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    7878 Morse Ave Jacksonville, FL 32244

    For Sale
    $599,000

    Approved 48-unit townhome development on 13.74 acres.

    Property size:
    13 SF
    Lot size:
    13.74 Acres

    Property Features for 7878 Morse Ave

    General Information

    Size
    13 SF
    Lot size
    13.74 Acres

    Source: Colin Nicholson III, CCIM Agent Colin Nicholson III, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Approved Townhome Development Opportunity

    This property presents an opportunity for a 48-unit townhome development, situated on 13.74 acres zoned PUD. Located between Ricker Road and Quail Cove Lane in Jacksonville, Florida, the Cottages at Quail Cove have received all necessary approvals in 2024. All engineering is in place for the development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Spa & Massage Hair Salon Nail Salon Pharmacy Kitchen & Bath Storage Facility HVAC Service Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7781927
    Latitude
    30.2235032

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    FAQs

    What type of property is this?
    Land - Approved 48-unit townhome development on 13.74 acres.
    Where is this land located?
    The property is located at 7878 Morse Ave Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Approved for 48 townhome units.; - Located on 13.74 acres.; - Zoned PUD (Planned Unit Development).
    (904) 994-8493
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    7878 Morse Ave Jacksonville, FL 32244
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    7878 Morse Ave Jacksonville, FL 32244
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