Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    240 3rd St S Jacksonville Beach, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail building in the heart of Jacksonville Beach.

    Type:RETAIL
    Property size:
    4,850 SF
    Lot size:
    0.30 Acres
    Price / SF:
    $659/SF
    Added:
    Feb 24, 2025
    Days on Market:
    430
    Last Refresh:
    Apr 5 at 10:29 pm

    Property Features for 240 3rd St S

    General Information

    Standard status
    Active
    Size
    4,850 SF
    Lot size
    0.30 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 240 3rd St S Contact us

    We can help!

    Listing Contact
    Colin Nicholson lll

    Listing agent Colin Nicholson lll

    Listing office SVN | First Coast Commercial Real Estate Specialists

    Listing date Feb 24, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of SVN | First Coast Commercial Real Estate Specialists

    Overview

    Jacksonville Beach Retail Building

    This retail building is located in the heart of Jacksonville Beach. It features JC-1 zoning and high visibility on a hard corner with a stop light. The building has been recently remodeled and is situated on South 3rd St, providing convenient access to Beach Blvd and J Turner Butler. An alley adjacent to the building is used for non-street loading, and a roll-up door is available. The property size is 4,850 square feet.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Floriade Florist — 214 3rd St N, Jacksonville Beach, FL 32250
    • Seahorse Florist Boutique — 725 3rd St N, Jacksonville Beach, FL 32250
    • The Bloom Room — Jacksonville Beach, FL 32250
    • Mary’s Florist — jacksonville beach, fl 32250

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville Beach
    County
    Duval
    State
    Florida
    Longitude
    -81.3917
    Latitude
    30.2917

    Nearby Similar for Sale

    • $899,000
      1,624 SF

      Jacksonville Beach Medical Spa Building

      Retro medical spa building steps from Jacksonville Beach.
      611 4TH Street N, Jacksonville Beach, FL 32250
      View Details
    • $1,595,000
      3,816 SF

      Jacksonville Beach 6-Unit Property

      Six-unit property in Jacksonville Beach with investment potential.
      315 15TH Avenue N, Jacksonville Beach, FL 32250
      View Details
    • $1,999,000
      6,333 SF

      Luxury Coastal Investment Portfolio

      Three designer townhomes near Jacksonville Beach, fully furnished and turnkey.
      921-925 2ND Avenue S, Jacksonville Beach, FL 32250
      View Details
    • $839,900
      2,004 SF

      Renovated Duplex Near Jacksonville Beach

      Updated duplex with modern amenities, near beach, furnished unit.
      840 7TH Avenue S, Jacksonville Beach, FL 32250
      View Details
    • $1,195,000
      2,494 SF

      Jacksonville Beach Triplex Investment

      Income-producing triplex near the beach, dining, and entertainment.
      205 11TH Avenue N, Jacksonville Beach, FL 32250
      View Details
    • $549,000
      1,512 SF

      Jacksonville Beach Multi-Family Opportunity

      Multi-generational beach living with income potential in Jacksonville Beach.
      1907 PENMAN Road, Jacksonville Beach, FL 32250
      View Details
    • $1,200,000
      1,603 SF

      Jacksonville Beach Income Producing Duplex

      Renovated duplex with beach views on a corner lot.
      1334 1ST Street S, Jacksonville Beach, FL 32250
      View Details
    • $450,000
      1,000 SF

      Thriving Salon Space in Jacksonville

      Turnkey hair salon with rental income potential in Jacksonville Beach.
      1401 PENMAN Road D, Jacksonville Beach, FL 32250
      View Details
    • $699,000
      2,028 SF

      Renovated Duplex Near Atlantic Ocean

      Jacksonville Beach duplex, renovated, close to the Atlantic Ocean.
      725 7TH Avenue S, Jacksonville Beach, FL 32250
      View Details
    • Contact for pricing
      4,935 SF

      Jacksonville Beach Office Investment

      4,935 SF office building in prime Jacksonville Beach location.
      705 3rd St N, Jacksonville Beach, FL 32250
      View Details
    • $169,900
      424 SF

      Corner Office Condo For Sale

      Second story office condo with bathroom and shower.
      1100 SHETTER Avenue 205, Jacksonville Beach, FL 32250
      View Details
    • $315,000
      1,413 SF

      Updated Condo Near Jacksonville Beach

      Updated 3-bedroom, 2-bath condo with garage near the beach.
      1701 THE GREENS Way 311, Jacksonville Beach, FL 32250
      View Details

    FAQs

    What type of property is this?
    Storefront property - Retail building in the heart of Jacksonville Beach.
    Where is this storefront property located?
    The property is located at 240 3rd St S Jacksonville Beach, FL.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Prime location in the heart of Jacksonville Beach.; High visibility on a hard corner with a stop light.; JC‑1 zoning suitable for retail.
    (904) 994-8493 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Colin Nicholson lll
    Learn More
    Request Owner's contact information
    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.

    More about this property
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!