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    1736 Main St Jacksonville, FL 32206

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    1736 Main St Jacksonville, FL 32206

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    • Retail properties & Spaces
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    Current Use by Public Records

    • Toni Phelps Master Hairstylist / Hair Salon
    • C the LOCtician / Hair Salon

    Property Details for 1736 Main St

    Property type
    Retail properties & Spaces

    Description

    This exceptional 1250-square-foot retail space is ideally situated at 1736 N Main Street in Jacksonville, Florida's vibrant Springfield submarket. Located between 7th and 8th Streets, this single-tenant property boasts a highly desirable Main Street address, ensuring maximum visibility and foot traffic. The property is classified as retail with an office subtype, offering a versatile space suitable for a variety of businesses. Its central location within the heart of Downtown Springfield places it amidst a thriving mix of restaurants and other retail establishments, creating a dynamic and attractive environment for potential tenants. The property's address is 1736 N Main St, Jacksonville, FL 32206. This is a fantastic opportunity to secure a prominent retail presence in a bustling and well-established commercial district. The property's convenient location and high visibility make it an excellent investment for businesses seeking a strong foothold in the Springfield area. The property's size and configuration offer flexibility for various retail or office uses. This prime location offers unparalleled access to a large customer base and significant potential for growth. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Clay
    State
    Florida
    Longitude
    -81.6541
    Latitude
    30.3452

    Comparable in this City

    • Value Estimation by Request
      1 SF

      Main St

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      1,200 SF

      3400 Pearl St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,200 SF
      3400 Pearl St, Jacksonville, FL 32206-2045
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    • Value Estimation by Request
      2,176 SF

      2045 Liberty St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,176 SF
      2045 Liberty St, Jacksonville, FL 32206-3825
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    • Value Estimation by Request

      1710 Main St

      Office properties & Spaces
      1710 Main St, Jacksonville, FL 32206
      View Details
    • Value Estimation by Request
      3,390 SF

      504 8th St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,390 SF
      504 8th St, Jacksonville, FL 32206-3840
      View Details
    • Value Estimation by Request
      2,667 SF

      2062 Liberty St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,667 SF
      2062 Liberty St, Jacksonville, FL 32206-3826
      View Details

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    1736 Main St
    Jacksonville, FL 32206
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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.

    More about this property
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