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Property profile & analytics
OFF-MARKET
Estimated value
$1,275,000
Medical Office Space
2416 Dunn Ave Jacksonville, FL 32218-4604
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-4301358
Property summary
AI-generated overview
This exceptional 2,200 square foot medical office building, situated on a 1.69-acre lot in Jacksonville, FL (zip code 32218), is currently under construction with an anticipated completion date of February/March 2025. The property is zoned for professional/office use and will be delivered as a "cold dark shell," allowing for complete tenant build-out customization. Located in the Northwest Jacksonville submarket, inside I-295, this single-tenant building enjoys excellent visibility on a high-traffic street. Its strategic location provides easy access to major roadways including I-95, Lem Turner Road, I-295, Jacksonville International Airport, and downtown Jacksonville. The property benefits from ample parking and is surrounded by other medical offices, creating a synergistic environment. This is the second building on the site
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,266 SF
Lot
1.69 ac (73,697 SF)
Zoning code
CCG-1
APN
020530-0000
UPID
US18-4301358
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
-
Azura Vascular Care Jacksonville Medical Clinic
-
Mark Gorrie, MD Physician Medical Clinic
-
Rishi Razdan, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.28M
Owner & transaction history
Dunn Ave Holdings LLC · 7 yrs held
Dunn Ave Holdings LLC
since 2018
6 recorded transactions
Zoning & alternative use
CCG-1 · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+10.4%
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%
$1,455,000
6.5%
$1,345,000
7%
$1,250,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,430,000
Current use
COMMERCIAL (GENERAL)
$1,580,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,335,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±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
$203 / 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
$33,414
Tax year 2023
Assessed value
$1,846,786
Assessed 2023
Previous assessed
$1,677,547
+10.1% YoY
Effective rate
1.81%
On assessed value
Assessed land
$201,339
Assessed improvement
$1,645,447
Land market value
$201,339
Improvement market value
$1,645,447
Total market value
$1,846,786
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
14
Rooms
14
Bathrooms
10
Total area
6,266 SF
Lot
1.69 ac (73,697 SF)
Zoning code
CCG-1
APN
020530-0000
UPID
US18-4301358
Jurisdiction
DUVAL
Zoning & alternative use
CCG-1 · Jacksonville, FL
Zoning CCG-1 · permitted uses
CCG-1 · 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
MEDICAL BUILDING Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
14
Rooms
14
Bathrooms
10
Lot
1.69 ac
Current owner
From public records · entity-resolved
Dunn Ave Holdings LLC
Entity
Mailing address
35 HARVEST ST, GARDEN CITY, NY 11530
Ownership since
2018
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
Sep 8, 2020
—
2416 Dunn Ave Holdings LLC
—
Deed
related
$1,250,000 · Capstar Bk
Dec 11, 2018
$2,235,300
Dunn Ave Holdings LLC
Cop Jacksonville LLC
Grant Deed
—
Nov 28, 2017
$900,000
Cop Jacksonville LLC
Northeast Florida Learning Centers
Warranty Deed
$1,828,000 · Farmers Exchange Bank
Jul 26, 2004
$180,000
Northeast Florida Learning Ctr
Loeb,fred R & Rosa S
Warranty Deed
—
—
—
Northeast Florida Learning Ctr
—
Deed Of Trust
related
$724,600 · Amsouth Bank
—
—
2416 Dunn Ave Holdings LLC
—
Deed Of Trust
related
$1,250,000 · Capstar 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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