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Property profile & analytics
OFF-MARKET
Estimated value
$4,330,000
Medical Office Space
3059 Edgewood W Ave Jacksonville, FL 32209-2207
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-3648155
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,281 SF
Lot
1.94 ac (84,648 SF)
Zoning code
CCG-1
APN
041449-0100
UPID
US18-3648155
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
-
Dedicated Senior Medical Center Medical Clinic
-
Michael Hernandez, MD Physician
-
Dr. Rafael Garcia Physician
-
Nelki Rivera Acosta Pediatrician Physician
-
Samidha Bhat Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.33M
Owner & transaction history
Chen Dedicated Holdings LLC · 1 yrs held
Chen Dedicated Holdings LLC
since 2025
Last sale
$4.5M
5 recorded transactions
Zoning & alternative use
CCG-1 · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.9M
+132.5%
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
$4,195,000
ML approach
$4,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,930,000
Change: +132% · Conversion: Difficult
Blend value · Realmo final
$4.33M
Range $3.90M – $4.76M · ±10% · vs last sale $4.50M (Apr 1 2025)
Last sale anchor
$4.50M
Apr 1 2025
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
$467 / 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
$28,597
Tax year 2023
Assessed value
$1,518,900
Assessed 2023
Previous assessed
$1,378,000
+10.2% YoY
Effective rate
1.88%
On assessed value
Assessed land
$255,744
Assessed improvement
$1,263,156
Land market value
$255,744
Improvement market value
$1,263,156
Total market value
$1,518,900
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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
5
Rooms
5
Bathrooms
30
Total area
9,281 SF
Lot
1.94 ac (84,648 SF)
Zoning code
CCG-1
APN
041449-0100
UPID
US18-3648155
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
RESTAURANT
Est. value
$4.9M
RESTAURANT
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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
5
Rooms
5
Bathrooms
30
Lot
1.94 ac
Current owner
From public records · entity-resolved
Chen Dedicated Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1395 NW 167TH ST, MIAMI, FL 33169-5710
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2025
—
Chen Dedicated Holdings LLC
Tenet Equity Funding Spe V LLC
Deed
—
Jul 1, 2025
$4,504,900
Tenet Equity Funding Spe V LLC
Jacksonville 3059 Edgewood Ave LLC
Special Warranty Deed
$108,915,000 · Citibank NA
Dec 28, 2021
$3,858,200
Jmcg Jacksonville 3059 Edgewood Ave
Th Jacksonville 3059 Edgewood LLC
Special Warranty Deed
$3,845,268 · Umb Bank NA
Oct 12, 2018
—
Th Jacksonville 3059 Edgewood LLC
—
Deed
related
$2,255,412 · Bmo Harris Bank NA
Feb 7, 2018
$1,200,000
Th Jacksonville 3059 Edgewood
Abc Liquors INC
Warranty 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.
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