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    5610 Ft Caroline Rd Jacksonville, FL 32277-1799

    • Office buildings
    • 5,351 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3451270
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Southeast Elite Movers / Moving And Storage Service / Cleaners
    • lenders 1st choice amc / Appraiser
    • In slay we trust / Hair Salon
    • Whitaker Wellness Spa / Massage Therapist
    • Premier Tax Solutions / Tax Preparation

    Property Details for 5610 Ft Caroline Rd

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.69 lot acres
    Property size
    5,351 SF
    Zone code
    CCG-1
    Property type
    Office buildings
    APN
    128196-0000
    APU
    1281960000

    Description

    This single-story, 7,047 square foot retail and office building, situated on a 0.69-acre lot (29,994 square feet), presents a unique investment opportunity in Jacksonville's Arlington submarket. Constructed in 1978 and renovated in 2010, the property features three suites, with 2,853 square feet currently vacant. The largest contiguous space available measures 2,531 square feet, ideal for a variety of businesses. The building is zoned CCG-1 and offers 120V power. There are no elevators. The property boasts ample parking, a significant advantage for tenants and customers. Its location at 5610 Fort Caroline Road, Jacksonville, FL 32277, places it in close proximity to Jacksonville University, providing excellent visibility and accessibility. This Duval County property offers a compelling blend of affordability and strategic location, making it an attractive option for businesses seeking a well-maintained space in a thriving area. The building's traditional office layout provides a functional and adaptable space for various business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $310,000
      6.5%
      $335,000
      7%
      $305,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $325,000
      Geo Method
      $290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $365,000
      Mixed-Use
      $380,000
      Hospitality
      $305,000
      Educational
      $370,000
      Residential Income
      $295,000
      Energy
      $365,000
      Income-Based Land
      $370,000
      Food Service
      $400,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.604
    Latitude
    30.3643
    CBSA code
    27260
    CBSA name
    JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,750
    $120,052
    $289,948
    $410,000
    -
    $120,052
    $289,948
    $410,000

    Comparable in this City

    • Value Estimation by Request
      816 SF

      5547 Ft Caroline Rd

      OFFICE BUILDING • 816 SF
      5547 Ft Caroline Rd, Jacksonville, FL 32277-1748
      View Details
    • Value Estimation
      $180,000
      4,351 SF

      5555 Ft Caroline Rd

      OFFICE BUILDING • 4,351 SF
      5555 Ft Caroline Rd, Jacksonville, FL 32277-1748
      View Details
    • Value Estimation by Request
      1,890 SF

      8320 Dames Pt Xing N Blvd

      OFFICE BUILDING • 1,890 SF
      8320 Dames Pt Xing N Blvd, Jacksonville, FL 32277-3862
      View Details
    • Value Estimation
      $235,000
      2,003 SF

      5495 Ft Caroline Rd

      OFFICE BUILDING • 2,003 SF
      5495 Ft Caroline Rd, Jacksonville, FL 32277-1777
      View Details
    • Value Estimation
      $320,000
      1,812 SF

      5958 Merrill Rd

      OFFICE BUILDING • 1,812 SF
      5958 Merrill Rd, Jacksonville, FL 32277-3425
      View Details
    • Value Estimation by Request
      1,752 SF

      7236 Merrill Rd

      OFFICE BUILDING • 1,752 SF
      7236 Merrill Rd, Jacksonville, FL 32277-3725
      View Details

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    5610 Ft Caroline Rd
    Jacksonville, FL 32277-1799
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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.

    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
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