Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2 Harts Rd Jacksonville, FL 32218

    • Commercial real estate
    • 1.08 lot acres
    OFF-MARKET
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6143119
    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

    • Commercial real estate

    Property Details for 2 Harts Rd

    Lot size
    1.08 lot acres
    Zone code
    CCG-1
    Property type
    Commercial real estate
    APN
    044140-0120
    APU
    441400120

    Description

    This exceptional 43,609 square foot commercial land parcel, located at Harts Rd 2, Jacksonville, FL 32218, presents a compelling investment opportunity. Zoned CCG-1, this property offers significant development potential in a rapidly growing area of Duval County. Its strategic location provides convenient access to Jacksonville International Airport and Interstate 95, ensuring high visibility and accessibility for any commercial venture. The expansive lot size allows for a wide range of development possibilities, catering to various retail and commercial uses. The single ownership simplifies the acquisition process, making this a streamlined investment opportunity. Priced at $779,000, this property represents a strong value proposition in a thriving Jacksonville market. The property's location within a high-growth neighborhood promises substantial returns for forward-thinking investors. Don't miss this chance to secure a prime piece of commercial real estate in a dynamic and expanding area of Jacksonville, Florida. This is a rare opportunity to capitalize on the area's robust economic activity and establish a successful commercial presence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6572
    Latitude
    30.4333
    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
    $2,195
    $126,903
    $2,998
    $129,901
    -
    $126,903
    $2,998
    $129,901

    Comparable in this City

    • Value Estimation by Request
      637,280 SF

      City Ctr Blvd. & Airport Ctr Dr

      Restaurants • 637,280 SF
      0 City Ctr Blvd. & Airport Ctr Dr, Jacksonville, FL 32218
      View Details
    • Value Estimation by Request

      2926 Leonid Rd

      Office Properties & Spaces
      2926 Leonid Rd, Jacksonville, FL 32218
      View Details
    • Value Estimation by Request

      13303 Ranch Rd

      Land
      13303 Ranch Rd, Jacksonville, FL 32218
      View Details
    • Value Estimation
      $245,000
      0.20 Acres

      117 New Berlin Rd

      COMMERCIAL (GENERAL) • 0.20 Acres
      117 New Berlin Rd, Jacksonville, FL 32218
      View Details
    • Value Estimation
      $250,000
      1,536 SF

      12456 Sago W Ave

      COMMERCIAL (GENERAL) • 1,536 SF
      12456 Sago W Ave, Jacksonville, FL 32218-2624
      View Details
    • Value Estimation by Request
      3.79 Acres

      5202 Dunn Avenue Ter

      Land • 3.79 Acres
      5202 Dunn Avenue Ter, Jacksonville, FL 32218
      View Details

    Similar Nearby for Sale

    • $21,450,000
      256.00 Acres

      North Jacksonville Industrial Land

      256 Acres, Prime Location, $21.45M
      0 Pecan Park Rd And Kite Rd, Jacksonville, FL 32218
      View Details
    • $85,000

      Jacksonville Mixed-Use Investment Opportunity

      13,939 sq ft lot, great development potential.
      2926 Leonid Rd, Jacksonville, FL 32218
      View Details
    • $1,570,000
      1.92 Acres

      Prime Jacksonville Commercial Land

      1.92 Acres, High Traffic, CCG-2 Zoning
      12905 Main St, Jacksonville, FL 32218
      View Details
    • Contact for pricing
      8.50 Acres

      Prime Jacksonville Retail & Land

      8.5 Acres, 370,081 SF, I-95 Access
      435 Clark Rd, Jacksonville, FL 32218
      View Details
    • $340,000
      1,000 SF

      Lem Turner Road Commercial Property

      Jacksonville, FL Commercial Investment
      10420 Lem Turner Rd, Jacksonville, FL 32218
      View Details
    • $385,000
      1,242 SF

      Jacksonville Office & Land Investment

      Prime Medical Office, Expandable Lot
      2762 Dunn Avenue Ter, Jacksonville, FL 32218
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      112,000 SF

      Duval Station: Office Suites Available

      Jacksonville, FL: Prime Office Space
      14043 Main St, Jacksonville, FL 32218
      View Details
    • Contact for pricing
      267,280 SF

      Jacksonville Industrial Warehouse

      Modern warehouse space, flexible lease options.
      1215 Imeson Park Blvd, Jacksonville, FL 32218
      View Details
    • $25 SF/Yr
      1,080 SF

      Retail Space in Jacksonville, FL

      Retail space for lease in a prime Jacksonville location.
      842 Dunn Ave, Jacksonville, FL 32218
      View Details
    • Contact for pricing
      1,623 SF

      Retail Space in Eastport Plaza

      Retail space with great visibility and easy highway access.
      1241-1245 Eastport Rd, Jacksonville, FL 32218
      View Details
    • Contact for pricing

      5.3 AC Fenced Storage Yard

      5.3 AC fenced storage yard for lease in Jacksonville.
      120 Gun Club Rd, Jacksonville, FL 32218
      View Details
    • $6,500 /Mo

      New Berlin Road Storage Land

      Up to 10 acres of outside storage for lease.
      New Berlin Rd, Jacksonville, FL 32218
      View Details
    Request Owner's contact information
    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.
    2 Harts Rd
    Jacksonville, FL 32218
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.