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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Turn key restaurants
331 Forsyth St Jacksonville, FL 32202-4307
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-0280338
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,120 SF
Lot
0.12 ac (5,403 SF)
Zoning code
CCBD
APN
073786-0000
UPID
US18-0280338
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
-
green silk ink Restaurant
-
whenski store Big Box & Wholesale Store
-
Hangang Store Specialty Food Shop Fish Market
-
jimnocshed inc Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.17M
Owner & transaction history
331 W Forsyth Street LLC · 3 yrs held
331 W Forsyth Street LLC
since 2022
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
CCBD · Jacksonville, FL
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 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
$1,005,000
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±10% · vs last sale $1.20M (Aug 2 2022)
Last sale anchor
$1.20M
Aug 2 2022
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
$228 / 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
$16,640
Tax year 2023
Assessed value
$883,700
Assessed 2023
Previous assessed
$538,700
+64.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$162,090
Assessed improvement
$721,610
Land market value
$162,090
Improvement market value
$721,610
Total market value
$883,700
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
8
Rooms
8
Bathrooms
18
Total area
5,120 SF
Lot
0.12 ac (5,403 SF)
Zoning code
CCBD
APN
073786-0000
UPID
US18-0280338
Jurisdiction
DUVAL
Zoning & alternative use
CCBD · Jacksonville, FL
Zoning CCBD · permitted uses
CCBD · 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.
Building & site characteristics
From public records
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
8
Rooms
8
Bathrooms
18
Lot
0.12 ac
Current owner
From public records · entity-resolved
331 W Forsyth Street LLC
Entity
Free & Clear · 3 yrs held
Mailing address
331 W FORSYTH ST, JACKSONVILLE, FL 32202-4307
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2022
—
331 W Forsyth Street LLC
Westside Rentals LLC
Quit Claim Deed
related
—
Feb 7, 2022
$1,200,000
Westside Rentals LLC
Tommie Thornton JR
Warranty Deed
$840,000 · Heritage Southeast Bank
Jul 22, 2014
—
Thornton,t JR Living Trust
Domin,robert Coc
Trustees Deed
related
—
Jun 17, 2014
—
Tommie Thornton JR.
Clerk Of Court Of Duval County
Trustees Deed
related
—
Feb 4, 2011
$657,700
Domin INC
Shoppes Of Lakeside INC
Warranty Deed
—
Aug 16, 2006
$875,000
331 Forsyth Street LLC
Domin INC
Warranty Deed
$700,000 · Domin INC
Dec 21, 2004
—
Bolo INC
—
Trustees Deed
related
$12,139 · Heritage Bank North Florida
—
—
331 Forsyth Street LLC
—
Deed Of Trust
related
$670,260 · Domin INC
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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