Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4523 120Th St Jacksonville, FL 32244
    Back to Search
    Property profile & analytics

    4523 120Th St, Jacksonville, FL 32244

    View on Map
    • Warehouses
    • 1,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 4523 120Th St

    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This 1,000-square-foot, single-tenant flex space is situated at 4523 120th Street, Jacksonville, FL 32244, conveniently located across from Naval Air Station Jacksonville (NAS JAX) off Route 17. The one-story Class C building offers versatile space suitable for a variety of uses, from retail to office, industrial, warehouse, or R&D. The property is entirely vacant and ready for immediate occupancy. Its prime location benefits from high visibility and proximity to a strong local community. Nearby businesses include long-standing establishments such as Murray's Tavern (operating since 1977) and Trent's Seafood (opened in 1999), demonstrating the area's enduring appeal. The area also boasts a significant residential population, including approximately 50 RV occupants, many retired military personnel from the nearby base. Furthermore, the property's adjacency to Builders First Source and Tille Fowler Park provides additional advantages, attracting both business and recreational traffic. The cross street is Roosevelt Blvd. This property presents a unique opportunity for businesses seeking a well-located, versatile space in a thriving community.

    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
    -81.6998
    Latitude
    30.2325

    Comparable in this City

    • Value Estimation by Request

      4640 Subchaser Ct

      Flex space
      4640 Subchaser Ct, Jacksonville, FL 32244
      View Details
    • Value Estimation by Request
      1,296 SF

      5957 Tampico Rd

      WAREHOUSE, STORAGE
      5957 Tampico Rd, Jacksonville, FL 32244
      View Details
    • Value Estimation
      $1,595,000
      11,997 SF

      7255 Golden Wings Rd

      WAREHOUSE, STORAGE
      7255 Golden Wings Rd, Jacksonville, FL 32244-3322
      View Details
    • Value Estimation by Request
      0.28 Acres

      120th St

      STORAGE YARD, OPEN STORAGE
      120th St, Jacksonville, FL 32244
      View Details
    • Value Estimation
      $1,105,000
      8,000 SF

      7097 Rampart Rd

      WAREHOUSE, STORAGE
      7097 Rampart Rd, Jacksonville, FL 32244-5605
      View Details
    • Value Estimation by Request
      6,000 SF

      8525 April St

      WAREHOUSE, STORAGE
      8525 April St, Jacksonville, FL 32244-1051
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,570 SF

      Commercial Building with Storage-Warehouse Area

      Commercial building featuring storage-warehouse area and spacious parking lot.
      6310 Blanding Blvd, Jacksonville, FL 32244
      View Details
    • $1,599,000

      Roosevelt Blvd Adaptable Commercial Space

      8,800 SF building on over an acre near NAS JAX.
      5953 Roosevelt Blvd, Jacksonville, FL 32244
      View Details
    • Contact for pricing

      Retail Store Building For Sale

      Retail building on 1.1 acres near Jacksonville Naval Air Station.
      5953 Roosevelt Blvd, Jacksonville, FL 32244
      View Details
    • $1,599,000
      8,800 SF

      Roosevelt Blvd Mixed-Use Property

      Jacksonville, FL Investment Opportunity
      5953 Roosevelt Blvd, Jacksonville, FL 32244
      View Details
    • Contact for pricing
      711 SF

      Retail Building on Roosevelt Boulevard

      Retail building with 8,000± SF and 25 parking spaces.
      5917 Roosevelt Blvd, Jacksonville, FL 32244
      View Details
    • $799,000
      1.56 Acres

      Multi-Building Commercial Investment

      High-yield Jacksonville property, multiple tenants.
      5508 Wesconnett Blvd, Jacksonville, FL 32244
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,630 SF

      Industrial Space Available For Lease

      35,724± SF industrial space for lease, divisible into five units.
      6600 Youngerman Cir, Jacksonville, FL 32244
      View Details
    • Contact for pricing
      7,200 SF

      7,200 SF Industrial Space

      Industrial space with dock-high and grade-level doors for lease.
      8601 Youngerman Ct, Jacksonville, FL 32244
      View Details
    • Contact for pricing

      Retail, Office, and Warehouse Space

      Retail, office, and warehouse spaces available for lease.
      8102 Blanding Blvd, Jacksonville, FL 32244
      View Details
    • Contact for pricing
      8,820 SF

      Westside Jacksonville Warehouse Opportunity

      Spacious warehouse with high ceilings and convenient roll-up door.
      5521 Blanding Blvd, Jacksonville, FL 32244
      View Details
    • Contact for pricing
      1,615 SF

      Westside Warehouse with Office Space

      Small bay warehouse with finished office and restrooms for sale.
      5860 Old Timuquana Rd, Jacksonville, FL 32244
      View Details
    • Contact for pricing
      9,180 SF

      Blanding Blvd Retail Space For Lease

      9,180 SF Retail Building, High Visibility
      6729 Blanding Blvd, Jacksonville, FL 32244
      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.
    4523 120Th St
    Jacksonville, FL 32244
    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
    4523 120Th St, Jacksonville, FL, 32244
    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!