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    1775 Chadwick Dr Jackson, MS 39204

    Sponsored
    For Sale
    $110,000

    Prime Jax, FL retail space. High visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    417
    This exceptional 16,400 square foot Class A retail outparcel, situated on 1.02 acres in Jacksonville, FL's prestigious St. Johns Town Center, presents a unique investment opportunity. Built in 2005, this single, two-story building boasts six suites, with a minimum divisible space of 1,600 square feet and the potential for a single tenant to occupy the entire 16,400 square feet. Currently, the entire space is vacant and available for lease. The property enjoys unparalleled visibility from Big Island Drive and Town Center Parkway, a highly trafficked intersection. Its location within the St. Johns Town Center, a thriving "Live, Work, Play" destination and the largest mall between Orlando and Atlanta, ensures high foot traffic and exposure to a diverse clientele. The property is zoned PUD and offers ample parking, making it ideal for a variety of uses, including medical, retail, office, restaurant, or flex space. Its strategic location provides easy access to major roadways, including I-95, I-295, and J. Turner Butler Boulevard, serving a broad customer base from Jacksonville, St. Augustine, Amelia Island, and South Georgia. Neighboring high-profile establishments include Nordstrom, Capital Grille, and Gucci, further enhancing the property's desirability and prestige. This is a rare chance to secure a prominent location in one of Jacksonville's most sought-after retail destinations.

    Property Features for 1775 Chadwick Dr

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    We can help!

    Listing Contact
    Joseph Tubb
    Joseph Tubb

    Learn more

    Property Insight Report

    HighLights

    • 16,400 SF of new construction, pre‑leasing now; spaces from 1,600 SF to 16,400 SF available.
    • Suitable for medical, retail, office, restaurant, or flex uses.
    • Ample parking.
    • High‑visibility location with Big Island Drive frontage.
    • Located in the St. Johns Town Center, a premier Jacksonville shopping destination, near major retailers including Nordstrom, Gucci, and Costco.
    • 1.02 acres, Class A, two‑story building, built in 2005, PUD zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.2568777
    Latitude
    32.2869391

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    FAQs

    What type of property is this?
    Land - Prime Jax, FL retail space. High visibility.
    Where is this land located?
    The property is located at 1775 Chadwick Dr Jackson, MS.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: 16,400 SF of new construction, pre-leasing now; spaces from 1,600 SF to 16,400 SF available.; Suitable for medical, retail, office, restaurant, or flex uses.; Ample parking.
    (601) 606-1900
    Request Owner's contact information
    1775 Chadwick Dr Jackson, MS 39204
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    Jackson, MS 39204
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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.

    More about this property
    1775 Chadwick Dr Jackson, MS 39204
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    We can help!
    Listing Contact
    Joseph Tubb
    Joseph Tubb
    Real Estate License ID: S-50068
    (601) 606-1900
    Learn more
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