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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Medical Office Space
904 Park Ave Orange Park, FL 32073-4120
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2341586
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,212 SF
Lot
0.39 ac (17,000 SF)
Zoning code
CG
APN
49-04-26-018576-001-00
UPID
US18-2341586
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
-
Patel Meena V DC Alternative Medicine Practice
-
Prado Bernardita DC Alternative Medicine Practice
-
Tomasiak Brooke DC Alternative Medicine Practice
-
Absolute Medical Clinic: Trivedi Sanjay MD Alternative Medicine Practice
-
Absolute Medical Clinic: Solanki Haresh MD Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$529k
Blend (final)
Blend
$660k
Owner & transaction history
Patel St Augustine Rebound LLC · 3 yrs held
Patel St Augustine Rebound LLC
since 2023
Last sale
$650,000
2 recorded transactions
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
$730,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$660,000
7%
$610,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$685,000
Current use
AUTO REPAIR, GARAGE
$605,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $650k (May 23 2023)
Last sale anchor
$650k
May 23 2023
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
$205 / 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
$6,681
Tax year 2023
Assessed value
$377,333
Assessed 2023
Previous assessed
$339,285
+11.2% YoY
Effective rate
1.77%
On assessed value
Assessed land
$187,000
Assessed improvement
$190,333
Land market value
$187,000
Improvement market value
$190,333
Total market value
$377,333
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
17
Total area
3,212 SF
Lot
0.39 ac (17,000 SF)
Zoning code
CG
APN
49-04-26-018576-001-00
UPID
US18-2341586
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
$685,000
AUTO REPAIR, GARAGE
Est. value
$605,000
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
17
Lot
0.39 ac
Current owner
From public records · entity-resolved
Patel St Augustine Rebound LLC
Entity
Mailing address
644 CESERY BLVD STE #100, JACKSONVILLE, FL 32211-7165
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2023
$650,000
Patel St Augustine Rebound LLC
Km Of Jacksonville INC
Warranty Deed
$487,500 · Km Of Jacksonville INC
Sep 3, 2010
$562,500
Km Of Jacksonville INC
Gray Living Trust
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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