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Property profile & analytics
FOR SALE
Medical Office Space
655 Gardner Dr SE Jacksonville, AL 36265
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-2376597
For Sale
1 / 13
Contact for pricing
655 Gardner Dr SE, Jacksonville, AL 36265
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1994
Construction
BRICK
Total area
7,250 SF
Lot
0.37 ac (16,161 SF)
APN
12-06-13-3-001-056.018
UPID
US03-2376597
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
-
The Meadows of Jacksonville Nursing Home Retirement Community
-
Autumn woods assisted Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$762k
Blend (final)
Blend
$760k
Owner & transaction history
Cleveland Senior Living Homes LLC · 6 yrs held
Cleveland Senior Living Homes LLC
since 2019
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$950,000
+65.2%
Retail stores
$800,000
+39.1%
Restaurant
$790,000
+37.3%
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
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
MEDICAL BUILDING
$575,000
Current use
APARTMENT HOUSE (5+ UNITS)
$950,000
Change: +65% · Conversion: Moderate
RETAIL STORES
$800,000
Change: +39% · Conversion: Difficult
RESTAURANT
$790,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$735,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$685,000
Change: +19% · Conversion: Easy
OFFICE BUILDING
$655,000
Change: +14% · Conversion: Easy
WAREHOUSE, STORAGE
$500,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$105 / 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
$9,075
Tax year 2023
Assessed value
$191,064
Assessed 2023
Previous assessed
$191,064
+0.0% YoY
Effective rate
4.75%
On assessed value
Assessed land
$2,800
Assessed improvement
$188,264
Land market value
$14,000
Improvement market value
$941,320
Total market value
$955,320
Applied tax rate
53.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1994
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
20
Bathrooms
1
Total area
7,250 SF
Lot
0.37 ac (16,161 SF)
APN
12-06-13-3-001-056.018
UPID
US03-2376597
Jurisdiction
CALHOUN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$575,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$950,000
RETAIL STORES
Est. value
$800,000
RESTAURANT
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$735,000
COMMERCIAL (GENERAL)
Est. value
$685,000
OFFICE BUILDING
Est. value
$655,000
WAREHOUSE, STORAGE
Est. value
$500,000
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1994
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
20
Bathrooms
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Cleveland Senior Living Homes LLC
Entity
Mailing address
4938 COUNTY HWY 21, HORTON, AL 35980
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2019
$300,000
Cleveland Senior Living Homes LLC
Crowne Investments INC
Warranty Deed
$1,225,000 · Peoples Bank Of Alabama
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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