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Property profile & analytics
OFF-MARKET
Estimated value
$2,620,000
Drive through restaurants
524 Atlantic Blvd Neptune Beach, FL 32266-4024
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3990669
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,427 SF
Lot
0.66 ac (28,826 SF)
Zoning code
NC-3
APN
172395-1000
UPID
US18-3990669
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
$2.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.96M
Blend (final)
Blend
$2.62M
Owner & transaction history
524 Atlantic Blvd LLC · 2 yrs held
524 Atlantic Blvd LLC
since 2024
Last sale
$2.6M
6 recorded transactions
Zoning & alternative use
NC-3 · Neptune Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,620,000
ML approach
$2,620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.62M
Range $2.36M – $2.88M · ±10% · vs last sale $2.62M (Jun 5 2024)
Last sale anchor
$2.62M
Jun 5 2024
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
$1,080 / 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
$22,736
Tax year 2023
Assessed value
$1,290,900
Assessed 2023
Previous assessed
$1,290,900
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$696,950
Assessed improvement
$593,950
Land market value
$696,950
Improvement market value
$593,950
Total market value
$1,290,900
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
4
Rooms
4
Bathrooms
10
Total area
2,427 SF
Lot
0.66 ac (28,826 SF)
Zoning code
NC-3
APN
172395-1000
UPID
US18-3990669
Jurisdiction
DUVAL
Zoning & alternative use
NC-3 · Neptune Beach, FL
Zoning NC-3 · permitted uses
NC-3 · 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.
Building & site characteristics
From public records
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
4
Rooms
4
Bathrooms
10
Lot
0.66 ac
Current owner
From public records · entity-resolved
524 Atlantic Blvd LLC
Entity
Mailing address
PO BOX 357742, GAINESVILLE, FL 32635-7742
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2024
$2,620,000
524 Atlantic Blvd LLC
Store Spe Conquest 2021 2 LLC
Special Warranty Deed
$250,000 · Cerco Bridge Loans 6 LLC
Aug 5, 2021
$489,700
Conquest Income Holdings LLC
Store Master Funding II LLC
Warranty Deed
—
Apr 4, 2014
$489,700
Store Master Funding II LLC
Sailormen INC
Special Warranty Deed
$350,461 · Citibank NA
Apr 4, 2014
$810,000
Conquest Income Holdings LLC
Sailormen INC
Special Warranty Deed
$12,633,000 · Citibank NA
Nov 3, 2000
$600,000
Sailormen INC
Us Restaurant Properties Opera
Grant Deed
$4,364,939 · First Bank NA Trustee
Nov 22, 1996
$440,900
U S Restaurant Properties Oper
Neptune Co LP
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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