Your AI Navigator in Commercial Real Estate
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

    120 10Th Ave Jacksonville Beach, FL 32250

    • Apartment buildings
    • 2,720 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 120 10Th Ave

    Year built
    1938
    Property size
    2,720 SF
    Property type
    Apartment buildings

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville Beach
    County
    Duval
    State
    Florida
    Longitude
    -81.3922
    Latitude
    30.2985

    Comparable in this City

    • Value Estimation by Request
      8,728 SF

      707 2nd S Ave

      APARTMENT HOUSE (5+ UNITS) • 8,728 SF
      707 2nd S Ave, Jacksonville Beach, FL 32250-5357
      View Details
    • Value Estimation by Request
      4,928 SF

      402 8th S St

      APARTMENT HOUSE (5+ UNITS) • 4,928 SF
      402 8th S St, Jacksonville Beach, FL 32250
      View Details
    • Value Estimation by Request

      605 2Nd Ave

      Multifamily properties
      605 2Nd Ave, Jacksonville Beach, FL 32250
      View Details
    • Value Estimation by Request
      4,353 SF

      330 6th N Ave

      APARTMENT HOUSE (5+ UNITS) • 4,353 SF
      330 6th N Ave, Jacksonville Beach, FL 32250-5700
      View Details
    • Value Estimation by Request
      4,320 SF

      401 2nd S St

      APARTMENT HOUSE (5+ UNITS) • 4,320 SF
      401 2nd S St, Jacksonville Beach, FL 32250-6714
      View Details
    • Value Estimation by Request
      4,420 SF

      810 2nd N St

      APARTMENT HOUSE (5+ UNITS) • 4,420 SF
      810 2nd N St, Jacksonville Beach, FL 32250-7180
      View Details

    Similar Nearby for Sale

    • $1,499,000
      2,392 SF

      Jacksonville Beach Multi-Unit Home

      Furnished multi-unit near the beach, ideal for investment.
      724 1St 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
    • $699,000
      1,800 SF

      Jacksonville Beach Duplex Opportunity

      Duplex near the beach with income-producing potential.
      555 7Th Ave S, Jacksonville Beach, FL 32250
      View Details
    • $695,000
      1,800 SF

      Jacksonville Beach Duplex For Sale

      Duplex near the beach with income-producing potential.
      555 7Th Ave S, Jacksonville Beach, FL 32250
      View Details
    • $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
    • $1,999,999
      2,432 SF

      Coastal Duplex Steps From Ocean

      Duplex near the ocean with a pool and ocean views.
      126 1St Ave S, Jacksonville Beach, FL 32250
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      27,327 SF

      Prime Beachfront Retail Space in Jax Beach

      Five-suite retail center, beachfront location, ample parking.
      525 3Rd Ave, Jacksonville Beach, FL 32250
      View Details
    • Contact for pricing

      Commercial Land Parcel For Rent

      0.7 acre commercial land parcel available for rent.
      14444 Beach Blvd, Jacksonville, FL 32250
      View Details
    • $1,500 /Mo

      Jacksonville Beach Second Floor Office

      Second floor office space in prime Jacksonville Beach location.
      3086 S 3Rd St, Jacksonville, FL 32250
      View Details
    • Contact for pricing
      5,752 SF

      High-Visibility Office Space Available

      Office suites with efficient layouts in Jacksonville Beach corridor.
      830 3Rd Street Cir South, Jacksonville, FL 32250
      View Details
    • New
      $6,000 /Mo
      4,500 SF

      Jacksonville Beach Professional Office Building

      Renovated two-story office building suitable for single or multi-tenant use.
      1415 3Rd St N, Jacksonville, FL 32250
      View Details
    • Contact for pricing
      49,214 SF

      Seawalk Village Retail Spaces

      Jacksonville Beach Restaurant Opportunity
      1020 3Rd Ave, 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.
    120 10Th Ave
    Jacksonville Beach, FL 32250
    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.