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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Retail space
4852 Ocean St Jacksonville, FL 32233-2428
Individually Owned
17-yr Hold
Free & Clear
Property ID
US18-0523659
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Construction
STEEL FRAME
Total area
2,200 SF
Lot
2.71 ac (118,159 SF)
Zoning code
CCG-2-M
APN
168972-0000
UPID
US18-0523659
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
-
Instaramps Event Planning Wedding Service
-
Hull Healers Boat Works & Restoration (Bike/Boat/Book/etc) Store
-
Morningstar Marinas Boat Ramp Boat Storage Facility
-
Set Em Up Fishing Charters Tour Operator Travel Agency
-
River City Charters Tour Operator Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
$385k
Comparable Approach
Comparable
$675k
Blend (final)
Blend
$505k
Owner & transaction history
Morningstar Marinas Of Mayport Ll · 17 yrs held
Morningstar Marinas Of Mayport Ll
since 2009
3 recorded transactions
Zoning & alternative use
CCG-2-M · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$555,000
+39.4%
Medical building
$505,000
+26.2%
Auto repair, garage
$470,000
+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 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
$595,000
CAP Approach
CAP Return
Estimation
6%
$415,000
6.5%
$385,000
7%
$355,000
Alternative Use
Use
Estimation
RETAIL STORES
$400,000
Current use
COMMERCIAL (GENERAL)
$555,000
Change: +39% · Conversion: Easy
MEDICAL BUILDING
$505,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$470,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$425,000
Change: +7% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$355,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$230 / 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
$51,446
Tax year 2023
Assessed value
$3,025,700
Assessed 2023
Previous assessed
$4,280,900
-29.3% YoY
Effective rate
1.70%
On assessed value
Assessed land
$2,275,000
Assessed improvement
$750,700
Land market value
$2,275,000
Improvement market value
$750,700
Total market value
$3,025,700
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
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
6
Bathrooms
12
Total area
2,200 SF
Lot
2.71 ac (118,159 SF)
Zoning code
CCG-2-M
APN
168972-0000
UPID
US18-0523659
Jurisdiction
DUVAL
Zoning & alternative use
CCG-2-M · Jacksonville, FL
Zoning CCG-2-M · permitted uses
CCG-2-M · 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
$400,000
COMMERCIAL (GENERAL)
Est. value
$555,000
MEDICAL BUILDING
Est. value
$505,000
AUTO REPAIR, GARAGE
Est. value
$470,000
OFFICE BUILDING
Est. value
$425,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$355,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
6
Bathrooms
12
Lot
2.71 ac
Current owner
From public records · entity-resolved
Morningstar Marinas Of Mayport Ll
Individual
Free & Clear · 17 yrs held
Mailing address
725 PARK CTR DR, MATTHEWS, NC 28105-5012
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2009
$2,800,000
Morningstar Marinas Of Mayport Ll
Peachtree Industrial Prop Invs
Grant Deed
—
Mar 28, 2008
—
Peachtree Indl Prop Invs
—
Trustees Deed
related
$225,212 · United Community Bank
Nov 19, 1997
$1,125,000
Peachtree Industrial Property
Lambs Yacht Center INC
Grant Deed
$1,572,000 · American National Bank Fl
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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