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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Strip malls
446 Golfair Blvd Jacksonville, FL 32206-1968
Entity Owned
~
Est. High Equity
Property ID
US18-5375984
Property summary
AI-generated overview
This 5,760 square foot, single-story shopping center/storefront property at 446 Golfair Blvd, Jacksonville, FL, is for sale at $579,000. Built in 1925 and renovated in 2016, this Class C property sits on a 0.47-acre lot and features five vacant units, each approximately 1,000 square feet, with most including one bathroom. Unit 46 boasts two bathrooms, and unit 52 offers three-phase power and a shower. The property offers 7 parking spaces and benefits from a high-traffic location in the Downtown Northbank area, with approximately 20,000 cars passing daily. The property is zoned CN and presents a significant opportunity for retail or office tenants. The building's historic charm combined with its modern upgrades makes it an attractive investment. Currently vacant, this property offers substantial upside potential upon stabilization. The APN is 087623-0000.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,760 SF
Lot
0.47 ac (20,339 SF)
Zoning code
CN
APN
087623-0000
UPID
US18-5375984
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
-
CKF Laundry Services (Bike/Boat/Book/etc) Store
-
Yannie's beauty bar Hair Salon Nail Salon
-
Yannies beauty bar Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$720k
Blend (final)
Blend
$640k
Owner & transaction history
Dpm 904 Investment LLC
Dpm 904 Investment LLC
since 2025
2 recorded transactions
Zoning & alternative use
CN · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+12.8%
Apartment house (5+ units)
$950,000
+2.8%
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 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)
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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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$925,000
Current use
RETAIL STORES
$1,045,000
Change: +13% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$950,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$111 / 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
$3,350
Tax year 2023
Assessed value
$308,400
Assessed 2023
Previous assessed
$203,700
+51.4% YoY
Effective rate
1.09%
On assessed value
Assessed land
$40,946
Assessed improvement
$267,454
Land market value
$40,946
Improvement market value
$267,454
Total market value
$308,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
6
Rooms
6
Bathrooms
3
Total area
5,760 SF
Lot
0.47 ac (20,339 SF)
Zoning code
CN
APN
087623-0000
UPID
US18-5375984
Jurisdiction
DUVAL
Zoning & alternative use
CN · Jacksonville, FL
Zoning CN · permitted uses
CN · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$925,000
RETAIL STORES
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$950,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
6
Rooms
6
Bathrooms
3
Lot
0.47 ac
Current owner
From public records · entity-resolved
Dpm 904 Investment LLC
Entity
Mailing address
5711 RICHARD ST STE #1, JACKSONVILLE, FL 32216-5956
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2025
$529,000
Dpm 904 Investment LLC
Sun Coast Rei LLC
Special Warranty Deed
$396,750 · Barwick Banking Co
Jun 19, 2015
$40,000
Sun Coast Rel LLC
Kathryn Gunn
Warranty Deed
$308,000 · American Enterprise Bank Of Florida
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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