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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Office buildings
551616 Us Hwy 1st 1 Hilliard, FL 32046-8281
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-2779038
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,038 SF
Lot
2.17 ac (94,544 SF)
Zoning code
C-1
APN
08-3N-24-2380-0006-0030
UPID
US18-2779038
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
$700k
Comparable Approach
Comparable
$957k
Blend (final)
Blend
$810k
Owner & transaction history
Sharpe Family Investments Ltd · 13 yrs held
Sharpe Family Investments Ltd
since 2013
5 recorded transactions
Zoning & alternative use
C-1 · Hilliard, 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 Hilliard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hilliard 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%
$755,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$690,000
Current use
COMMERCIAL (GENERAL)
$665,000
Change: -4% · Conversion: Easy
WAREHOUSE, STORAGE
$570,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$267 / 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
$11,744
Tax year 2023
Assessed value
$1,010,859
Assessed 2023
Previous assessed
$601,829
+68.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$283,632
Assessed improvement
$727,227
Land market value
$283,632
Improvement market value
$727,227
Total market value
$1,010,859
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
7
Total area
3,038 SF
Lot
2.17 ac (94,544 SF)
Zoning code
C-1
APN
08-3N-24-2380-0006-0030
UPID
US18-2779038
Jurisdiction
NASSAU
Zoning & alternative use
C-1 · Hilliard, FL
Zoning C-1 · permitted uses
C-1 · Hilliard, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hilliard. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$690,000
COMMERCIAL (GENERAL)
Est. value
$665,000
WAREHOUSE, STORAGE
Est. value
$570,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
7
Lot
2.17 ac
Current owner
From public records · entity-resolved
Sharpe Family Investments Ltd
Entity
Mailing address
100 CYPRESS LAGOON CT, PONTE VEDRA BEACH, FL 32082-2106
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2018
—
Sharpe Family Investments Ltd
—
Deed
related
$144,941 · Ameris Bk
Mar 12, 2013
$250,000
Sharpe Family Investments Ltd
Hillard First Assembly Of God
Warranty Deed
$200,000 · Jacksonville Bank
—
—
Sharpe Family Investments Ltd
—
Loan Modification
related
$144,941 · Ameris Bk
—
—
Hilliard First Assembly Of God
—
Deed Of Trust
related
$650,000 · Assemblies Of God Fin'l Svcs
—
—
Hilliard First Assembly Of God
—
Deed Of Trust
related
$100,000 · Assemblies Of God Fin'l Svcs
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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