Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Gilmore St Jacksonville, FL 32204
    Back to Search
    Property profile & analytics

    Gilmore St, Jacksonville, FL 32204

    View on Map
    • Land
    • 0.13 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Gilmore St

    Lot size
    0.13 lot acres
    Property type
    Land

    Description

    This exceptional 0.13-acre vacant lot presents a unique investment opportunity in Jacksonville's highly desirable Riverside neighborhood. Located just off Gilmore Street, this cleared lot boasts dimensions of 50 feet by 117.5 feet, offering ample space for various development possibilities. Its convenient location near the vibrant Five Points district provides easy access to a wealth of amenities, including numerous bars, shops, and restaurants. The property also benefits from a 15-foot alley at the rear, ideal for convenient parking or access. Zoned CRO, this versatile lot allows for a range of uses, including single-family, multi-family residential, and commercial development, making it an attractive option for both residential and commercial investors or builders seeking to capitalize on the area's strong growth potential. Its proximity to major thoroughfares like I-95 and I-10 ensures excellent connectivity throughout the city. The property's location within a few blocks of multiple parks and public spaces adds to its appeal. Given the scarcity of vacant lots in this sought-after area, this property represents a truly exceptional opportunity for discerning investors. The asking price is $125,000.

    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
    -81.684
    Latitude
    30.3196

    Comparable in this City

    • Value Estimation by Request

      2643 Forbes St

      Land
      2643 Forbes St, Jacksonville, FL 32204
      View Details
    • Value Estimation by Request

      2160 Riverside Ave

      Multifamily properties
      2160 Riverside Ave, Jacksonville, FL 32204
      View Details
    • Value Estimation by Request
      1.50 Acres

      Lavilla Ctr Dr

      Land
      0 Lavilla Ctr Dr, Jacksonville, FL 32204
      View Details
    • Value Estimation by Request

      1599 Elder St

      Land
      1599 Elder St, Jacksonville, FL 32204
      View Details
    • Value Estimation by Request
      6,212 SF

      1009 Stockton St

      APARTMENT HOUSE (5+ UNITS)
      1009 Stockton St, Jacksonville, FL 32204-4278
      View Details
    • Value Estimation
      $1,300,000
      3,765 SF

      2619 College St

      APARTMENT HOUSE (5+ UNITS)
      2619 College St, Jacksonville, FL 32204-3570
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Riverside Jacksonville Skyscraper Development Site

      High-visibility I-95 location suitable for skyscraper or multifamily development.
      1599 Elder St, Jacksonville, FL 32204
      View Details
    • $539,400
      2,572 SF

      Riverside Jacksonville Fourplex For Sale

      Classic fourplex near King St shops and Five Points.
      2569 Herschel St, Jacksonville, FL 32204
      View Details
    • $1,700,000
      6,077 SF

      Historic Riverfront Quadraplex with Loft

      Restored historic riverfront quadraplex in St Johns Quarter, Jacksonville.
      2117 River Blvd, Jacksonville, FL 32204
      View Details
    • Contact for pricing
      8,054 SF

      Riverside Income-Producing Apartment Building

      Historic Riverside property with income-producing apartments, ideal for investors.
      2114 Oak St, Jacksonville, FL 32204
      View Details
    • Contact for pricing
      2,022 SF

      Riverside Duplex with Recent Updates

      Fully leased duplex in Historic Riverside with significant upgrades.
      2236 Post St, Jacksonville, FL 32204
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available For Lease

      Land available for lease in Jacksonville, Florida.
      Oak St, Jacksonville, FL 32204
      View Details
    • Contact for pricing

      Land Lease Opportunity

      Land available for lease or build to suit.
      640 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
    • Contact for pricing

      Downtown Jacksonville Redevelopment Land

      1.5 acres available for redevelopment in downtown Jacksonville, Florida.
      Lavilla Ctr Dr, Jacksonville, FL 32204
      View Details
    • Contact for pricing

      Industrial Land Near I-10, I-95

      5.5 acres of light industrial land for lease.
      140 Stockton St, Jacksonville, FL 32204
      View Details
    • Contact for pricing

      Downtown Jacksonville Redevelopment Opportunity

      1.5 acres available for redevelopment in downtown Jacksonville, Florida.
      Lavilla Ctr Dr, 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.
    Gilmore 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
    Gilmore 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!