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    Goodyear-Branded Auto Service Facility Title is generated by Realmo AI

    5807 Merrill Road, Jacksonville, FL 32277

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    For Sale
    $670,000

    Single-tenant automotive service property with contractual annual increases and long remaining term through 12/31/29.

    Type:Retail
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:39 am

    Property Features for 5807 Merrill Road

    General Information

    Standard status
    Active
    Property subtype
    Retail

    We can help!

    Listing Contact
    Anthony Migliore
    Anthony Migliore

    Listing agent Anthony Migliore

    Listing office

    Listing date Jun 2, 2026

    Source Svn

    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 Anthony Migliore

    HighLights

    • Single‑tenant automotive service property on Jacksonville’s Merrill Road corridor in the Arlington submarket
    • Tenant has been in place since 2020 with contractual annual rental increases
    • Goodyear‑branded automotive service operation has been operating at this location for 38 years
    • Current lease term expires 12/31/29 with two additional 5‑year options remaining
    • Roof replacement completed late December 2020
    • Signalized corner location

    Overview

    SVN First Coast Commercial presents this single-tenant automotive service investment opportunity, currently occupied by a long-standing Goodyear-branded operator. The location has served as a Goodyear Auto Center for 38 years, and the present tenant has been in place since 2020. The property is described as having a roof replacement completed in late December 2020. Rental income is supported by contractual annual rental increases, with the current term expiring 12/31/29. The lease also includes two additional five-year options remaining. The site is identified as a signalized corner, providing prominent drive-up access for customers.

    The property is positioned along Jacksonville’s heavily traveled Merrill Road corridor within the established Arlington submarket. Its location on a signalized corner helps support visibility and ease of customer navigation along this busy thoroughfare.

    For investors, this asset offers the combination of in-place automotive tenancy, contractual rent growth, and a lease structure with extension options. For an automotive-focused operator or ownership group seeking long-term stability, the current tenant arrangement and remaining term through 12/31/29 can help reduce near-term re-leasing risk while maintaining a recognizable service brand.
    Location Intelligence

    Current Use by Public Records

    Budget Truck Rental Car Rental Facility Arlington Tire & Service ... Auto Repair Shop

    Suggested Use

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

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

    Similar Places Nearby

    • D J's Automotive — 2204 University Blvd N, Jacksonville, FL 32211
    • Ralph's Auto Electric — Jacksonville, FL 32211
    • Napa Auto Care Center — 2104 University Blvd N, Jacksonville, FL 32211
    • D&J Automotive Repair Inc — 5514 Burdette Rd, Jacksonville, FL 32211
    • Smart tire — 2104 University Blvd N, Jacksonville, FL 32211

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5985396
    Latitude
    30.3519719

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    FAQs

    What type of property is this?
    Auto shop - Single-tenant automotive service property with contractual annual increases and long remaining term through 12/31/29.
    Where is this auto shop located?
    The property is located at 5807 Merrill Road Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $670,000.
    What are key features of this property?
    This property features: Single‑tenant automotive service property on Jacksonville’s Merrill Road corridor in the Arlington submarket; Tenant has been in place since 2020 with contractual annual rental increases; Goodyear‑branded automotive service operation has been operating at this location for 38 years
    (904) 421-8527
    We can help!
    Listing Contact
    Anthony Migliore
    Anthony Migliore
    Learn More
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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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