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Property profile & analytics
OFF-MARKET
Estimated value
$3,270,000
Office buildings
9150 Philips Hwy Jacksonville, FL 32256
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US18-5396461
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,048 SF
Lot
3.97 ac (173,099 SF)
Zoning code
IL
APN
152580-0000
UPID
US18-5396461
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
-
Saxon Business Systems Copier Repair Service Office Equipment Rental Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.69M
Comparable Approach
Comparable
$3.74M
Blend (final)
Blend
$3.27M
Owner & transaction history
Cavallaro & Lee LLC · 20 yrs held
Cavallaro & Lee LLC
since 2006
3 recorded transactions
Zoning & alternative use
IL · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Industrial Light (IL) District. The permitted uses and structures, accessory uses and structures, permissible uses by exception, minimum lot and yard requirements, and maximum lot coverage and height of buildings and structures shall be as provided in
Zone name
Industrial Light
General category
INDUSTRIAL
Zone area
16,098.09 ac
Source
Zoning Ordinance
Top alternative use upside
Commercial (general)
$4.1M
+19.4%
Medical building
$3.7M
+8.2%
Auto repair, garage
$3.4M
+1.0%
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%
$3,995,000
6.5%
$3,690,000
7%
$3,425,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,390,000
Current use
COMMERCIAL (GENERAL)
$4,050,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$3,665,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,420,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$2,905,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$3.27M
Range $2.94M – $3.60M · ±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
$204 / 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
$50,964
Tax year 2023
Assessed value
$2,750,500
Assessed 2023
Previous assessed
$2,540,200
+8.3% YoY
Effective rate
1.85%
On assessed value
Assessed land
$864,670
Assessed improvement
$1,885,830
Land market value
$864,670
Improvement market value
$1,885,830
Total market value
$2,750,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
50
Rooms
50
Bathrooms
30
Total area
16,048 SF
Lot
3.97 ac (173,099 SF)
Zoning code
IL
APN
152580-0000
UPID
US18-5396461
Jurisdiction
DUVAL
Zoning & alternative use
IL · Jacksonville, FLZoning IL · permitted uses
IL · Jacksonville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Industrial Light (IL) District. The permitted uses and structures, accessory uses and structures, permissible uses by exception, minimum lot and yard requirements, and maximum lot coverage and height of buildings and structures shall be as provided in
Zone name
Industrial Light
General category
INDUSTRIAL
Zone area
16,098.09 ac
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.4M
RETAIL STORES
Est. value
$2.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
Units
50
Rooms
50
Bathrooms
30
Lot
3.97 ac
Current owner
From public records · entity-resolved
Cavallaro & Lee LLC
Entity
Mailing address
9150 PHILIPS HWY #2, JACKSONVILLE, FL 32256-1308
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2006
$927,800
Cavallaro & Lee LLC
Aldala Corp
Special Warranty Deed
$2,324,000 · Colonial Bank NA
Jan 18, 2001
$345,000
Rpm Group Of Jacksonville INC
Aldala Corp
Grant Deed
$700,000 · Southtrust Bank NA
Dec 30, 1997
$725,000
Aldala Corp
Allstate Electrical Contractor
Grant Deed
$2,100,000 · American National Bank Fl
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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