Retail Storefront with
For Sale
$375,000
5940 MERRILL Road, Jacksonville, FL 32277
Commercial Sale, Jacksonville, FL
Property Size1,892 SF
Lot Size0.25 Acres
Price / SF$198.20
Days on Market137
Property Features for 5940 MERRILL Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot
Lot features
Cleared
Directions
From downtown Jacksonville take the Matthews Bridge (FL 115 S) to University Blvd N. Turn right on Merrill Road and drive .3 miles. The property will be on the right.
Subdivision
041-Arlington
Standard status
Active
APN
1161000000
Size
1,892 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4442
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1963
Floors in Building
1
Number of units
1
Building materials
Concrete, Stucco
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS ST JOHNS · Keller Williams Realty
(904) 867-7694
Listed By:
CHRISTINA WELCH
(904) 404-1640
Added: Jun 4
Changed: Oct 8
Last Checked: Oct 18 at 11:06PM
MLS# 2148757
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,892-square-foot storefront property sits on a 0.25-acre lot and was built in 1963. The building uses concrete and stucco construction, with a shingle roof, electric heat, one bathroom, public water, and public sewer. An on-site parking lot provides customer and staff parking.
Located at 5940 Merrill Road in Jacksonville, the property fronts a high-traffic thoroughfare with street frontage and regular drive-by exposure. Jacksonville University is nearby, placing the site within reach of students, faculty, and area visitors. CCG-1 zoning accommodates a broad mix of professional, retail, and service establishments, with additional community-focused and specialized uses potentially permitted by exception.
Located at 5940 Merrill Road in Jacksonville, the property fronts a high-traffic thoroughfare with street frontage and regular drive-by exposure. Jacksonville University is nearby, placing the site within reach of students, faculty, and area visitors. CCG-1 zoning accommodates a broad mix of professional, retail, and service establishments, with additional community-focused and specialized uses potentially permitted by exception.
Key Highlights
- 1,892 SF storefront building on a 0.25‑acre lot
- CCG‑1 zoning supports retail, professional, and service uses
- On‑site parking lot
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
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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, professional, service, and select community-oriented uses.
Where is this storefront property located?
The property is located at 5940 MERRILL Road 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: 1,892 SF storefront building on a 0.25‑acre lot; CCG‑1 zoning supports retail, professional, and service uses; On‑site parking lot
