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

    20 west Adams St Jacksonville, FL 32202

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Turn-key restaurant space in downtown Jacksonville's historic building.

    Property Features for 20 west Adams St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Ashleigh Shim
    Source: Crexi

    Listing Agency: Petra Listing Agent: Ashleigh Shim

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

    Learn more

    Overview

    Downtown Jacksonville Restaurant Opportunity

    This 5,069 square foot restaurant space is located in downtown Jacksonville. The space is situated on the first floor of a historic building that serves as student housing for Florida State College at Jacksonville. The turn-key space includes a fully equipped commercial kitchen with a grease trap, making it ready for immediate operation. The property presents an opportunity to establish a restaurant in downtown Jacksonville.
    Location Intelligence

    Current Use by Public Records

    FSCJ Dorms Student Dormitory Pt.S.K.Sharma Astrologer

    Suggested Use

    Restaurant Dental Office Spa & Massage Center Real Estate Agency Hair Salon Nail Salon Daycare Center Building Supply Gym & Fitness Center Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6582094
    Latitude
    30.3276545

    Nearby Similar for Lease

    • New
      $26,107
      21,606 SF

      Jacksonville Flex Facility For Lease

      Flex facility with showroom, office, and warehouse space available for lease.
      619 Cassat Ave, Jacksonville, FL 32205
      View Details
    • $3,600 /Mo
      1,140 SF

      Versatile Commercial Property, Jacksonville, FL

      Flexible commercial space suitable for office, live/work, or storage.
      8540 W Beaver St, Jacksonville, FL 32220
      View Details
    • $1,800 /Mo
      1,280 SF

      Versatile Commercial Space in Jacksonville

      Adaptable commercial space suitable for various business operations.
      9953 Lem Turner Rd, Jacksonville, FL 32208
      View Details
    • $2,300 /Mo
      1,140 SF

      Well-Maintained Office Condo For Rent

      Office condo with enhanced natural light available for lease.
      12627 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • New
      $550 /Mo
      2,080 SF

      Downtown Jacksonville Executive Office Space

      Executive office spaces for rent in the heart of downtown.
      221 E Adams St, Jacksonville, FL 32202
      View Details
    • $6,500 /Mo
      8,300 SF

      Jacksonville Flex Space For Rent

      Flex space with warehouse and office in high-traffic area.
      13755 Atlantic Blvd, Jacksonville, FL 32225
      View Details
    • $2,300 /Mo
      1,381 SF

      Jacksonville Commercial Property For Rent

      Commercial property in Jacksonville, FL, available for rent.
      1417 Larue Ave, Jacksonville, FL 32207
      View Details
    • $1,400 /Mo
      5,359 SF

      Renovated Commercial Office Suite

      Newly renovated office suite with convenient parking and excellent location.
      5600 New Kings Rd, Jacksonville, FL 32209
      View Details
    • $4,400 /Mo
      2,384 SF

      Renovated Office Condo in Jacksonville

      Fully renovated 2,384 SF double office condo for rent.
      unit 1&3 Shellie Rd, Jacksonville, FL 32257
      View Details
    • $27 SF/Yr

      Jacksonville Commercial Space For Rent

      Commercial space suitable for medical, dental, or legal offices.
      1680 Southside Blvd, Jacksonville, FL 32216
      View Details
    • $6,500 /Mo
      7,491 SF

      Renovated Commercial Shop with Sublease

      Two-unit commercial shop available for lease with recent renovations.
      5804 Arlington Rd, Jacksonville, FL 32211
      View Details
    • $1,500 /Mo
      900 SF

      Jacksonville Office Condo For Rent

      Office condo for rent in Timuquana Office Park.
      5911 Timuquana Rd, Jacksonville, FL 32210
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Turn-key restaurant space in downtown Jacksonville's historic building.
    Where is this conventional restaurant located?
    The property is located at 20 west Adams St Jacksonville, FL.
    What are key features of this property?
    This property features: - Turn-key 5,069 SF restaurant space with **fully equipped commercial kitchen and grease trap.**; - Located in the epicenter of downtown Jacksonville's transformation.; - Located on the first floor of a beautifully preserved historic building.
    Request Owner's contact information
    20 west Adams St Jacksonville, FL 32202
    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.
    20 west Adams St
    Jacksonville, FL 32202
    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
    20 west Adams St Jacksonville, FL 32202
    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
    Ashleigh Shim
    Real Estate License ID: SL3573882
    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!