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Property profile & analytics
FOR LEASE
Community centers
5238 Norwood Ave Jacksonville, FL 32208
Individually Owned
3-yr Hold
Free & Clear
Property ID
US18-3562567
For Lease
1 / 3
Contact for pricing
5238 Norwood Ave, Jacksonville, FL 32208
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Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
87,130 SF
Lot
28.21 ac (1,228,792 SF)
Zoning code
PUD
APN
030029-5100
UPID
US18-3562567
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
-
Gateway Medical Center Medical Clinic
-
DTLR Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Dr. Clara Chaves Pediatrician Physician
-
Diversified Liquidation Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.08M
Blend (final)
Blend
$9.54M
Owner & transaction history
Burlington Coat Factory Warehouse C · 3 yrs held
Burlington Coat Factory Warehouse C
since 2023
7 recorded transactions
Zoning & alternative use
PUD · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
or other districts shall apply to those portions of a Planned Unit Development (PUD) which are devoted to uses permitted in these respective districts, unless specifically provided otherwise in the written description of the intended plan of development. (Ord. 91-59-148, § 1; Ord. 91-761-410, § 1; Ord. 2008-969-E, § 1; Ord. 2014-279-E,
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
138,142.68 ac
Source
Zoning Ordinance
Top alternative use upside
Apartment house (5+ units)
$14.4M
+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)
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$13,990,000
Current use
APARTMENT HOUSE (5+ UNITS)
$14,380,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$9.54M
Range $8.58M – $10.49M · ±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
$109 / 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
Assessed value
$5,143,500
Assessed 2023
Previous assessed
$4,424,300
+16.3% YoY
Assessed land
$1,695,781
Assessed improvement
$3,447,719
Land market value
$1,695,781
Improvement market value
$3,447,719
Total market value
$5,143,500
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Rooms
49
Bathrooms
336
Total area
87,130 SF
Lot
28.21 ac (1,228,792 SF)
Zoning code
PUD
APN
030029-5100
UPID
US18-3562567
Jurisdiction
DUVAL
Zoning & alternative use
PUD · Jacksonville, FLZoning PUD · permitted uses
PUD · Jacksonville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
or other districts shall apply to those portions of a Planned Unit Development (PUD) which are devoted to uses permitted in these respective districts, unless specifically provided otherwise in the written description of the intended plan of development. (Ord. 91-59-148, § 1; Ord. 91-761-410, § 1; Ord. 2008-969-E, § 1; Ord. 2014-279-E,
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
138,142.68 ac
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$14.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.4M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Rooms
49
Bathrooms
336
Lot
28.21 ac
Current owner
From public records · entity-resolved
Burlington Coat Factory Warehouse C
Individual
Free & Clear · 3 yrs held
Mailing address
1830 N RTE 130, BURLINGTON, NJ 08016-3017
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2023
—
Burlington Coat Factory Warehouse C
Gateway Retail Center LLC
Lease
—
Mar 25, 2019
$1,250,000
Wells Plasma LLC
Gateway Retail Center LLC
Grant Deed
$1,290,000 · Wells Fargo Bk
Jul 7, 2011
$850,000
Mcdonalds USA LLC
Gateway Ctr Economic Dev Ptshp
Grant Deed
—
May 20, 2011
—
Gateway Ctr Economic Dev Ptshp
Gateway Ctr Economic Dev Ptshp
Quit Claim Deed
related
—
Jun 26, 1997
$2,400,000
Gateway Center Economic Dev Pt
Burt H Froehlich Receiver
Grant Deed
$3,200,000 · Allied Capital Mortgage
—
—
Gateway Ctr Economic Dev Ptshp
—
Deed Of Trust
related
$900,000 · Wachovia Cmnty Dev Ents 1 LLC
—
—
Gateway Ctr Economic Dev Ptshp
—
Deed Of Trust
related
$10,850,000 · Wachovia Cmnty Dev Ents 1 LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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