Storefront Retail
For Sale
$375,000
5940 Merrill Rd, Jacksonville, FL 32277
CCG-1 zoning supports retail, office, service, and other listed community-oriented uses.
Property Size1,892 SF
Price / SF$198.20
Days on Market209
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Property Features for 5940 Merrill Rd
General Information
Standard status
Active
Size
1,892 SF
Property subtype
Commercial
Building Details
Year Built
1963
Listing Agency:
KELLER WILLIAMS ST JOHNS
Listed By:
CHRISTINA WELCH · License #3186165
(904) 652-5538
Source:
Myfirstcoasthomesearch
Added: Mar 21
Changed: Oct 1
Last Checked: Oct 14 at 11:33PM
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 KELLER WILLIAMS ST JOHNS
Investment Insights
Based on property information with market context.
This storefront property at 5940 Merrill Rd in Jacksonville was built in 1963 and includes dedicated on-site parking. Its position along Merrill Road provides street frontage and exposure to daily drive-by traffic.
The property is located near Jacksonville University, placing it within an established institutional setting. CCG-1 zoning allows professional, retail, and service establishments, along with banks, offices, indoor entertainment, day care centers, churches, and art studios. Multi-family residential units integrated with permitted uses and nightclubs may be allowed by exception.
The property is located near Jacksonville University, placing it within an established institutional setting. CCG-1 zoning allows professional, retail, and service establishments, along with banks, offices, indoor entertainment, day care centers, churches, and art studios. Multi-family residential units integrated with permitted uses and nightclubs may be allowed by exception.
Key Highlights
- 5940 Merrill Rd, Jacksonville, FL 32277
- Built in 1963
- Dedicated on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,384
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,680
$427.7K
Cap Rate 7%
$305,486
$305.5K
Cap Rate 9%
$237,600
$237.6K
Market Conditions
NOI Build-Up for 1,892 SF
Gross rent
$34.1K $18.00/SF
− Vacancy
−$3.5K −$1.85/SF
EGI
$30.5K $16.15/SF
− OpEx
−$9.2K −$4.84/SF
NOI
$21.4K $11.30/SF
Area
Jacksonville, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,680
Cap Rate 7%
$305,486
Cap Rate 9%
$237,600
Alternative Uses
Best Use
Retail
$305.5K
$267.3K – $356.4K
NOI $21,384 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$518.3K
$453.5K – $604.7K
NOI $36,281 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
42k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 18%
Groceries 18%
Electronics 2%
Taco Bell
Dining
10,810 visits/mo
0.0 miles
Burger King
Dining
8,932 visits/mo
0.0 miles
ABC Fine Wine & Spirits
Groceries
7,478 visits/mo
0.2 miles
AutoZone
Shops & Services
7,209 visits/mo
0.2 miles
Pizza Hut
Dining
3,786 visits/mo
0.2 miles
Demographics for 32277, FL
33,174
Population
14,025
Households
2.4
Avg Household Size
35
Median Age
24%
College-Educated
90%
High-School Grad
7.2 sq mi
ZIP Area
4,608
Density / Sq Mi
$60,215
Median Household Income
$35,300
Median Earnings
$1,297
Median Rent
$256,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Storefront property - CCG-1 zoning supports retail, office, service, and other listed community-oriented uses.
Where is this storefront property located?
The property is located at 5940 Merrill Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 5940 Merrill Rd, Jacksonville, FL 32277; Built in 1963; Dedicated on‑site parking
