTO REPAIR, GARAGE
Est. value
$8.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Lot
2.86 ac
Current owner
From public records · entity-resolved
EAST SAN MARCO LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 2539, SAN ANTONIO, TX 78299-2539
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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