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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Grocery and convenience stores
462569 State Rd 200 Yulee, FL 32097-5421
Entity Owned
19-yr Hold
Free & Clear
Property ID
US18-7997633
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,472 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CHT
APN
44-2N-27-0000-0001-0290
UPID
US18-7997633
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
$440k
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$535k
Blend (final)
Blend
$540k
Owner & transaction history
Racetrac Petroleum INC · 19 yrs held
Racetrac Petroleum INC
since 2006
1 recorded transaction
Zoning & alternative use
CHT · Yulee, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$630,000
+284.3%
Warehouse, storage
$465,000
+185.0%
Office building
$395,000
+139.6%
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 Yulee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yulee 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
$440,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$645,000
7%
$600,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$630,000
Change: +284% · Conversion: Easy
WAREHOUSE, STORAGE
$465,000
Change: +185% · Conversion: Difficult
OFFICE BUILDING
$395,000
Change: +140% · Conversion: Moderate
AUTO REPAIR, GARAGE
$375,000
Change: +130% · Conversion: Difficult
RETAIL STORES
$370,000
Change: +126% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$156 / 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
$23,704
Tax year 2023
Assessed value
$1,500,751
Assessed 2023
Previous assessed
$1,245,151
+20.5% YoY
Effective rate
1.58%
On assessed value
Assessed land
$676,098
Assessed improvement
$824,653
Land market value
$676,098
Improvement market value
$824,653
Total market value
$1,500,751
Applied tax rate
4.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
2
Total area
3,472 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CHT
APN
44-2N-27-0000-0001-0290
UPID
US18-7997633
Jurisdiction
NASSAU
Zoning & alternative use
CHT · Yulee, FL
Zoning CHT · permitted uses
CHT · Yulee, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Yulee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$630,000
WAREHOUSE, STORAGE
Est. value
$465,000
OFFICE BUILDING
Est. value
$395,000
AUTO REPAIR, GARAGE
Est. value
$375,000
RETAIL STORES
Est. value
$370,000
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Racetrac Petroleum INC
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 2437, SMYRNA, GA 30081-2437
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2006
$1,225,000
Racetrac Petroleum INC
Armstrong,rickey H
Warranty 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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