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

    320 1st N St, Unit 1 Jacksonville Beach, FL 32250-6944

    • Retail space
    • 2,081 SF
    • 0.00 lot acres
    OFF-MARKET
    Last Sale
    Jul 26, 2024
    $15,000,000
    Value Estimations
    $14,885,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3881356
    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

    • Retail space

    Property Details for 320 1st N St

    Year built
    2006
    Construction
    WOOD
    Lot size
    0.00 lot acres
    Property size
    2,081 SF
    Property type
    Retail space
    APN
    174072-1020
    APU
    1740721020

    Description

    This exceptional 1,554 square foot office suite, located in the prestigious Metropolitan Building at 320 1st St N, Jacksonville Beach, FL 32250, presents a unique opportunity. Situated in a Class B, eight-story building constructed in 2006, this single-tenant space is part of a 120,000 square foot complex on 0.86 acres. The building features two elevators and offers a blend of traditional and executive office space. Enjoy the convenience of a prime location just steps from the beach, within Duval County's thriving business district. Benefit from the building's modern amenities, including high-speed internet and advanced security systems, designed to enhance productivity and efficiency. The vibrant Jacksonville Beach community offers a wealth of nearby amenities, from upscale dining and boutique shopping to recreational activities, creating an ideal work-life balance. This is an exceptional opportunity to establish your business in a sought-after coastal location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $15,000,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $15,215,000
      6.5%
      $15,135,000
      7%
      $16,110,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $13,380,000
      Geo Method
      $15,520,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $14,825,000
      Retail
      $15,010,000
      Mixed-Use
      $14,110,000
      Hospitality
      $15,100,000
      Educational
      $12,555,000
      Residential Income
      $13,305,000
      Energy
      $16,465,000
      Income-Based Land
      $13,590,000
      Food Service
      $16,520,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville Beach
    County
    Duval
    State
    Florida
    Longitude
    -81.3906
    Latitude
    30.292
    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
    $10,050
    $0.00
    $606,200
    $606,200
    -
    $0.00
    $606,200
    $606,200

    Comparable in this City

    • Value Estimation by Request
      2,420 SF

      777 3rd S St

      RETAIL STORES (PERSONAL SERVICES) • 2,420 SF
      777 3rd S St, Jacksonville Beach, FL 32250-6627
      View Details
    • Value Estimation by Request
      9,196 SF

      2350 3rd S St

      RETAIL STORES (PERSONAL SERVICES) • 9,196 SF
      2350 3rd S St, Jacksonville Beach, FL 32250-4023
      View Details
    • Value Estimation
      $1,060,000
      3,300 SF

      313 Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,300 SF
      313 Bch Blvd, Jacksonville Beach, FL 32250-5401
      View Details
    • Value Estimation by Request
      4,199 SF

      1161 Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,199 SF
      1161 Bch Blvd, Jacksonville Beach, FL 32250-3403
      View Details
    • Value Estimation
      $1,320,000
      2,172 SF

      320 1st N St, Unit 5

      RETAIL STORES (PERSONAL SERVICES) • 2,172 SF
      320 1st N St, Jacksonville Beach, FL 32250-6944
      View Details
    • Value Estimation by Request
      3,760 SF

      340 23rd S Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,760 SF
      340 23rd S Ave, Jacksonville Beach, FL 32250-4027
      View Details

    Similar Nearby for Sale

    • $1,300,000
      2,100 SF

      Jacksonville Beach Mixed-Use Opportunity

      Versatile mixed-use property in Jacksonville Beach with high visibility.
      803 N 3Rd St N, Jacksonville, FL 32250
      View Details
    • $3,200,000
      4,850 SF

      Jacksonville Beach Retail Building

      Retail building in the heart of Jacksonville Beach.
      240 3Rd Ave S, Jacksonville Beach, FL 32250
      View Details
    • $7,400,000
      11,491 SF

      Oceanfront Jacksonville Beach Redevelopment

      Prime oceanfront redevelopment, high demand area.
      831 1St Ave, Jacksonville Beach, FL 32250
      View Details
    • $875,000

      Jacksonville Beach Retail Opportunity

      Prime Commercial Land, High Traffic Area
      815 3Rd Ave, Jacksonville Beach, FL 32250
      View Details
    • $998,500

      Jacksonville Beach Retail Property

      Prime Beach Location, Investment Opportunity
      122 4Th Ave, Jacksonville Beach, FL 32250
      View Details
    • $5,250,000
      17,658 SF

      Key West Style Office Building

      Two-story office building in a desirable coastal location.
      1909 Beach Blvd, Jacksonville Beach, FL 32250
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      1,050 SF

      Beach Boulevard Retail Space Available

      Retail space on Beach Boulevard with high visibility and ample parking.
      1059 Beach Blvd, Jacksonville Beach, FL 32250
      View Details
    • Contact for pricing
      811 SF

      Retail Space in Beach Community

      Retail space with high traffic in Jacksonville Beach, Florida.
      204-216 3Rd Ave S, Jacksonville Beach, FL 32250
      View Details
    • Contact for pricing
      39,181 SF

      Retail Space in High-Traffic Plaza

      Retail and medical spaces available in a vibrant, anchored shopping center.
      14444 Beach Blvd, Jacksonville Beach, FL 32250
      View Details
    • Contact for pricing
      13,340 SF

      Beachfront Restaurant Opportunity

      Jacksonville Beach retail space, rooftop potential.
      1198 Beach Blvd, Jacksonville Beach, FL 32250
      View Details
    • $14 SF/Yr
      1,278 SF

      Beach Boulevard Retail/Office Space

      Prime Jacksonville location with open layout, ideal for retail/office.
      3142 Beach Blvd, Jacksonville, FL 32250
      View Details
    • Contact for pricing
      1,530 SF

      Jacksonville Beach Retail Space

      Retail space for rent in the heart of Jacksonville.
      700-798 3Rd Ave S, Jacksonville Beach, FL 32250
      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.
    320 1st N St, Unit 1
    Jacksonville Beach, FL 32250-6944
    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.

    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
    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.