Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    803 Lomax St Jacksonville, FL 32204

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    803 Lomax St Jacksonville, FL 32204

    View on Map
    • Retail properties & Spaces
    • 8,877 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 803 Lomax St

    Property size
    8,877 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 8,877 square foot retail space at 803 Lomax Street in Jacksonville, Florida's vibrant 5 Points district, presents a unique opportunity for multiple tenants or a single large operator. The property, located in Duval County (zip code 32204), offers flexible design options and is ideally suited for innovative businesses. The building features high ceilings and a sizable mezzanine area, adding significant versatility to the layout. A key advantage is the potential for a dynamic outdoor patio, perfect for enhancing customer experience. The space is available as a grey shell delivery in November 2024, allowing for complete customization to meet specific business needs. A tenant improvement allowance (TIA) package is available to assist with build-out costs. Minimum divisible space is 2,000 square feet, with a maximum contiguous space of 8,877 square feet, catering to a range of business sizes and requirements. Pre-approved restaurant plans are also available for a single-tenant occupancy, streamlining the permitting process. This property offers a blend of modern design, flexible space, and a prime location within a thriving retail area. Contact us today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6803
    Latitude
    30.3138

    Comparable in this City

    • Value Estimation by Request

      2150 Park St

      Office properties & Spaces
      2150 Park St, Jacksonville, FL 32204
      View Details
    • Value Estimation by Request
      7,000 SF

      915 King St

      Restaurants • 7,000 SF
      915 King St, Jacksonville, FL 32204
      View Details
    • Value Estimation by Request
      0.52 Acres

      552 Myrtle Ave

      Individual retail properties • 0.52 Acres
      552 Myrtle Ave, Jacksonville, FL 32204
      View Details
    • Value Estimation by Request

      1014 Park Street

      2,700 SF of retail space available
      1014 Park Street Jacksonville, FL 32204, Jacksonville, FL 32204
      View Details
    • Value Estimation by Request
      16,210 SF

      856 Margaret St

      Churches & religious facilities • 16,210 SF
      856 Margaret St, Jacksonville, FL 32204
      View Details
    • Value Estimation by Request

      2655 Park St

      Retail properties & Spaces
      2655 Park St, Jacksonville, FL 32204
      View Details

    Similar Nearby for Sale

    • $3,500,000
      5,180 SF

      Five Points Retail Building

      Prime Jacksonville Restaurant/Storefront
      813 Lomax St, Jacksonville, FL 32204
      View Details
    • $1,150,000

      Riverside Commercial Building For Sale

      4,500 SF building in Jacksonville's vibrant Riverside neighborhood.
      2651 Park St, Jacksonville, FL 32204
      View Details
    • Contact for pricing

      Publix Anchored Retail Center

      High-performing retail center in Jacksonville's Riverside neighborhood.
      2033 Riverside Ave, Jacksonville, FL 32204
      View Details
    • $375,000
      1,192 SF

      Commercial Building Near I-10

      Commercial building suitable for office or retail renovation near I-10.
      2363 Gilmore St, Jacksonville, FL 32204
      View Details
    • Contact for pricing
      5,180 SF

      Riverside Retail Property for Sale

      Retail property in Jacksonville's historic 5 Points neighborhood.
      813-819 Lomax St, Jacksonville, FL 32204
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Riverside Retail Corridor Opportunity

      Retail space in Jacksonville's growing Riverside neighborhood.
      2655 Park St, Jacksonville, FL 32204
      View Details
    • $16 SF/Yr

      Retail Space Under Apartment Lofts

      Retail space available below 108 apartment units in LaVilla.
      906 West Monroe St, Jacksonville, FL 32204
      View Details
    • $32 SF/Yr
      2,700 SF

      Retail Space in Historic Neighborhood

      Retail property in Jacksonville's vibrant 5 Points neighborhood.
      1010-1014 Park St, Jacksonville, FL 32204
      View Details
    • Contact for pricing
      400 SF

      Historic Building in Five Points

      Reimagined office and retail space in historic Jacksonville district.
      1020-1028 Park St, Jacksonville, FL 32204
      View Details
    • Contact for pricing

      Retail Space in Historic 5 Points

      Retail opportunity in the heart of Riverside's historic 5 Points.
      800 Lomax St, Jacksonville, FL 32204
      View Details
    • Contact for pricing

      Retail Space in Historic Riverside

      Retail space in Jacksonville's vibrant 5 Points neighborhood.
      1035 Park St, Jacksonville, FL 32204
      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.
    803 Lomax St
    Jacksonville, FL 32204
    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.

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    803 Lomax St, Jacksonville, FL, 32204

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!