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

    2981 Parental Home Rd Jacksonville, FL 32216

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    Contact for pricing

    Multifamily property featuring multiple buildings and potential housing options.

    Property size:
    34,607 SF
    Lot size:
    3.79 Acres

    Property Features for 2981 Parental Home Rd

    General Information

    Standard status
    Pending
    Size
    34,607 SF
    Lot size
    3.79 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Donna Bailey
    Source: Exitrealty

    Listing Agency: PICKETT HOME ADVISORS, LLC Listing Agent: Donna Bailey

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

    Learn more

    Overview

    Multifamily Property with Multiple Buildings

    This property comprises multiple buildings, including five buildings each containing 8 apartments, a large main building, and an additional smaller building. Furthermore, the property includes 3 to 4 trailers that could be utilized for housing. Note that one of the trailers will not be included in the sale and will be clearly marked. The total property size is 34607 square feet. Currently, all buildings are vacant and without power. The property is located on Parental Home Road in Jacksonville, Florida.
    Location Intelligence

    Current Use by Public Records

    River Region Human ... Charitable Organization Arenz Rachelle A Counselor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5906729
    Latitude
    30.2717724

    Nearby Similar for Sale

    • $729,000
      3,040 SF

      Mixed-Use Property with Luxury Apartment

      Office, warehouse, and luxury apartment in one Jacksonville location.
      2016 Cassat Ave, Jacksonville, FL 32210
      View Details
    • $850,000
      9,450 SF

      Jacksonville Commercial Site For Sale

      Income-producing commercial building with diverse tenant potential in Jacksonville, FL.
      715 N Mcduff Ave, Jacksonville, FL 32209
      View Details
    • $750,000
      3,561 SF

      Professional Office Suite in Jacksonville

      3,561 SF office suite with excellent regional connectivity.
      9310 Old Kings Rd S, Jacksonville, FL 32257
      View Details
    • $875,000
      2,515 SF

      Arlington Expressway Commercial Property

      High-visibility commercial property with redevelopment potential along Arlington Expressway.
      6200 Arlington Expy, Jacksonville, FL 32211
      View Details
    • New
      $315,000
      2,520 SF

      Jacksonville Commercial/Residential/Office Opportunity

      Versatile property zoned for commercial, residential, or office use.
      2848 Edgewood Ave W, Jacksonville, FL 32209
      View Details
    • $925,000
      7,491 SF

      Jacksonville Commercial Shop Property

      Turnkey commercial property with recent extensive improvements in Jacksonville, FL.
      5804 Arlington Rd, Jacksonville, FL 32211
      View Details
    • $772,000
      3,468 SF

      Jacksonville Commercial Property For Sale

      Commercial building in Springfield area location, great opportunity!
      2504 N Main St, Jacksonville, FL 32206
      View Details
    • $862,654
      2,965 SF

      Renovated Commercial Building on Large Lot

      Modern, renovated commercial building with prime road frontage on 0.67-acre lot.
      6126 Atlantic Blvd, Jacksonville, FL 32211
      View Details
    • New
      $352,000
      2,975 SF

      The Pony Show

      Own the Permit, Skip the Process | Freestanding Bar/Entertainment Site | I-10 Access
      609 N Mcduff Ave, Jacksonville, FL 32254
      View Details
    • New
      $315,000
      2,520 SF

      Jacksonville Commercial Day-Care Facility

      Commercial/Residential/Office zoned property operating as a day-care facility.
      2848 Edgewood Ave W, Jacksonville, FL 32209
      View Details
    • $449,000
      1,235 SF

      San Marco Mixed-Use Property

      Charming home or commercial space in unbeatable San Marco location.
      1903 Dewey Pl, Jacksonville, FL 32207
      View Details
    • $625,000
      6,500 SF

      Highway 90 Commercial Opportunity

      Highly visible commercial property on Highway 90 in Jacksonville.
      9100 W Beaver St, Jacksonville, FL 32220
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multifamily property featuring multiple buildings and potential housing options.
    Where is this apartment building located?
    The property is located at 2981 Parental Home Rd Jacksonville, FL.
    What are key features of this property?
    This property features: - Multiple buildings offer diverse possibilities for redevelopment or repurposing.; - Five buildings contain a total of 40 apartments.; - Includes a large main building, offering substantial space.
    (904) 735-3539
    Request Owner's contact information
    2981 Parental Home Rd Jacksonville, FL 32216
    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.
    2981 Parental Home Rd
    Jacksonville, FL 32216
    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
    2981 Parental Home Rd Jacksonville, FL 32216
    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

    We can help!
    Listing Contact
    Donna Bailey
    Real Estate License ID: 3513111
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!