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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Strip malls
2570 Race Trak Rd Saint Johns, FL 32259-4588
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-7262681
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2021
Construction
STEEL FRAME
Total area
12,500 SF
Lot
1.66 ac (72,179 SF)
Zoning code
OR
APN
005670 0010
UPID
US18-7262681
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
-
Race Track Animal Hospital Veterinary Clinic
-
The Little Gym of Fruit Cove Gym & Fitness Center
-
Cookie Cutters Haircuts for Kids - Fruit Cove Hair Salon
-
Cold Stone Creamery Grocery & Convenience Store Specialty Food Shop
-
Titanium Yoga Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.98M
Owner & transaction history
Jc Race Track Land LLC · 6 yrs held
Jc Race Track Land LLC
since 2019
7 recorded transactions
Zoning & alternative use
OR · Saint Johns, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.2M
+57.1%
Medical building
$2.9M
+42.3%
Auto repair, garage
$2.7M
+32.8%
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 Saint Johns submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Johns 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
$2,005,000
Current use
COMMERCIAL (GENERAL)
$3,155,000
Change: +57% · Conversion: Easy
MEDICAL BUILDING
$2,855,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,665,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$2,425,000
Change: +21% · Conversion: Moderate
RETAIL STORES
$2,265,000
Change: +13% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,065,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±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
$158 / 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
$37,313
Tax year 2023
Assessed value
$2,939,508
Assessed 2023
Previous assessed
$1,477,072
+99.0% YoY
Effective rate
1.27%
On assessed value
Land market value
$938,528
Improvement market value
$2,000,980
Total market value
$2,939,508
Applied tax rate
300.0000
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
2021
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
12,500 SF
Lot
1.66 ac (72,179 SF)
Zoning code
OR
APN
005670 0010
UPID
US18-7262681
Jurisdiction
ST JOHNS
Zoning & alternative use
OR · Saint Johns, FL
Zoning OR · permitted uses
OR · Saint Johns, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Johns. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
2021
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Jc Race Track Land LLC
Entity
Mailing address
50 N LAURA ST STE #3100, JACKSONVILLE, FL 32202-3659
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2019
$1,190,000
Jc Race Track Land LLC
Caliber Jacksonville LLC
Special Warranty Deed
$867,750 · Centerstate Bank Of Florida NA
Feb 26, 2019
—
Caliber Jacksonville LLC
—
Deed
related
$722,000 · Ameris Bank
Mar 28, 2017
$750,000
Rainbow Rascals Fl-jacksonvill
Caliber Jacksonville LLC
Grant Deed
—
Mar 23, 2017
$6,000,000
Hastings Rmr LLC
Caliber Jacksonville LLC
Grant Deed
$4,000,000 · First Atlantic Bk
Sep 6, 2016
—
Caliber Jacksonville LLC
—
Deed
related
$4,000,000 · Usameribank
Jul 16, 2015
—
Caliber Jacksonville LLC
Racetrack Land LLC
Quit Claim Deed
related
$3,150,000 · Usameribank
Jul 16, 2015
$1,800,000
Caliber Jacksonville LLC
Racetrack Land LLC
Grant Deed
—
Jan 29, 2014
$810,000
Racetrack Land LLC
Heritage Bk/n Fl
Grant Deed
—
Jul 20, 2010
—
Bk N Fl Heritage
L & D Land Invs Of Fl INC Coc
Trustees Deed
related
—
Jan 8, 2008
$3,000,000
L & D Land Investments Of Florida I
Victor Galeone
Warranty Deed
$2,700,000 · Heritage Bank Of North Florida
—
—
Caliber Jacksonville LLC
—
Loan Modification
related
$4,000,000 · Usameribank
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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