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    The Largest CRE Database in the US with Over 1 Million Listings

    ERIC RICE, Orange Park, FL

    License ID: 3421048
    Years of Experience
    5

    Service Locations

    Contact details

    Phone:
    (904) 229-2619
    Office Address:
    151 COLLEGE DR STE 13, Suite 500, Orange Park, FL 32065

    Property Types

    • Land
    • Residential Multi Family

    Performance

    Listings
    32
    Total transactions
    49
    Total transactions amount
    $8M
    Price range
    $7.2k - 585k
    Average price
    $163k

    Listings

    For Sale (32)

    View map
    • Contact for pricing
      0.57 Acres

      Jacksonville Vacant Land Opportunity

      Vacant land in Jacksonville's Southside, convenient to amenities.
      Imogene Ave, Jacksonville, FL 32246
      View Details
    • $30,000
      0.28 Acres

      Vacant Lots Ready for Development

      Two vacant lots in Jacksonville, FL, ready for development.
      Ella St, Jacksonville, FL 32209
      View Details
    • $35,000
      0.34 Acres

      Vacant Lot in Jacksonville, FL

      Vacant lot for custom home in desirable Jacksonville location.
      3345 Lowell Ave, Jacksonville, FL 32254
      View Details
    • Contact for pricing
      0.07 Acres

      Residential Lot in Jacksonville, FL

      Residential lot for sale, ideal for building a home.
      Privette St, Jacksonville, FL 32206
      View Details
    • $40,000
      0.34 Acres

      Residential Lot in Jacksonville, FL

      0.34-acre residential lot, ready for your dream home.
      Langley St, Jacksonville, FL 32209
      View Details
    • $375,000
      2,776 SF

      Jacksonville Quadplex: Income and Versatility

      Quadplex in downtown Jacksonville with income potential and convenient location.
      1562 Morgan St, Jacksonville, FL 32209
      View Details
    • $60,000
      0.40 Acres

      Residential Lot in Jacksonville, FL

      Vacant residential lot in an established Jacksonville neighborhood.
      Bob-O-Link Rd, Jacksonville, FL 32219
      View Details
    • $75,000
      1.04 Acres

      Residential Lot in Growing Area

      Spacious residential lot in Jacksonville, offering flexibility and long-term potential.
      Wyandotte Ave, Jacksonville, FL 32205
      View Details
    • Contact for pricing
      0.13 Acres

      Jacksonville Land For Sale

      Vacant lot for dream home in growing Jacksonville area.
      Division St, Jacksonville, FL 32209
      View Details
    • Contact for pricing
      Pending

      Vacant Lot in Jacksonville, FL

      Vacant land ready for new construction in Jacksonville, Florida.
      Orange Dale Ave, Jacksonville, FL 32218
      View Details
    • $35,000
      0.42 Acres

      Vacant Land in Jacksonville, FL

      Vacant lot to build your dream home.
      Merivale Rd, Jacksonville, FL 32208
      View Details
    • Contact for pricing
      0.18 Acres

      Residential Land in Jacksonville, FL

      Vacant lot in a growing Jacksonville community, ready for development.
      28TH 28Th St E, Jacksonville, FL 32206
      View Details
    • Contact for pricing
      0.13 Acres

      Residential Land in Established Neighborhood

      Corner lot ideal for building a dream home in Jacksonville.
      5Th Ave, Jacksonville, FL 32208
      View Details
    • Contact for pricing
      0.04 Acres

      Residential Land in Established Neighborhood

      Land parcel in Jacksonville, close to amenities, ideal for building.
      W 22Nd St, Jacksonville, FL 32206
      View Details
    • $30,000
      0.51 Acres

      Residential Land in Jacksonville, FL

      Residential land parcel in established Jacksonville neighborhood, close to amenities.
      Hilly Rd, Jacksonville, FL 32208
      View Details
    • $30,000
      0.88 Acres

