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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office Spaces
320 1st St N Ste 707 Jacksonville Beach, FL 32250-6943
Individually Owned
3-yr Hold
Free & Clear
Property ID
US18-4851207
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2006
Construction
WOOD
Total area
1,554 SF
Lot
0 ac (64 SF)
APN
174072-1155
UPID
US18-4851207
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
$465k
CAP Approach
CAP
$365k
Comparable Approach
Comparable
$533k
Blend (final)
Blend
$540k
Owner & transaction history
Jetha Hussein · 3 yrs held
Jetha Hussein
since 2023
Last sale
$560,000
4 recorded transactions
Zoning & alternative use
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jacksonville Beach 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
$575,000
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
$395,000
6.5%
$365,000
7%
$340,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$410,000
Current use
COMMERCIAL (GENERAL)
$390,000
Change: -5% · Conversion: Easy
MEDICAL BUILDING
$355,000
Change: -14% · Conversion: Easy
AUTO REPAIR, GARAGE
$330,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $560k (Jun 5 2023)
Last sale anchor
$560k
Jun 5 2023
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
$347 / 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
$8,934
Tax year 2023
Assessed value
$499,800
Assessed 2023
Previous assessed
$425,200
+17.5% YoY
Effective rate
1.79%
On assessed value
Assessed improvement
$499,800
Improvement market value
$499,800
Total market value
$499,800
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
YES
Total area
1,554 SF
Lot
0 ac (64 SF)
APN
174072-1155
UPID
US18-4851207
Jurisdiction
DUVAL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$410,000
COMMERCIAL (GENERAL)
Est. value
$390,000
MEDICAL BUILDING
Est. value
$355,000
AUTO REPAIR, GARAGE
Est. value
$330,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2006
Construction
WOOD
Heating
YES
Lot
0 ac
Current owner
From public records · entity-resolved
Jetha Hussein
Individual
Free & Clear · 3 yrs held
Mailing address
5334 COMMISSIONERS DR, JACKSONVILLE, FL 32224-0887
Ownership since
2023
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
Jun 5, 2023
—
Jetha Hussein
Hugh Jetha
Intrafamily Transfer
related
—
Jun 8, 2021
$560,000
Sage Solutions Consulting INC
Verb Headquarters LLC
Warranty Deed
$519,500 · Wells Fargo Bank NA
Nov 3, 2016
$425,000
Verb Headquarters LLC
Metropolitan 707 LLC
Special Warranty Deed
$250,000 · Hancock Bank
Apr 18, 2006
$489,000
Charles Perniciaro
Metro Beach Developers INC
Special Warranty Deed
$450,000 · Suntrust Bank
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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