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Property profile & analytics
OFF-MARKET
Estimated value
$2,585,000
Strip malls
550 Wls Rd Orange Park, FL 32073-2969
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4051966
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,591 SF
Lot
3.15 ac (137,039 SF)
Zoning code
CI
APN
50-04-26-019238-006-00
UPID
US18-4051966
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.81M
Blend (final)
Blend
$2.59M
Owner & transaction history
Pgp Wells Landing 1 LLC · 2 yrs held
Pgp Wells Landing 1 LLC
since 2023
3 recorded transactions
Zoning & alternative use
CI · Orange Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide for intensive uses that require a conspicuous and accessible location convenient to streets carrying large volumes of traffic
Zone name
Commercial Intensive
General category
COMMERCIAL
Zone area
122.43 ac
Source
Realmo
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 Orange Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange Park 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
COMMERCIAL (GENERAL)
$3,895,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.59M
Range $2.33M – $2.84M · ±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
$82 / 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
$41,010
Tax year 2023
Assessed value
$2,300,000
Assessed 2023
Previous assessed
$2,100,000
+9.5% YoY
Effective rate
1.78%
On assessed value
Assessed land
$1,028,003
Assessed improvement
$1,271,997
Land market value
$1,028,003
Improvement market value
$1,271,997
Total market value
$2,300,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Units
17
Rooms
17
Total area
31,591 SF
Lot
3.15 ac (137,039 SF)
Zoning code
CI
APN
50-04-26-019238-006-00
UPID
US18-4051966
Jurisdiction
CLAY
Zoning & alternative use
CI · Orange Park, FLZoning CI · permitted uses
CI · Orange Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide for intensive uses that require a conspicuous and accessible location convenient to streets carrying large volumes of traffic
Zone name
Commercial Intensive
General category
COMMERCIAL
Zone area
122.43 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.9M
COMMERCIAL (GENERAL)
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
17
Rooms
17
Lot
3.15 ac
Current owner
From public records · entity-resolved
Pgp Wells Landing 1 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1601 WASHINGTON AVE STE #700, MIAMI BEACH, FL 33139-3165
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2023
$80,000
Pgp Wells Landing 1 LLC
Msci 2006 Hq8 Wells Road LLC
Special Warranty Deed
—
Nov 14, 2005
$3,500,000
Mpi Of Wells Landing INC
Four Of Four Corp
Warranty Deed
$2,840,000 · Morgan Stanley Mtg Capital INC
—
—
Avondale Loop INC
—
Deed Of Trust
related
$1,008,333 · Amresco Commercial Lending Co
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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