Automotive Service
For Sale
$595,000
9600 LEM TURNER Road, Jacksonville, FL 32208
Commercial Sale, Jacksonville, FL
Property Size2,077 SF
Lot Size0.56 Acres
Price / SF$286.47
Days on Market93
Property Features for 9600 LEM TURNER Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Subdivision
Riverhills Park
Lot features
Cleared
Directions
From I-295 N take Exit 41 (Zoo Parkway), continue onto Broward Rd, at the traffic circle take 2nd exit and stay on Broward Rd, turn left onto FL-115 (Lem Turner Rd), destination on the right
Standard status
Active
APN
0296900010
Size
2,077 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2950
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1974
Listing Agency:
FLORIDA HOMES REALTY & MTG LLC
(904) 996-9115
Listed By:
GEORGE S RAMIA · License #3589284
(904) 434-0929
Added: Jun 3
Changed: Sep 2
Last Checked: Sep 3 at 7:06PM
MLS# 2148447
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This automotive service property contains 2,077 square feet on a 0.56-acre parcel and is currently configured for tire and mechanical repair operations. The improvements date to 1974 and include central air conditioning and electric heating, along with a parking lot for site users.
Located at 9600 Lem Turner Road in Jacksonville, the property is served by public water and public sewer. The sale also includes the operating business, goodwill, equipment, and inventory, subject to buyer due diligence. CCG-2 zoning provides the recorded land-use designation for the site.
Located at 9600 Lem Turner Road in Jacksonville, the property is served by public water and public sewer. The sale also includes the operating business, goodwill, equipment, and inventory, subject to buyer due diligence. CCG-2 zoning provides the recorded land-use designation for the site.
Key Highlights
- 2,077‑square‑foot automotive service property on 0.56 acres
- CCG‑2 zoning
- Currently used for tire sales and mechanical repair
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,475
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$469,500
$469.5K
Cap Rate 7%
$335,357
$335.4K
Cap Rate 9%
$260,833
$260.8K
Market Conditions
NOI Build-Up for 2,077 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.4K $18.00/SF
− Vacancy
−$3.9K −$1.85/SF
EGI
$33.5K $16.15/SF
− OpEx
−$10.1K −$4.84/SF
NOI
$23.5K $11.30/SF
Area
Jacksonville, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$469,500
Cap Rate 7%
$335,357
Cap Rate 9%
$260,833
Alternative Uses
Best Use
Retail
$335.4K
$293.4K – $391.3K
NOI $23,475 @ 7.0% cap · market cap 3.95%
Second Best
Industrial
$164.9K
$144.3K – $192.4K
NOI $11,541 @ 7.0% cap · market cap 1.94%
Theoretical Best
Office A
$569.0K
$497.9K – $663.8K
NOI $39,829 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
21k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Home Improvements & Furnishings 16%
Electronics 6%
Apparel 4%
Roses Discount Store
Shops & Services
15,718 visits/mo
0.3 miles
Badcock Home Furniture & More
Home Improvements & Furnishings
3,282 visits/mo
0.3 miles
Metro by T-Mobile
Electronics
1,221 visits/mo
0.4 miles
Foot Locker
Apparel
881 visits/mo
0.4 miles
Demographics for 32208, FL
33,286
Population
15,218
Households
2.2
Avg Household Size
40
Median Age
15%
College-Educated
84%
High-School Grad
11.5 sq mi
ZIP Area
2,894
Density / Sq Mi
$39,873
Median Household Income
$31,845
Median Earnings
$1,180
Median Rent
$139,500
Median Home Value
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Fastlane Automotive, Tires & Performance Inc — 9001 Lem Turner Rd, Jacksonville, FL 32208
- S & Y Auto Center — 9000 Lem Turner Rd, Jacksonville, FL 32208
- Z6R Performance Racing — 9014 Lem Turner Rd, Jacksonville, FL 32208
- Moses Automotive — 2235 Soutel Dr, Jacksonville, FL 32208
- Four Aces Mobile Mechanic — we are mobile mechanics, jacksonville, fl 32208
Frequently Asked Questions
What type of property is this?
Auto shop - CCG-2-zoned property with public utilities, central HVAC, and on-site parking.
Where is this auto shop located?
The property is located at 9600 LEM TURNER Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,077‑square‑foot automotive service property on 0.56 acres; CCG‑2 zoning; Currently used for tire sales and mechanical repair
