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Property profile & analytics
OFF-MARKET
Estimated value
$2,525,000
Medical Office Space
390 16th S Ave, Jacksonville Beach, FL 32250-4929
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3532843
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,554 SF
Lot
0.65 ac (28,359 SF)
Zoning code
JC-1
APN
179704-0100
UPID
US18-3532843
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
$2.53M
CAP Approach
CAP
$2.63M
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$2.53M
Owner & transaction history
390 16th Avenue LLC · 2 yrs held
390 16th Avenue LLC
since 2024
Last sale
$2.5M
6 recorded transactions
Zoning & alternative use
JC-1 · Jacksonville Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.8M
+15.7%
Commercial (general)
$2.7M
+10.4%
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
$2,525,000
ML approach
$2,525,000
CAP Approach
CAP Return
Estimation
6%
$2,850,000
6.5%
$2,630,000
7%
$2,445,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,410,000
Current use
OFFICE BUILDING
$2,790,000
Change: +16% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,660,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,250,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$2.53M
Range $2.27M – $2.78M · ±10% · vs last sale $2.53M (Apr 15 2024)
Last sale anchor
$2.53M
Apr 15 2024
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
$239 / 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
$36,754
Tax year 2023
Assessed value
$2,006,700
Assessed 2023
Previous assessed
$2,006,700
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$398,625
Assessed improvement
$1,608,075
Land market value
$398,625
Improvement market value
$1,608,075
Total market value
$2,006,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
4
Rooms
4
Bathrooms
46
Total area
10,554 SF
Lot
0.65 ac (28,359 SF)
Zoning code
JC-1
APN
179704-0100
UPID
US18-3532843
Jurisdiction
DUVAL
Zoning & alternative use
JC-1 · Jacksonville Beach, FL
Zoning JC-1 · permitted uses
JC-1 · Jacksonville Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jacksonville Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.3M
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Rooms
4
Bathrooms
46
Lot
0.65 ac
Current owner
From public records · entity-resolved
390 16th Avenue LLC
Entity
Mailing address
2441 BELLEVUE AVE, JACKSONVILLE, FL 32214-0001
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2024
$2,525,000
390 16th Avenue LLC
Glta Properties LLC
Special Warranty Deed
$1,893,750 · Seacoast National Bank
Dec 30, 2015
$1,650,000
Gtla Properties LLC
Aerl Lc
Special Warranty Deed
$1,025,000 · 121 Financial Cu
Sep 13, 2012
—
Aerl Lc
16th Avenue Invtrs LLC Coc
Trustees Deed
related
—
Aug 30, 2012
—
Aerl Lc
Clerk Of Court Of Duval County
Trustees Deed
related
—
Feb 8, 2005
—
16th Avenue Investors LLC
—
Trustees Deed
related
$1,200,000 · Monticello Bank
—
—
16th Avenue Investors LLC
—
Deed Of Trust
related
$150,000 · Monticello 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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