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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Manufacturing properties
606 State Rd 16 Green Cove Springs, FL 32043-8300
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-2882017
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1975
Construction
STEEL FRAME
Total area
11,400 SF
Lot
28.5 ac (1,241,372 SF)
Zoning code
IB
APN
38-06-26-016456-000-00
UPID
US18-2882017
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
$820k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
MOBRO MARINE INC
MOBRO MARINE INC
Zoning & alternative use
IB · Green Cove Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+316.9%
Restaurant
$1.3M
+316.8%
Auto repair, garage
$925,000
+194.6%
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 Green Cove Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Green Cove Springs 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
$820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,310,000
Change: +317% · Conversion: Difficult
RESTAURANT
$1,310,000
Change: +317% · Conversion: Difficult
AUTO REPAIR, GARAGE
$925,000
Change: +195% · Conversion: Easy
RETAIL STORES
$915,000
Change: +190% · Conversion: Moderate
WAREHOUSE, STORAGE
$915,000
Change: +190% · Conversion: Easy
Blend value · Realmo final
$850k
Range $765k – $935k · ±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
$75 / 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
$103,748
Tax year 2023
Assessed value
$6,832,579
Assessed 2023
Previous assessed
$2,331,918
+193.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$1,732,620
Assessed improvement
$5,099,959
Land market value
$1,732,620
Improvement market value
$5,099,959
Total market value
$6,832,579
Applied tax rate
1.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
11
Stories
1
Units
1
Rooms
1
Bathrooms
2
Total area
11,400 SF
Lot
28.5 ac (1,241,372 SF)
Zoning code
IB
APN
38-06-26-016456-000-00
UPID
US18-2882017
Jurisdiction
CLAY
Zoning & alternative use
IB · Green Cove Springs, FL
Zoning IB · permitted uses
IB · Green Cove Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Green Cove Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$925,000
RETAIL STORES
Est. value
$915,000
WAREHOUSE, STORAGE
Est. value
$915,000
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1975
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
11
Units
1
Rooms
1
Bathrooms
2
Lot
28.5 ac
Current owner
From public records · entity-resolved
MOBRO MARINE INC
Entity
Free & Clear · 0 yrs held
Mailing address
P0 BOX #986, GREEN COVE SPRINGS, FL 32043
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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