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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Auto shops
815 3rd S St Jacksonville Beach, FL 32250-6609
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2822684
Property summary
AI-generated overview
This exceptional commercial property, located at 815 3rd Street N in Jacksonville Beach, Florida, presents a lucrative investment opportunity. Priced at $875,000, this single-unit retail space sits on a substantial 6,098.4 square foot lot. Built in 1942, the one-story building is currently under lease, providing immediate income potential. The property's zoning, JC-1, allows for a variety of uses, making it ideal for both owner-occupancy and rental income generation. Its location in a high-traffic area of Jacksonville Beach ensures excellent visibility and accessibility for businesses. The property's history and current lease status offer a unique blend of established value and future growth potential. This is a rare chance to acquire a well-situated commercial property in a thriving coastal community. The property's size and zoning provide flexibility for a range of commercial ventures, capitalizing on the area's strong economic activity and high volume of pedestrian and vehicular traffic. Serious inquiries are encouraged to explore this promising investment. The property's address is 815 3rd Street N, Jacksonville Beach, FL 32250, within Duval County.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1988
Construction
STEEL FRAME
Total area
7,028 SF
Lot
0.57 ac (25,000 SF)
Zoning code
JC-1
APN
176100-0000
UPID
US18-2822684
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
$3.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.00M
Owner & transaction history
Bbk Realty Investments LLC · 2 yrs held
Bbk Realty Investments LLC
since 2024
Last sale
$3.0M
4 recorded transactions
Zoning & alternative use
JC-1 · Jacksonville Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+149.1%
Office building
$1.9M
+23.9%
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jacksonville Beach 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
$3,000,000
ML approach
$3,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,735,000
Change: +149% · Conversion: Difficult
OFFICE BUILDING
$1,855,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10% · vs last sale $3.00M (Jul 15 2024)
Last sale anchor
$3.00M
Jul 15 2024
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
$427 / 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
$27,618
Tax year 2023
Assessed value
$1,651,600
Assessed 2023
Previous assessed
$1,540,500
+7.2% YoY
Effective rate
1.67%
On assessed value
Assessed land
$1,125,000
Assessed improvement
$526,600
Land market value
$1,125,000
Improvement market value
$526,600
Total market value
$1,651,600
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
CONVECTION
Cooling
AC.PACKAGE
Stories
1
Units
2
Rooms
2
Bathrooms
8
Total area
7,028 SF
Lot
0.57 ac (25,000 SF)
Zoning code
JC-1
APN
176100-0000
UPID
US18-2822684
Jurisdiction
DUVAL
Zoning & alternative use
JC-1 · Jacksonville Beach, FL
Zoning JC-1 · permitted uses
JC-1 · Jacksonville Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jacksonville Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.7M
OFFICE BUILDING
Est. value
$1.9M
RESTAURANT
OFFICE 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
1988
Construction
STEEL FRAME
Heating
CONVECTION
Cooling
Yes
Stories
1
Units
2
Rooms
2
Bathrooms
8
Lot
0.57 ac
Current owner
From public records · entity-resolved
Bbk Realty Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3040 HOLCOMB BRG RD STE B1, NORCROSS, GA 30071-1357
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2024
$3,000,000
Bbk Realty Investments LLC
First Street Investments INC
Special Warranty Deed
—
Nov 30, 1999
$750,000
Hy W Kliman
Times Square Shopping Center
Grant Deed
—
Jun 16, 1998
$575,000
Times Square Shopping Center
Kenmar Holding Corp
Grant Deed
—
Oct 4, 1996
$7,000
Chuck Hall
Parker,jennifer M
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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