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    Old St Augustine Rd Jacksonville, FL 32258

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    Old St Augustine Rd Jacksonville, FL 32258

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    • Retail properties & Spaces
    • 3.10 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Old St Augustine Rd

    Lot size
    3.10 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional opportunity presents three (3) available outparcels totaling 3.1 acres at the Shoppes at Durbin Crossing. Strategically located at the Northwest corner of Old St. Augustine Road and Philips Highway (US-1) in the desirable Durbin/Bartram trade area, this property boasts unparalleled visibility and accessibility. Each parcel offers approximately one acre of land, ideal for various retail developments. The site benefits from its proximity to major traffic arteries, ensuring high daily traffic counts on Old St. Augustine Road. Furthermore, the location enjoys exceptional demographics, with average household incomes exceeding $137,000 within a three-mile radius. The property's adjacency to Baptist Medical Center South (a 407-bed facility) and The Springs Apartments (a 250-unit complex) provides a substantial built-in customer base. Zoned CCG-1, the property allows for a multitude of retail uses, making it a versatile and attractive investment. This is a rare chance to establish a presence in a thriving retail corridor with strong existing infrastructure and a robust consumer base. Don't miss this opportunity to secure your place in this high-demand location.

    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
    -81.5637
    Latitude
    30.1457

    Comparable in this City

    • Value Estimation by Request
      0.26 Acres

      11400 Old St Augustine Rd

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      14770 Old St Augustine Rd

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      Neq Old St Augustine Rd & Collins Crk

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      2.03 Acres

      11461 Old Saint Augustine Rd

      COMMON AREA (COMMERCIAL) • 2.03 Acres
      11461 Old Saint Augustine Rd, Jacksonville, FL 32258-1402
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      Commercial Land on Old St.

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      Jacksonville Commercial Land Parcel

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      Jacksonville Office Condo For Sale

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    Similar Nearby for Lease

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      Outparcels at Shoppes at Durbin

      Three outparcels for rent in Jacksonville, Florida.
      Old St Augustine Rd, Jacksonville, FL 32258
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      Restaurant Space in Bartram Park

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      Land Available For Lease

      Land available for lease with multiple tenant options.
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      Industrial Land for Lease

      7.34+ acre stabilized yard, divisible, ideal for outdoor storage.
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      New Construction Warehouses with Storage

      New warehouses for lease with outside storage in Jacksonville.
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      1,657 SF

      Gran Bay Parkway Retail/Office/Flex Space

      New construction retail, showroom, office, and flex space available for rent.
      13830 Gran Bay Pkwy, Jacksonville, FL 32258
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    Old St Augustine Rd
    Jacksonville, FL 32258
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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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