Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space at Signalized Intersection Title is generated by Realmo AI

    1223 Atlantic Blvd, Neptune Beach, FL 32266

    View on Map
    Claim this Listing
    New
    For Lease
    Contact for pricing

    Ground-level retail positioned at a signalized intersection with strong co-tenants including Aldi and Ace Hardware.

    Type:RETAIL
    Property size:
    22,284 SF
    Added:
    May 29, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 3 at 1:41 am

    Property Features for 1223 Atlantic Blvd

    General Information

    Standard status
    Active
    Size
    22,284 SF
    Property subtype
    RETAIL

    Spaces For Lease

    at 1223 Atlantic Blvd Contact us

    We can help!

    Listing Contact
    Kelly Pulignano
    Kelly Pulignano

    Listing agent Kelly Pulignano License #3370246

    Listing office The Shopping Center Group | Jacksonville

    Listing date May 29, 2026

    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 The Shopping Center Group | Jacksonville

    HighLights

    • Ground‑level retail at the signalized intersection of Atlantic Blvd and Penman Rd in Neptune Beach
    • Co‑tenants include Aldi, Ace Hardware, Tire Kingdom, Vystar Credit Union, and What‑A‑Burger

    Overview

    This retail offering is part of a shopping center storefront environment, totaling 22,284 square feet. The property is positioned for straightforward customer access and is supported by an established tenant mix within the center.

    The site is located at the signalized intersection of Atlantic Blvd and Penman Rd in Neptune Beach. Co-tenants include Aldi, Ace Hardware, Tire Kingdom, Vystar Credit Union, and What-A-Burger, creating a consistent draw for everyday shopping needs. The center is also situated adjacent to affluent beachside communities of Jacksonville, with average household incomes of approximately $150K within a 1-mile radius.

    With a built-in, active retail lineup and visibility from a primary intersection, this space can be a practical fit for retailers looking to join a proven neighborhood center. Tenants that benefit from frequent consumer traffic should find the surrounding tenant mix and target-area demographics especially aligned with day-to-day shopping patterns.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    • Neptune Beach Plaza — Neptune Beach, FL 32266
    • Tradewinds shopping plaza — 1505 Atlantic Blvd, Neptune Beach, FL 32266
    • Shoppes of Northshore — 363 Atlantic Blvd, Atlantic Beach, FL 32233
    • North Beach — 725 Atlantic Blvd, Atlantic Beach, FL 32233
    • Coinstar Kiosk | Bitcoin ATM — Winn Dixie, 1209 Atlantic Blvd, Neptune Beach, FL 32266

    Location Insight

    • Map
    • Local Demand
    City
    Neptune Beach
    County
    Duval
    State
    Florida
    Longitude
    -81.4114
    Latitude
    30.3165

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      FL, Neptune Beach - Marsh Point Rd

      2300 Marsh Point Rd, Unit 200, Neptune Beach, FL 32266
      View Details
    • Contact for pricing
      60,269 SF

      Winn-Dixie Anchored Shopping Center

      60,269 SF shopping center in Neptune Beach, Florida.
      1225 Atlantic Boulevard, Neptune Beach, FL 32266
      View Details
    • Contact for pricing

      Prime Retail Space in Neptune

      High-traffic location with affluent neighborhood demographics.
      1209 Atlantic Blvd., Neptune Beach, FL 32266
      View Details
    • $19 SF/Yr
      1,000 SF

      Retail Space on Atlantic Blvd

      Retail space for rent with frontage on Atlantic Blvd.
      1505-1585 Atlantic Blvd, Neptune Beach, FL
      View Details
    • $10 SF/Yr

      Flexible Workspace Solutions Available

      Global network of workspaces with tailored options for various needs.
      2300 Marsh Point Rd, Suite 200, Neptune Beach, FL 32266
      View Details
    • Contact for pricing
      87,274 SF

      Premier Publix-Anchored Shopping Destination

      Premier shopping center with high visibility and strong demographics.
      630 Atlantic Blvd, Neptune Beach, FL 32266
      View Details

    FAQs

    What type of property is this?
    Shopping center - Ground-level retail positioned at a signalized intersection with strong co-tenants including Aldi and Ace Hardware.
    Where is this shopping center located?
    The property is located at 1223 Atlantic Blvd Neptune Beach, FL.
    What are key features of this property?
    This property features: Ground‑level retail at the signalized intersection of Atlantic Blvd and Penman Rd in Neptune Beach; Co‑tenants include Aldi, Ace Hardware, Tire Kingdom, Vystar Credit Union, and What‑A‑Burger
    (904) 565-2635 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kelly Pulignano
    Kelly Pulignano
    Real Estate License ID: 3370246
    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

    Thank You for Inquiry
    1223 Atlantic Blvd, Neptune Beach, FL 32266
    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.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!