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Property profile & analytics
FOR SALE
Apartment buildings
2117 River Blvd Jacksonville, FL 32204
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-4554533
For Sale
1 / 72
$1,700,000
2117 River Blvd, Jacksonville, FL 32204
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1918
Construction
WOOD
Total area
6,077 SF
Lot
0.15 ac (6,425 SF)
Zoning code
RO
APN
090514-0000
UPID
US18-4554533
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
$690k
Comparable Approach
Comparable
$437k
Blend (final)
Blend
$625k
Owner & transaction history
Kotpond River LLC · 7 yrs held
Kotpond River LLC
since 2019
7 recorded transactions
Zoning & alternative use
RO · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$750,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,005,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$975,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$103 / 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
$17,168
Tax year 2023
Assessed value
$1,063,475
Assessed 2023
Previous assessed
$948,012
+12.2% YoY
Effective rate
1.61%
On assessed value
Assessed land
$252,000
Assessed improvement
$811,475
Land market value
$252,000
Improvement market value
$811,475
Total market value
$1,063,475
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
For Sale
Year built
1918
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
5
Rooms
5
Bathrooms
6
Total area
6,077 SF
Lot
0.15 ac (6,425 SF)
Zoning code
RO
APN
090514-0000
UPID
US18-4554533
Jurisdiction
DUVAL
Zoning & alternative use
RO · Jacksonville, FL
Zoning RO · permitted uses
RO · 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
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$975,000
APARTMENT HOUSE (5+ UNITS) Current
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
1918
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
5
Rooms
5
Bathrooms
6
Lot
0.15 ac
Current owner
From public records · entity-resolved
Kotpond River LLC
Entity
Free & Clear · 7 yrs held
Mailing address
24816 WOODED VIS, WEST HILLS, CA 91307-2760
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2019
—
Kotpond River LLC
Kevonian,kevon & Alexia
Warranty Deed
—
Feb 7, 2019
—
Kevonian,kevon & A 2008 Trust
Schwartz,kenneth J
Correction Deed
related
—
Nov 30, 2018
$965,000
Kevonian,kevon & Alexia Trust
Schwartz,kenneth J
Warranty Deed
—
Feb 2, 2017
$5,900
Kcd Realty LLC
Deputy Clerk Of Florida County
Tax Deed
related
—
Jan 9, 2015
$801,000
Kenneth J Schwartz
Kemp,c Todd
Grant Deed
—
Jul 12, 2004
—
Kemp C T Trust
Kemp,c T
Quit Claim Deed
related
—
Nov 8, 2002
$415,000
C T Kemp
Weller,reginald F
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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