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Property profile & analytics
FOR SALE
Apartment buildings
2746 Vernon Ter Jacksonville, FL 32205
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-4617055
For Sale
1 / 47
$1,300,000
2746 Vernon Ter, Jacksonville, FL 32205
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1938
Construction
WOOD
Total area
5,270 SF
Lot
0.47 ac (20,539 SF)
Zoning code
RLD-60
APN
077849-0000
UPID
US18-4617055
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
$1.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$899k
Blend (final)
Blend
$1.05M
Owner & transaction history
Devon Sprague · 4 yrs held
Devon Sprague
since 2021
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
RLD-60 · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+52.9%
Medical building
$1.2M
+38.5%
Auto repair, garage
$1.1M
+29.2%
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
$1,140,000
ML approach
$1,120,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$870,000
Current use
COMMERCIAL (GENERAL)
$1,330,000
Change: +53% · Conversion: Moderate
MEDICAL BUILDING
$1,205,000
Change: +38% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,125,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$1,025,000
Change: +18% · Conversion: Moderate
RETAIL STORES
$955,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$845,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.05M (Sep 21 2021)
Last sale anchor
$1.05M
Sep 21 2021
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
$199 / 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
$17,113
Tax year 2023
Assessed value
$1,030,285
Assessed 2023
Previous assessed
$818,168
+25.9% YoY
Effective rate
1.66%
On assessed value
Assessed land
$780,145
Assessed improvement
$250,140
Land market value
$780,145
Improvement market value
$250,140
Total market value
$1,030,285
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
1938
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
6
Rooms
6
Bathrooms
6
Total area
5,270 SF
Lot
0.47 ac (20,539 SF)
Zoning code
RLD-60
APN
077849-0000
UPID
US18-4617055
Jurisdiction
DUVAL
Zoning & alternative use
RLD-60 · Jacksonville, FL
Zoning RLD-60 · permitted uses
RLD-60 · 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
$870,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$955,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$845,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1938
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
6
Rooms
6
Bathrooms
6
Lot
0.47 ac
Current owner
From public records · entity-resolved
Devon Sprague
Individual
Free & Clear · 4 yrs held
Mailing address
4530 SAINT JOHNS AVE #111, JACKSONVILLE, FL 32210-1852
Ownership since
2021
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
Sep 21, 2021
$1,050,000
Devon Sprague
Keith G Andrews
Warranty Deed
—
Feb 14, 2020
—
Keith G Andrews
—
Deed
related
$499,000 · Cogent Bank
Nov 17, 1997
$275,000
Keith G Andrews
Lamson,davis W
Grant Deed
$220,000 · Compass Bank
—
—
Keith G Andrews
—
Deed Of Trust
related
$340,000 · Cnlbank
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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