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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Grocery and convenience stores
9115 Merrill Rd Jacksonville, FL 32225-4364
Individually Owned
29-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2900079
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,125 SF
Lot
1.02 ac (44,427 SF)
Zoning code
PUD
APN
120621-0100
UPID
US18-2900079
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
-
Shell Car Wash
-
ATM Atm
-
Daily's and Daily's Dash Grocery & Convenience Store
-
Dr. Kenneth Anenberg Dental Office
-
Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
$850k
Comparable Approach
Comparable
$624k
Blend (final)
Blend
$625k
Owner & transaction history
Coast Energy L L P First · 29 yrs held
Coast Energy L L P First
since 1997
2 recorded transactions
Zoning & alternative use
PUD · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+57.1%
Medical building
$945,000
+42.3%
Auto repair, garage
$880,000
+32.8%
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
$405,000
CAP Approach
CAP Return
Estimation
6%
$920,000
6.5%
$850,000
7%
$790,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$660,000
Current use
COMMERCIAL (GENERAL)
$1,040,000
Change: +57% · Conversion: Easy
MEDICAL BUILDING
$945,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$880,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$800,000
Change: +21% · Conversion: Moderate
RETAIL STORES
$745,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$152 / 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
$38,550
Tax year 2023
Assessed value
$2,129,400
Assessed 2023
Previous assessed
$1,904,600
+11.8% YoY
Effective rate
1.81%
On assessed value
Assessed land
$543,648
Assessed improvement
$1,585,752
Land market value
$543,648
Improvement market value
$1,585,752
Total market value
$2,129,400
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
2
Rooms
5
Bathrooms
10
Total area
4,125 SF
Lot
1.02 ac (44,427 SF)
Zoning code
PUD
APN
120621-0100
UPID
US18-2900079
Jurisdiction
DUVAL
Zoning & alternative use
PUD · Jacksonville, FL
Zoning PUD · permitted uses
PUD · Jacksonville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jacksonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$660,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$945,000
AUTO REPAIR, GARAGE
Est. value
$880,000
OFFICE BUILDING
Est. value
$800,000
RETAIL STORES
Est. value
$745,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
2
Rooms
5
Bathrooms
10
Lot
1.02 ac
Current owner
From public records · entity-resolved
Coast Energy L L P First
Individual
Free & Clear · 29 yrs held
Mailing address
6867 SOUTHPOINT DR N, JACKSONVILLE, FL 32216-8043
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1997
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
Jun 26, 2009
—
First Coast Energy LLP
—
Deed Of Trust
related
$460,000,000 · Bank Of America
Apr 2, 1997
$2,784,000
Coast Energy L L P First
Petro Distributing INC
Grant Deed
related
—
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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