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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Grocery and convenience stores
551 Cassat Ave Jacksonville, FL 32254-3774
Entity Owned
Free & Clear
Property ID
US18-2741599
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,588 SF
Lot
0.93 ac (40,685 SF)
Zoning code
CCG-2
APN
060774-0000
UPID
US18-2741599
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
-
Sunoco Gas Station Gas Station
-
Coinsource Bitcoin ATM Atm
-
Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
$825k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.28M
Owner & transaction history
Sea Lion Real Estate LLC
Sea Lion Real Estate LLC
since 2026
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
CCG-2 · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$905,000
+57.1%
Office building
$830,000
+44.1%
Medical building
$820,000
+42.3%
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
$1,305,000
ML approach
$1,310,000
CAP Approach
CAP Return
Estimation
6%
$890,000
6.5%
$825,000
7%
$765,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$905,000
Change: +57% · Conversion: Easy
OFFICE BUILDING
$830,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$820,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±10% · vs last sale $1.25M (Jun 8 2023)
Last sale anchor
$1.25M
Jun 8 2023
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
$357 / 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
$19,119
Tax year 2023
Assessed value
$1,070,500
Assessed 2023
Previous assessed
$925,600
+15.7% YoY
Effective rate
1.79%
On assessed value
Assessed land
$197,763
Assessed improvement
$872,737
Land market value
$197,763
Improvement market value
$872,737
Total market value
$1,070,500
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
3
Rooms
3
Bathrooms
9
Total area
3,588 SF
Lot
0.93 ac (40,685 SF)
Zoning code
CCG-2
APN
060774-0000
UPID
US18-2741599
Jurisdiction
DUVAL
Zoning & alternative use
CCG-2 · Jacksonville, FL
Zoning CCG-2 · permitted uses
CCG-2 · 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
COMMERCIAL (GENERAL)
Est. value
$905,000
OFFICE BUILDING
Est. value
$830,000
MEDICAL BUILDING
Est. value
$820,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
3
Rooms
3
Bathrooms
9
Lot
0.93 ac
Current owner
From public records · entity-resolved
Sea Lion Real Estate LLC
Entity
Free & Clear · 0 yrs held
Mailing address
153 FT LEE RD STE, TEANECK, NJ 07666-3984
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2026
$1,500,000
Sea Lion Real Estate LLC
Kp Jacksonville LLC
Special Warranty Deed
—
Jun 8, 2023
—
Sea Lion Real Estate LLC
Jay C Seewald
Quit Claim Deed
related
—
Jun 8, 2023
$1,250,000
Standard Development Company LLC
Sea Lion Real June Estate LLC
Special Warranty Deed
$396,000 · Automated Petroleum And Energy Comp
Jun 8, 2023
$2,370,000
Kp Jacksonville LLC
Standard Development Company LLC
Special Warranty Deed
—
Sep 17, 2014
—
Sea Lion Real Estate LLC
Hess Retail Stores LLC
Quit Claim Deed
related
—
Jul 11, 2014
—
Hess Retail Stores LLC
Hess Corp
Quit Claim Deed
—
Jul 1, 2014
$1,000,000
Sea Lion Real Estate LLC
Hess Corp
Grant Deed
—
Mar 10, 1998
$247,500
Amerada Hess Corp
Boatright,william G
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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