Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    Karl Erickson, Jacksonville, FL

    License ID: 281540898
    EXP REALTY LLC
    Years of Experience
    2

    Contact details

    Phone:
    (813) 245-6181

    Performance

    Listings
    14
    Total transactions
    19
    Total transactions amount
    $2M
    Price range
    $70k - 158k
    Average price
    $105k

    Listings

    For Sale (14)

    View map
    • Contact for pricing
      Pending

      Lehigh Acres Land For Sale

      Cleared quarter-acre lot ready for new home construction.
      1244 Fontana St E, Lehigh Acres, FL 33974
      View Details
    • New
      $42,500
      Pending

      Golden Gate Estates Homesite

      1.14 acre homesite in rapidly expanding Naples neighborhood.
      24th 24Th Ave NE, Naples, FL 34120
      View Details
    • $135,500
      1.59 Acres

      Golden Gate Estates Vacant Land

      1.59 acre vacant land in Golden Gate Estates.
      190 19Th St NW, Naples, FL 34120
      View Details
    • $52,000
      1.59 Acres

      Golden Gate Estates Land Parcel

      1.59-acre property in Naples, ready for a new home.
      2790 60Th Ave NE, Naples, FL 34120
      View Details
    • New
      $50,000
      0.33 Acres

      Punta Gorda Land Opportunity

      Three side-by-side lots in Punta Gorda, Florida.
      27463 Mandalay Dr, Punta Gorda, FL 33955
      View Details
    • New
      $139,900
      0.07 Acres

      RV Site in Gated Community

      RV site with golf cart in Naples resort community.
      1022 Crystal Lk Dr, Naples, FL 34120
      View Details
    • Contact for pricing

      Modern Condominium in Alger Heights

      Income-qualified 2-3 bedroom condominium in Alger Heights.
      2550 Eastern #124, Grand Rapids, MI 49507
      View Details
    • Contact for pricing

      Acreage Property in Flagler Estates

      Over an acre of land, ideal for nature lovers.
      10620 Yeager Ave, Hastings, FL 32145
      View Details
    • Contact for pricing

      Land in Flagler Estates

      Over an acre of land with trees and easy utility access.
      10620 Beckenger Ave, Hastings, FL 32145
      View Details
    • $102,490

      Land For Sale

      Land available at the intersection of SW 30th Street.
      2000 SW 30Th St, Cape Coral, FL 33914
      View Details
    • Contact for pricing

      Land for Sale

      Land available in Lehigh Acres, Florida.
      3902 E 10Th St, Lehigh Acres, FL 33972
      View Details
    • $135,500

      Golden Gate Estates Vacant Acreage

      1.59 acre lot in a developed area.
      190 19Th St NW, Naples, FL 34120
      View Details
    • $68,490

      Land Parcel on Deerwood Avenue

      Land parcel available on Deerwood Avenue in Perry, Florida.
      835 Deerwood Ave, Perry, FL 32348
      View Details
    • $44,000

      Golden Gate Estates Homesite

      1.14 acre homesite in rapidly expanding Golden Gate Estates.
      24th 24Th Ave NE, Naples, FL 34120
      View Details

    Leases and Sales on Map

    • For Sale

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    Karl Erickson, Jacksonville, FL
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Send Message to
    Karl Erickson, Jacksonville, FL
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    (813) 245-6181
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!