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    Retail Space in Jacksonville, FL Title is generated by Realmo AI

    9940 Old Baymeadows Rd, Jacksonville, FL

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    Retail space available near major employers and residential communities.

    Type:RETAIL
    Property size:
    700 SF
    Lot size:
    5.33 Acres
    Added:
    Jun 3, 2024
    Days on Market:
    734
    Last Refresh:
    May 20 at 9:55 pm

    Property Features for 9940 Old Baymeadows Rd

    General Information

    Standard status
    Active
    Size
    700 SF
    Lot size
    5.33 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 9940 Old Baymeadows Rd Contact us

    We can help!

    Listing Contact
    Stephanie McCullough
    Stephanie McCullough

    Listing agent Stephanie McCullough License #3370246

    Listing office The Shopping Center Group | Jacksonville

    Listing date Jun 3, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of The Shopping Center Group | Jacksonville

    HighLights

    • Anchored by a top‑performing Publix Super Market with a proposed $9.3M renovation.
    • Serves the exclusive Deerwood Country Club residential community with homes in the $1‑2M range.
    • Located across from Florida State College and Jacksonville Country Day School.
    • Within 2.5 miles of major employers Florida Blue, Merrill Lynch, and Johnson & Johnson.
    • High traffic counts: Southside Blvd. (48,500 AADT) and Baymeadows Rd. (24,000 AADT).
    • Situated on 900 acres.

    Overview

    This retail space is anchored by a high-performing Publix Super Market, with a proposed $9.3 million full renovation. The property serves the residential community of Deerwood Country Club, which spans 900 acres and features homes in the $1-2 million range. It is located across from Florida State College and Jacksonville Country Day School. The location is within 2.5 miles of major employers such as Florida Blue, Merrill Lynch, and Johnson & Johnson. Traffic counts indicate 48,500 AADT on Southside Boulevard and 24,000 AADT on Baymeadows Road. The property offers 700 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Clothes Mentor Jacksonville-Baymeadows Clothing & Fashion Store Scramblers Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Baymeadows Village — Baymeadows Rd, Jacksonville, FL 32256
    • Coin Cloud Bitcoin ATM — 9550 baymeadows rd, jacksonville, fl 32256
    • Antlers Office Park — 8411 Southside Blvd, Jacksonville, FL 32256
    • Deerwood Village — 9964 Old Baymeadows Rd, Jacksonville, FL 32256
    • Deerwood Marketplace — 9971 Old Baymeadows Rd, Jacksonville, FL 32256

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5539
    Latitude
    30.2224

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    FAQs

    What type of property is this?
    Shopping center - Retail space available near major employers and residential communities.
    Where is this shopping center located?
    The property is located at 9940 Old Baymeadows Rd Jacksonville, FL.
    What are key features of this property?
    This property features: Anchored by a top‑performing Publix Super Market with a proposed $9.3M renovation.; Serves the exclusive Deerwood Country Club residential community with homes in the $1‑2M range.; Located across from Florida State College and Jacksonville Country Day School.
    (904) 565-2635 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Stephanie McCullough
    Stephanie McCullough
    Real Estate License ID: 3370246
    Learn More
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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.

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