Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    University Blvd Jacksonville, FL 32217

    Sponsored
    For Sale
    $180,000

    Turnkey Bar & Grill, Established Business

    Property size:
    1,848 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    420
    This thriving Jacksonville, FL Mexican bar and grill is available for sale as an asset purchase. Located on University Blvd W in Duval County (zip code 32217), this 1,848 square foot establishment boasts a prime location with high visibility and traffic. The sale includes all furniture, fixtures, and equipment (FF&E), a fully functional commercial kitchen, dining room furniture, bar equipment, POS systems, and an active liquor license for beer, wine, and margaritas (up to 20% alcohol). The restaurant features a diverse menu of traditional Mexican dishes, craft beers, and signature margaritas, and benefits from an established brand and loyal customer base. The current monthly rent is $4,000, and the asking price is $180,000, requiring a 50% down payment. The current owner will provide training and support during the transition. This is an exceptional opportunity for a buyer seeking a turnkey operation with immediate revenue potential. Note: This is an asset sale only; the lease is a NNN lease.

    Property Features for 0 University Blvd

    General Information

    Property type
    Investment properties
    Square Feet
    1,848 SF

    Building Details

    Units
    1

    We can help!

    Listing Contact
    Alexandra Florez
    Alexandra Florez

    Learn more

    HighLights

    • $180,000 asking price for a turnkey Mexican bar and grill.
    • Located in Jacksonville, FL, on University Blvd W, in Duval County, zip code 32217.
    • 1,848 square feet, single unit, NNN lease with $4,000 monthly rent.
    • Includes all furniture, fixtures, and equipment (FF&E), and an active liquor license (beer, wine, margaritas).
    • Seller will provide training and transition assistance; reason for sale is partnership dissolution; 50% down payment required.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6326
    Latitude
    30.2608922

    Nearby Similar for Sale

    • New
      $195,000
      1,143 SF

      San Marco Renovation Opportunity

      Renovation opportunity in historic San Marco neighborhood.
      2325 Bethune Ave, Jacksonville, FL 32207
      View Details
    • $3,850,000
      6,336 SF

      Luxury Estate on Secluded Acreage

      Spacious residence on 12.68 acres with pool and studio.
      3010 Starratt Rd, Jacksonville, FL 32226
      View Details
    • $850,000
      9,450 SF

      Jacksonville Commercial Site For Sale

      Income-producing commercial building with diverse tenant potential in Jacksonville, FL.
      715 N Mcduff Ave, Jacksonville, FL 32209
      View Details
    • $669,900
      3,001 SF

      Renovated Multi-Family Home with Dock

      Renovated multi-family home with deep water access and pool.
      5590 La Moya Ave, Jacksonville, FL 32210
      View Details
    • $3,400,000
      22,344 SF

      Jacksonville Office Investment Opportunity

      Professionally managed Class B office building in Salisbury Lakes Business Park.
      4237 Salisbury Rd, Jacksonville, FL 32216
      View Details
    • $313,300
      2,031 SF

      Income-Generating Jacksonville Investment Opportunity

      Two income properties in Jacksonville with potential for additional development.
      717 Virginia St, Jacksonville, FL 32209
      View Details
    • $800,000
      3,629 SF

      Jacksonville Multifamily Investment Opportunity

      Multifamily property in historic district, all units currently rented.
      2727 Riverside Ave, Jacksonville, FL 32205
      View Details
    • $849,000
      Pending

      Historic Multifamily Home in Springfield

      Historic home with income-generating apartments in Jacksonville's Springfield neighborhood.
      1232 N Laura St, Jacksonville, FL 32206
      View Details
    • $1,475,000
      8,000 SF

      Jacksonville Multifamily Investment Opportunity

      Eight renovated units on four acres with expansion potential.
      123 Mccallman Rd, Jacksonville, FL 32218
      View Details
    • New
      $215,000
      784 SF

      Jacksonville Multifamily Property For Sale

      Multifamily property with two mobile homes on 0.64 acres.
      173 N Chaffee Rd, Jacksonville, FL 32220
      View Details
    • $729,000
      3,040 SF

      Mixed-Use Property with Luxury Apartment

      Office, warehouse, and luxury apartment in one Jacksonville location.
      2016 Cassat Ave, Jacksonville, FL 32210
      View Details
    • $399,900
      1,219 SF

      Retail Storefront on Beach Boulevard

      Retail storefront building and land in high-traffic location.
      5209 Beach Blvd, Jacksonville, FL 32207
      View Details

    FAQs

    What type of property is this?
    Investment property - Turnkey Bar & Grill, Established Business
    Where is this investment property located?
    The property is located at University Blvd Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: $180,000 asking price for a turnkey Mexican bar and grill.; Located in Jacksonville, FL, on University Blvd W, in Duval County, zip code 32217.; 1,848 square feet, single unit, NNN lease with $4,000 monthly rent.
    (904) 885-3077
    Request Owner's contact information
    University Blvd Jacksonville, FL 32217
    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.
    University Blvd
    Jacksonville, FL 32217
    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
    University Blvd Jacksonville, FL 32217
    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
    Alexandra Florez
    Alexandra Florez
    Real Estate License ID: SL3393956
    (904) 885-3077
    Learn more
    Google sign-in failed. Please try again or use another login method.