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Property profile & analytics
OFF-MARKET
Estimated value
$2,500,000
Drug stores
406 Atlantic Blvd Neptune Beach, FL 32266-4022
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-3143491
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,056 SF
Lot
1.81 ac (78,660 SF)
Zoning code
NCBD
APN
172912-0100
UPID
US18-3143491
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
by Request
CAP Approach
CAP
$2.62M
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$2.50M
Owner & transaction history
Five Points LLC · 9 yrs held
Five Points LLC
since 2017
5 recorded transactions
Zoning & alternative use
NCBD · Neptune Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.8M
+39.4%
Medical building
$3.4M
+26.2%
Auto repair, garage
$3.2M
+17.8%
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 Neptune Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Neptune 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,835,000
6.5%
$2,620,000
7%
$2,430,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,725,000
Current use
COMMERCIAL (GENERAL)
$3,800,000
Change: +39% · Conversion: Easy
MEDICAL BUILDING
$3,440,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,210,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$2,925,000
Change: +7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,485,000
Change: -9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,415,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$2.50M
Range $2.25M – $2.75M · ±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
$166 / 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
$85,458
Tax year 2023
Assessed value
$4,965,500
Assessed 2023
Previous assessed
$4,576,200
+8.5% YoY
Effective rate
1.72%
On assessed value
Assessed land
$4,336,365
Assessed improvement
$629,135
Land market value
$4,336,365
Improvement market value
$629,135
Total market value
$4,965,500
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
6
Rooms
6
Bathrooms
13
Total area
15,056 SF
Lot
1.81 ac (78,660 SF)
Zoning code
NCBD
APN
172912-0100
UPID
US18-3143491
Jurisdiction
DUVAL
Zoning & alternative use
NCBD · Neptune Beach, FL
Zoning NCBD · permitted uses
NCBD · Neptune Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Neptune Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
6
Rooms
6
Bathrooms
13
Lot
1.81 ac
Current owner
From public records · entity-resolved
Five Points LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2017
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
Jun 12, 2017
$5,999,900
Five Points LLC
406 Atlantic LLC
Grant Deed
—
Apr 29, 2016
$5,650,000
406 Atlantic LLC
Tan Capital LLC
Grant Deed
$5,000,000 · Usameribank
Aug 24, 2012
$4,050,000
Tan Capital LLC
Curry Park L P
Special Warranty Deed
$2,700,000 · Bankunited N A
Oct 13, 1997
$3,984,300
Park LP Curry
Nych Partners Ltd
Grant Deed
—
Apr 9, 1997
$475,000
Nych Partners Ltd
Arbys INC
Grant 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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