Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Gate Pkwy Jacksonville, FL 32216
    Back to Search
    Property profile & analytics

    Gate Pkwy, Jacksonville, FL 32216

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

    Current Use by Public Records

    • Land

    Property Details for 0 Gate Pkwy

    Lot size
    42.19 lot acres
    Property type
    Land

    Description

    This exceptional offering presents two adjacent parcels totaling approximately 89 acres (42.19+/- acres and 46.79+/- acres) in desirable Jacksonville, Florida. Located in Duval County, this land boasts convenient access to major transportation arteries, including Interstate I-95, Loop 202, and Highway 115, ensuring seamless connectivity throughout the region. The larger parcel (46.79+/- acres, APN: 154166-0527) is zoned IBP (Industrial Business Park) and BP (Business Park), offering significant development potential for industrial or commercial ventures. The smaller parcel (42.19+/- acres, APN: 154166 0526) is zoned RPI and PUD, providing flexibility for a range of uses. Both parcels are situated near the Secret Cove Community. This presents a unique opportunity to acquire a substantial land holding in a strategic location. The properties will be sold via online auction through RI Marketplace in December 2024. Buyers are responsible for conducting their own due diligence to assess the suitability of the property for their intended purposes. No representations are made regarding buildability or developability; determining the highest and best use is the buyer's responsibility. The opportunity exists to purchase either parcel individually or both together.

    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
    -81.5688
    Latitude
    30.2538

    Comparable in this City

    • Value Estimation by Request

      5730 University Boulevard Ct

      Land
      5730 University Boulevard Ct, Jacksonville, FL 32216
      View Details
    • Value Estimation by Request
      2.97 Acres

      1910 Valens Dr

      Land
      1910 Valens Dr, Jacksonville, FL 32216
      View Details
    • Value Estimation by Request
      0.98 Acres

      112 Arlington Rd

      Land
      112 Arlington Rd, Jacksonville, FL 32216
      View Details
    • Value Estimation by Request
      46.79 Acres

      Gate Pkwy Blvd

      Land
      0 Gate Pkwy Blvd, Jacksonville, FL 32216
      View Details
    • Value Estimation by Request
      0.98 Acres

      112 Arlington Rd

      Land
      112 Arlington Rd, Jacksonville, FL 32216
      View Details
    • Value Estimation by Request
      42.19 Acres

      Gate Pkwy

      Land
      0 Gate Pkwy, Jacksonville, FL 32216
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      65 Acres on Gate Parkway

      65 acres of land with potential for multifamily development.
      Gate Pkwy And Deerwood Lk Pkwy, Jacksonville, FL 32216
      View Details
    • Contact for pricing

      Land Available for Assemblage

      Land available; neighboring property may be available for assemblage.
      7117 Crane Ave, Jacksonville, FL 32216
      View Details
    • $350,000
      1.00 Acre

      Residential Land with Creek Access

      One-acre residential lot with creek access in Jacksonville, Florida.
      28 Agnue Ave, Jacksonville, FL 32216
      View Details
    • $379,000
      0.26 Acres

      Prime Medical Office Building Jacksonville

      Profitable investment opportunity, 5-year lease in place.
      4131 University Boulevard Ct, Jacksonville, FL 32216
      View Details
    • Contact for pricing

      Beach Blvd Commercial Land Available

      0.35 acres on Beach Blvd, Jacksonville, FL for sale.
      Beach Blvd, Jacksonville, FL 32216
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      3,862 SF

      Waterfront Commercial Space with Dock

      Jacksonville commercial property with dock access and versatile zoning.
      8463 Beach Blvd, Jacksonville, FL 32216
      View Details
    • $17 SF/Yr
      17,647 SF

      Jacksonville Office Sublease Opportunity

      17,647 sq ft Office Space in Southpoint
      4500 Salisbury Rd, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      3,668 SF

      Standalone Office Space with Garage

      Versatile office space with garage, storage, and fenced lot.
      5025 Stepp Ave, Jacksonville, FL 32216
      View Details
    • $22 SF/Yr

      Prominent Southpoint Office Building

      Highly visible office building in Jacksonville's Southpoint submarket available for rent.
      6622 Southpoint Dr South, Jacksonville, FL 32216
      View Details
    • Contact for pricing

      Office Space Near Hart Bridge

      Office space for rent near major Jacksonville hospitals.
      3101 University Blvd S, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      800 SF

      Office Building on Philips Highway

      Office space with ample parking and highway frontage available for rent.
      6251 Philips Hwy, Jacksonville, FL 32216
      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.
    Gate Pkwy
    Jacksonville, FL 32216
    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
    Gate Pkwy, Jacksonville, FL, 32216
    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!