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    Kernan Plaza Retail Opportunity Title is generated by Realmo AI

    3503 Kernan Boulevard South, Jacksonville, FL 32224

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    Retail shopping center in Jacksonville, Florida, shadow-anchored by Publix.

    Type:Retail
    Property size:
    10,400 SF
    Lot size:
    1.03 Acres
    Added:
    May 14, 2026
    Days on Market:
    20
    Last Refresh:
    May 16 at 8:45 pm

    Property Features for 3503 Kernan Boulevard South

    General Information

    Standard status
    Active
    Size
    10,400 SF
    Lot size
    1.03 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    2002

    We can help!

    Listing Contact
    Daniel Burkhardt

    Listing agent Daniel Burkhardt License #FL 3260896

    Listing office NAI Hallmark

    Listing date May 14, 2026

    Source Crexi

    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 NAI Hallmark

    HighLights

    • Shadow‑anchored by Publix, providing consistent customer traffic.
    • Located on Kernan Boulevard with direct access and high visibility.
    • Proximity to Beach Boulevard, a major thoroughfare with 52,000 AADT.
    • Cash‑flowing retail asset with value‑add upside potential.
    • Situated in one of Jacksonville's most coveted areas.
    • Multi‑tenant retail shopping center totaling 10,400 square feet on 1.03 acres.

    Overview

    Kernan Plaza is a single-story, multi-tenant retail shopping center located at 3503 Kernan Blvd South, Jacksonville, Florida 32224. The property has a total of 10,400 square feet and is situated on 1.03 acres of land. The property is shadow anchored by Publix and offers direct access to Kernan Boulevard. It is in close proximity to Beach Boulevard, a primary east-west thoroughfare in the Jacksonville MSA with an Average Annual Daily Traffic count of 52,000. This property presents an opportunity to invest in a retail asset with potential for increased value.
    Location Intelligence

    Current Use by Public Records

    Custom Ts Custom T-Shirt Store A Bit of Saigon Restaurant Image Hair Studio Hair Salon Paper Airplane Behavioral ... Crisis Center Natural Life CBD ... Specialty Food Shop

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Similar Places Nearby

    • Mindfully tattoos — 12187 beach blvd, jacksonville, fl 32246
    • Youtopia Hair & Skin Studio — 12192 Beach Blvd #9, Jacksonville, FL 32246

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.4886426
    Latitude
    30.2853336

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    FAQs

    What type of property is this?
    Shopping center - Retail shopping center in Jacksonville, Florida, shadow-anchored by Publix.
    Where is this shopping center located?
    The property is located at 3503 Kernan Boulevard South Jacksonville, FL.
    What are key features of this property?
    This property features: Shadow‑anchored by Publix, providing consistent customer traffic.; Located on Kernan Boulevard with direct access and high visibility.; Proximity to Beach Boulevard, a major thoroughfare with 52,000 AADT.
    (904) 404-4451 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Daniel Burkhardt
    Real Estate License ID: FL 3260896
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    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.

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