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

    Private Address Jacksonville, FL 32223

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 0 Private Address

    Property type
    Commercial real estate

    Description

    This well-established Colombian/Latin restaurant in Jacksonville, FL (zip code 32223) presents a remarkable investment opportunity. Boasting a 2023 gross revenue of $494,000, this business is a proven success. The restaurant features a fully equipped, modern kitchen and dining area, including all furniture, fixtures, and equipment (FF&E). A state-of-the-art entertainment system, complete with premium sound and a projector, enhances the dining experience and allows for event hosting. The business benefits from an excellent reputation, supported by over 430 positive Google reviews. A trained and dedicated staff ensures a smooth transition for the new owner. The restaurant holds a beer and wine license, adding to its appeal. Located in a busy retail shopping center, this prime location offers high foot traffic, with an upcoming lease renewal providing an opportunity to secure long-term occupancy. Financial details are available upon request and execution of a non-disclosure agreement (NDA). The exact address is confidential and will be disclosed only after the NDA is signed. Please note that the location shown on any map is inaccurate. This turnkey operation is ideal for experienced restaurateurs, savvy investors, or passionate culinary entrepreneurs seeking a profitable and established business. The asking price is $114,900.

    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
    -81.6327
    Latitude
    30.1609

    Comparable in this City

    • Value Estimation by Request
      1.46 Acres

      12412 San Jose Blvd

      COMMON AREA (COMMERCIAL) • 1.46 Acres
      12412 San Jose Blvd, Jacksonville, FL 32223-8621
      View Details
    • Value Estimation by Request
      5.00 Acres

      301 Commercial Parke

      Land • 5.00 Acres
      301 Commercial Parke, Jacksonville, FL 32223
      View Details
    • Value Estimation by Request
      4.19 Acres

      12443 San Jose Blvd

      COMMON AREA (COMMERCIAL) • 4.19 Acres
      12443 San Jose Blvd, Jacksonville, FL 32223-8646
      View Details
    • Value Estimation by Request

      12627 San Jose Blvd

      Specialty properties
      12627 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • Value Estimation by Request
      5,700 SF

      126127 San Jose Blvd

      Office Properties & Spaces • 5,700 SF
      126127 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • Value Estimation by Request
      3.96 Acres

      12058 San Jose Blvd

      COMMON AREA (COMMERCIAL) • 3.96 Acres
      12058 San Jose Blvd, Jacksonville, FL 32223-8666
      View Details

    Similar Nearby for Sale

    • New
      $249,500
      0.32 Acres

      Land in Coveted Jacksonville Setting

      Build your dream home on this private, beautiful lot.
      Hickory Bluff Ln, Jacksonville, FL 32223
      View Details
    • $599,900

      Waterfront Lot with Powered Dock

      Vacant waterfront lot with 430-foot dock and boathouse.
      2530 Kirkwood Cove Ln, Jacksonville, FL 32223
      View Details
    • $336,000
      1,200 SF

      Jacksonville Office/Retail Suite For Sale

      Ground-level office/retail suite in Mandarin, Jacksonville, ideal for various uses.
      12276 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • New
      $1,499,000
      1.00 Acre

      Riverfront Homesite in Gated Community

      One-acre riverfront lot in Mandarin, ready for custom build.
      14248 River Story Dr, Jacksonville, FL 32223
      View Details
    • $495,000
      1.05 Acres

      Residential Land in Gated Community

      One-acre homesite in a prestigious gated riverfront community.
      12795 River Story Ct, Jacksonville, FL 32223
      View Details
    • $245,000
      1.12 Acres

      Mandarin Treed Lot Opportunity

      1.12 acre treed parcel in the heart of Mandarin.
      Clearwater Ln, Jacksonville, FL 32223
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      199,260 SF

      Class A Industrial Building

      199,260 SF Class A industrial building for lease.
      11096 Cabot Commerce Cir, Jacksonville, FL 32223
      View Details
    • Contact for pricing
      36,000 SF

      Industrial Space Near Marine Terminals

      Class A industrial space with excellent access to major transportation.
      2550 Cabot Commerce Dr, Jacksonville, FL 32223
      View Details
    • New
      Contact for pricing
      75,820 SF

      Jacksonville Class A Office Park

      Class A medical and office park in South Mandarin market.
      12276 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • $3,819 /Mo
      Pending

      Professional Office Space in Jacksonville

      Class A medical and office park in South Mandarin.
      12276 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • $26 SF/Yr
      291 SF

      Office Space For Rent

      Office space available for lease in Jacksonville, Florida.
      11234 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • $15 SF/Yr
      950 SF

      Office Space For Rent

      950 square feet office space available for lease.
      12708 San Jose Blvd, Jacksonville, FL 32223
      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.
    Private Address
    Jacksonville, FL 32223
    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

    Google sign-in failed. Please try again or use another login method.