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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Medical Office Space
847 Park Ave Orange Park, FL 32073-4117
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-5251937
Property summary
AI-generated overview
This exceptional 4,327 square foot commercial property, located on US-17 (Park Ave), offers flexible and customizable space ideal for various businesses. Three suites are available, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 4,327 square feet. The building boasts 115 feet of road frontage on a busy thoroughfare experiencing over 61,000 vehicles daily, ensuring excellent visibility and accessibility. Features include drive-in/drive-out access, ample disabled parking, and secure building access. The interior layout is adaptable, accommodating diverse needs with options for reception areas, open spaces, private rooms, and multiple restrooms. This property presents a unique opportunity to establish a strong presence in a high-traffic location. The entire building is currently vacant, providing a blank canvas for your business. The prominent location and high visibility make this an ideal space for businesses seeking maximum exposure. Don't miss this chance to secure a prime commercial space in a thriving area.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,327 SF
Lot
0.73 ac (31,625 SF)
Zoning code
CG
APN
41-04-26-018594-000-00
UPID
US18-5251937
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
-
William Raleigh Thompson Jr Pediatrician Physician
-
Park Medical Center Physician
-
Thompson Jr W Raleigh MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
$885k
Comparable Approach
Comparable
$843k
Blend (final)
Blend
$800k
Owner & transaction history
Park847 LLC · 2 yrs held
Park847 LLC
since 2024
Last sale
$800,000
1 recorded transaction
Zoning & alternative use
CG · Orange Park, 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 Orange Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange Park 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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
$960,000
6.5%
$885,000
7%
$820,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$925,000
Current use
AUTO REPAIR, GARAGE
$815,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Apr 10 2024)
Last sale anchor
$800k
Apr 10 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
$185 / 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
$11,439
Tax year 2023
Assessed value
$643,431
Assessed 2023
Previous assessed
$643,431
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$371,500
Assessed improvement
$271,931
Land market value
$371,500
Improvement market value
$271,931
Total market value
$643,431
Applied tax rate
4.0000
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
Off-Market
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
15
Total area
4,327 SF
Lot
0.73 ac (31,625 SF)
Zoning code
CG
APN
41-04-26-018594-000-00
UPID
US18-5251937
Jurisdiction
CLAY
Zoning & alternative use
CG · Orange Park, FL
Zoning CG · permitted uses
CG · Orange Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orange Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$815,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
15
Lot
0.73 ac
Current owner
From public records · entity-resolved
Park847 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4581 GLN KERNAN PKWY E, JACKSONVILLE, FL 32224-5628
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2024
$800,000
Park847 LLC
Galendeco INC
Special Warranty 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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