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    Property profile & analytics

    Claire Ln & State Rd 13 Jacksonville, FL 32223

    • Lifestyle centers
    • 257,566 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Claire Ln & State Rd 13

    Property size
    257,566 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Riverplace Shopping Center, located at Claire Lane & State Road 13 in Jacksonville, Florida (zip code 32223), presents a unique opportunity within Duval County's thriving Mandarin trade area. This established shopping center boasts a total of 257,566 square feet of retail space, currently featuring multiple tenants. A single, sizable vacancy of 2,960 square feet is immediately available, presenting an ideal space for expansion or new business establishment. The center's village atmosphere contributes to its position as a dominant shopping destination in the market. Ample parking is provided with 1,399 spaces available for shoppers and tenants. The property's location within a densely populated, high-income area ensures consistent foot traffic and strong potential for success. This is a prime opportunity to secure a retail space in a well-established and highly sought-after shopping center in a prime Jacksonville location. The property is classified as a retail shopping center. The property's coordinates are 30.173306 latitude and -81.626608 longitude.

    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
    -81.6266
    Latitude
    30.1733

    Comparable in this City

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      95,523 SF

      10950 San Jose Blvd

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    • Value Estimation
      $7,745,000
      64,280 SF

      11112 San Jose Blvd

      MINI-MALL • 64,280 SF
      11112 San Jose Blvd, Jacksonville, FL 32223-7951
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    • Value Estimation
      $505,000
      4,696 SF

      12230 San Jose Blvd

      MINI-MALL • 4,696 SF
      12230 San Jose Blvd, Jacksonville, FL 32223-2639
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    • Value Estimation by Request
      2,376 SF

      12807 San Jose Blvd

      MINI-MALL • 2,376 SF
      12807 San Jose Blvd, Jacksonville, FL 32223-2603
      View Details
    • Value Estimation
      $1,760,000
      11,005 SF

      12200 San Jose Blvd Ste, Unit 1

      MINI-MALL • 11,005 SF
      12200 San Jose Blvd Ste, Jacksonville, FL 32223-2656
      View Details
    • Value Estimation
      $3,205,000
      20,450 SF

      11701 San Jose Blvd Ste, Unit 21

      MINI-MALL • 20,450 SF
      11701 San Jose Blvd Ste, Jacksonville, FL 32223-1884
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Publix Anchored Retail Center

      Retail center anchored by Publix in Mandarin area.
      11406 San Jose Blvd, Jacksonville, FL 32223
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    • $336,000
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      Jacksonville Office/Retail Suite For Sale

      Ground-level office/retail suite in Mandarin, Jacksonville, ideal for various uses.
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    • $1,250,000
      4.00 Acres

      Mandarin Land Tract Opportunity

      4-acre land in Mandarin, ideal for residential or investment.
      13936 Mandarin Tract A Rd, Jacksonville, FL 32223
      View Details
    • Contact for pricing
      4.59 Acres

      Land For Sale Jacksonville

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      Build your dream home on this private, beautiful lot.
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    Similar Nearby for Lease

    • Contact for pricing
      32,733 SF

      Prime Mandarin Retail Center

      High-traffic shopping center, 19 suites.
      11362 San Jose Blvd, Jacksonville, FL 32223
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    • Contact for pricing
      257,566 SF

      Riverplace Shopping Center: Jacksonville, FL

      Prime Retail Space: Mandarin, FL. High-traffic location.
      0 Claire Ln & State Rd 13, Jacksonville, FL 32223
      View Details
    • Contact for pricing
      11,568 SF

      Retail Space in Olde Mandarin

      Retail and restaurant spaces available in established shopping center.
      11350 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • Contact for pricing
      31,150 SF

      Retail/Office Space in Mandarin

      Located in a high-traffic retail and office corridor.
      11570 San Jose Blvd, Jacksonville, FL 32223
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    • $2,000,000
      952 SF

      San Jose Boulevard Ground Lease

      Prominent ground lease opportunity on San Jose Boulevard, Jacksonville, FL.
      12331 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • Contact for pricing
      3,280 SF

      San Jose Boulevard Retail Opportunity

      Move-in ready retail space in high-traffic South Mandarin area.
      12644 San Jose Blvd, Jacksonville, FL 32223
      View Details
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    Claire Ln & State Rd 13
    Jacksonville, FL 32223
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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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