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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Retail space
3640 Newcomb Rd Jacksonville, FL 32218-1510
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-4606513
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
STEEL FRAME
Total area
2,070 SF
Lot
48.2 ac (2,099,384 SF)
Zoning code
ROS
APN
019467-0030
UPID
US18-4606513
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
-
Flamingo Lake Campground & RV Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
$360k
Comparable Approach
Comparable
$635k
Blend (final)
Blend
$500k
Owner & transaction history
Sun Flamingo Lake Rv LLC · 5 yrs held
Sun Flamingo Lake Rv LLC
since 2020
4 recorded transactions
Zoning & alternative use
ROS · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$725,000
+93.3%
Commercial (general)
$520,000
+39.4%
Medical building
$475,000
+26.2%
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
by Request
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
$390,000
6.5%
$360,000
7%
$335,000
Alternative Use
Use
Estimation
RETAIL STORES
$375,000
Current use
OFFICE BUILDING
$725,000
Change: +93% · Conversion: Easy
COMMERCIAL (GENERAL)
$520,000
Change: +39% · Conversion: Easy
MEDICAL BUILDING
$475,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$440,000
Change: +18% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$330,000
Change: -11% · Conversion: Moderate
WAREHOUSE, STORAGE
$310,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$242 / 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
Assessed value
$7,887,700
Assessed 2023
Previous assessed
$7,729,300
+2.0% YoY
Assessed land
$2,030,890
Assessed improvement
$5,856,810
Land market value
$2,030,890
Improvement market value
$5,856,810
Total market value
$7,887,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
1
Units
9
Rooms
20
Bathrooms
33
Total area
2,070 SF
Lot
48.2 ac (2,099,384 SF)
Zoning code
ROS
APN
019467-0030
UPID
US18-4606513
Jurisdiction
DUVAL
Zoning & alternative use
ROS · Jacksonville, FL
Zoning ROS · permitted uses
ROS · 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
RETAIL STORES Current
Est. value
$375,000
OFFICE BUILDING
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$520,000
MEDICAL BUILDING
Est. value
$475,000
AUTO REPAIR, GARAGE
Est. value
$440,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$330,000
WAREHOUSE, STORAGE
Est. value
$310,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
7
Units
9
Rooms
20
Bathrooms
33
Lot
48.2 ac
Current owner
From public records · entity-resolved
Sun Flamingo Lake Rv LLC
Entity
Free & Clear · 5 yrs held
Mailing address
27777 FRANKLIN RD STE #200, SOUTHFIELD, MI 48034-8205
Ownership since
2020
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 28, 2020
—
Sun Flamingo Lake Rv LLC
Flamingo Lake Rv Resort INC
Quit Claim Deed
related
—
Jun 19, 2019
—
Flamingo Lake LLC
—
Grant Deed
related
$1,500,000 · Ameris Bk
—
—
Flamingo Lake Rv Resort INC
—
Deed Of Trust
related
$1,800,000 · Jacksonville Bank
—
—
Flamingo Lake LLC
—
Loan Modification
related
$2,250,000 · Ameris Bk
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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