      Spacious Wooded Lot For Sale

      0.88-acre wooded lot perfect for building your dream home.
      2374 C Street Ln, Jacksonville, FL 32209
      View Details
    • Contact for pricing
      0.07 Acres

      Vacant Land Parcel in Jacksonville

      Prime vacant land parcel ready for development in Jacksonville, Florida.
      E 27Th St, Jacksonville, FL 32206
      View Details
    • Contact for pricing
      0.33 Acres

      Wooded Lot Near Downtown

      0.33 acre wooded lot close to downtown Jacksonville.
      Hilly Rd, Jacksonville, FL 32208
      View Details
    • $385,000
      3,456 SF

      Jacksonville Quadplex: Fully Rented

      Fully rented quadplex in Jacksonville, offering consistent cash flow.
      1162 W 21St St, Jacksonville, FL 32209
      View Details
    • $75,000
      0.38 Acres

      Vacant Land in Jacksonville, FL

      Well-located vacant parcel near amenities and interstate access in Jacksonville.
      Cortez Rd, Jacksonville, FL 32246
      View Details
    • $435,000
      2,704 SF

      Jacksonville Quadplex Investment Opportunity

      Fully-rented quadplex in growing downtown district, unbeatable location.
      1559 Van Buren St, Jacksonville, FL 32206
      View Details
    • $38,000
      0.61 Acres

      Expansive Land in Growing Area

      Over half-acre lot in a rapidly growing Jacksonville area.
      Benedict Rd, Jacksonville, FL 32209
      View Details
    • $35,000
      0.77 Acres

      Expansive Lot in Growing Area

      Over half-acre lot in a rapidly growing Jacksonville area.
      Hamilton Cir, Jacksonville, FL 32209
      View Details
    • $49,900
      0.71 Acres

      Expansive Lot in Growing Area

      Over half-acre lot in a rapidly growing Jacksonville area.
      4526 Moncrief Rd W, Jacksonville, FL 32209
      View Details
    • $30,000
      0.35 Acres

      Land in Growing Jacksonville Area

      Under half-acre lot in a rapidly growing Jacksonville area.
      W 18Th St, Jacksonville, FL 32209
      View Details
    • $30,000
      0.22 Acres

      Jacksonville Land: Development Opportunity

      Vacant land in growing area, flexible zoning, investment potential.
      Rutledge Oaks Ln, Jacksonville, FL 32208
      View Details
    • $30,000
      0.22 Acres

      Jacksonville Land Opportunity

      Vacant land in growing area, flexible zoning.
      Rutledge Oaks Ln, Jacksonville, FL 32208
      View Details
    • $30,000
      0.22 Acres

      Jacksonville Land Opportunity

      Vacant land in growing area, flexible zoning.
      Rutledge Oaks Ln, Jacksonville, FL 32208
      View Details
    • Contact for pricing
      0.07 Acres

      Jacksonville, FL Vacant Land Parcel

      Vacant land parcel ready for development in Jacksonville, Florida.
      Moncrief-Dinsmore Rd, Jacksonville, FL 32219
      View Details
    • Contact for pricing
      0.07 Acres

      Vacant Land Parcel in Jacksonville

      Prime vacant land parcel ready for development in Jacksonville, Florida.
      Dekle Ave, Jacksonville, FL 32219
      View Details
    • Contact for pricing
      0.24 Acres

      Vacant Land Parcel in Jacksonville

      Prime vacant land parcel ready for development in Jacksonville, Florida.
      Dahlia Rd, Jacksonville, FL 32254
      View Details
    • Contact for pricing
      0.19 Acres

      Vacant Land Parcel in Jacksonville

      Prime vacant land parcel ready for development in Jacksonville, Florida.
      Greenes Pl, Jacksonville, FL 32209
      View Details

    Leases and Sales on Map

    • For Sale

    Properties for sale

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    ERIC RICE, Orange Park, FL
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    ERIC RICE, Orange Park, FL
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