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    9501 Arlington Expy Jacksonville, FL 32225

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    For Sale
    Contact for pricing

    Prime Jacksonville retail space, high traffic area.

    Property size:
    133,542 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This exceptional commercial property presents a significant investment opportunity in a high-traffic retail corridor of Jacksonville, Florida. The offering encompasses a substantial 133,542 square foot, two-story former Sears department store building, situated on a generous 18.38-acre lot. An additional approximately 15,688 square foot former Sears Auto Center building is also included. The property boasts an impressive 344 feet of frontage along Arlington Expressway, a major thoroughfare with an average annual daily traffic count of 54,500 vehicles. Its strategic location at the intersection of Arlington Expressway and Southside Boulevard, just two miles from the 295 beltway, ensures exceptional visibility and accessibility. The site benefits from its proximity to Regency Square Mall, a 1.39 million square foot regional shopping center, and a strong concentration of established retailers including Dillard's, Aldi, Ashley Home Store, Target, Home Depot, and AMC Theatres. This prime location is also conveniently situated six miles east of downtown Jacksonville, a vibrant urban center with over 67,000 employees. Southside Boulevard also boasts a high average annual daily traffic count of 48,000 vehicles. This property offers significant potential for redevelopment or repurposing, capitalizing on its size, location, and existing infrastructure within a thriving retail environment. The property's address is 9501 Arlington Expy, Jacksonville, FL 32225.

    Property Features for 9501 Arlington Expy

    General Information

    Property type
    Retail properties
    Square Feet
    133,542 SF
    Lot Size
    800,633 SF

    Building Details

    Stories
    2

    We can help!

    Listing Contact
    Kelly Pulignano
    Kelly Pulignano

    Learn more

    Property Insight Report

    HighLights

    • Corner location at Arlington Expressway and Southside Boulevard, two miles from the 295 beltway.
    • 149,230 square foot former Sears complex including a 133,542 SF two‑story department store and a 15,688 SF auto center.
    • 344 feet of frontage on Arlington Expressway.
    • Adjacent to Regency Square Mall (1.39M SF) and numerous national retailers including Dillard's, Aldi, Target, and Home Depot.
    • Six miles from downtown Jacksonville's 67,000+ employee base.
    • High traffic counts: 54,500 AADT on Arlington Expressway and 48,000 AADT on Southside Boulevard.
    Property Profile Location Intelligence

    Current Use by Public Records

    Autographics Custom T-Shirt Store Regency Mall Fireworks Store Regency Square Mall ... Dentist Regency Square Mall Shopping Mall Regency Mall COVID-19 ... Medical Laboratory

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5510726
    Latitude
    30.3234161

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    FAQs

    What type of property is this?
    Retail property - Prime Jacksonville retail space, high traffic area.
    Where is this retail property located?
    The property is located at 9501 Arlington Expy Jacksonville, FL.
    What are key features of this property?
    This property features: Corner location at Arlington Expressway and Southside Boulevard, two miles from the 295 beltway.; 149,230 square foot former Sears complex including a 133,542 SF two-story department store and a 15,688 SF auto center.; 344 feet of frontage on Arlington Expressway.
    (904) 565-2635
    Request Owner's contact information
    9501 Arlington Expy Jacksonville, FL 32225
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    Jacksonville, FL 32225
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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
    9501 Arlington Expy Jacksonville, FL 32225
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    We can help!
    Listing Contact
    Kelly Pulignano
    Kelly Pulignano
    Real Estate License ID: FL 3370246
    (904) 565-2635
    Learn more
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