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
    Property profile & analytics

    9940 Atlantic Blvd Jacksonville, FL 32225

    • Office buildings
    • 1,221 SF
    • 0.81 lot acres
    For Lease
    View listing
    $98 SF/Yr
    Last Sale
    Jul 02, 2024
    $362,100
    Value Estimations
    $360,000
    Cap Rate Potential
    4.9%
    Office buildings
    Location Intelligence
    Property ID
    US18-4535612
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Beachside Ride / Used Car Dealer / Car Dealer
    • Wheeler Auto Group / Auto Broker
    • Clickit Automotive Group / Car Dealer
    • ATM (Raceway Inc) / Atm / Car Racing Track
    • Raceway / Convenience Store

    Property Details for 9940 Atlantic Blvd

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.81 lot acres
    Property size
    1,221 SF
    Zone code
    CCG-2
    Property type
    Office buildings
    APN
    163454-0010
    APU
    1634540010

    Description

    This exceptional 1,221 sq. ft. retail property, situated on a 0.81-acre lot on Atlantic Boulevard, presents a unique investment opportunity. Ideally positioned between established BMW and Mercedes dealerships, this single-tenant building benefits from high traffic volume and visibility within a thriving automotive retail corridor. The property offers flexible lease options to suit various business needs. The main area, encompassing the front office canopy and main parking lot, is available for $9,000 per month on a triple net lease. A separate mechanic shop area, including a dedicated office, bathroom, storage space, and one container, is offered at $3,500 per month, also triple net. A third area, currently designated for renovation, includes a bathroom, a fenced-in rear lot, a carport, and three containers, and is available for $2,400 per month on a triple net basis. For those seeking the entire property, a combined lease of $13,000 per month, triple net, is available. This prime location and adaptable space make this an exceptional opportunity for an automotive-related business or a similar enterprise seeking high visibility and convenient access. The property's layout and multiple lease options provide significant flexibility for potential tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $360,000
      ML approach
      $360,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $300,000
      6.5%
      $275,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $377,000
      Market price range: $128k - $378k
      AI Estimate
      $414,000
      Market price range: $56.7k - $415k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5414
    Latitude
    30.3222
    CBSA code
    27260
    CBSA name
    JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,131
    $529,260
    $315,829
    $845,089
    -
    $529,260
    $315,829
    $845,089

    Comparable in this City

    • Value Estimation
      $490,000
      10,592 SF

      13553 Atlantic Blvd

      OFFICE BUILDING • 10,592 SF
      13553 Atlantic Blvd, Jacksonville, FL 32225-3256
      View Details
    • Value Estimation
      $315,000
      5,507 SF

      1309 Saint Johns Blf N Rd

      OFFICE BUILDING • 5,507 SF
      1309 Saint Johns Blf N Rd, Jacksonville, FL 32225-7333
      View Details
    • Value Estimation
      $295,000
      2,210 SF

      10246 Atlantic Blvd

      OFFICE BUILDING • 2,210 SF
      10246 Atlantic Blvd, Jacksonville, FL 32225-6667
      View Details
    • Value Estimation
      $2,190,000
      6,624 SF

      9137 Merrill Rd

      OFFICE BUILDING • 6,624 SF
      9137 Merrill Rd, Jacksonville, FL 32225-4364
      View Details
    • Value Estimation
      $355,000
      16,784 SF

      711 Saint Johns Blf N Rd

      OFFICE BUILDING • 16,784 SF
      711 Saint Johns Blf N Rd, Jacksonville, FL 32225-6718
      View Details
    • Value Estimation
      $280,000
      15,700 SF

      102 Kernan N Blvd

      OFFICE BUILDING • 15,700 SF
      102 Kernan N Blvd, Jacksonville, FL 32225-5300
      View Details

    Similar Nearby for Sale

    • $896,000

      Jacksonville Office Building For Sale

      Office building available for purchase in Jacksonville, Florida.
      13119 Professional Dr, Jacksonville, FL 32225
      View Details
    • $899,000

      Multi-Building Industrial Property on Lee Road

      Industrial property with five buildings near Atlantic Boulevard and I-295.
      108 Lee Rd, Jacksonville, FL 32225
      View Details
    • $947,200
      3,200 SF

      Jacksonville Office Building - $947,200

      Prime Office Investment, 100% Occupied
      13133 Professional Dr, Jacksonville, FL 32225
      View Details
    • $1,935,000
      6,768 SF

      Atlantic Blvd Office Investment

      Jacksonville Office Building, 6,768 SF
      13121 Atlantic Blvd, Jacksonville, FL 32225
      View Details
    • Contact for pricing
      4,338 SF

      Executive Park Office Condominium Units

      Three office condominium units for sale in Jacksonville, Florida.
      12086 Fort Caroline Rd, Jacksonville, FL 32225
      View Details
    • $825,000

      Jacksonville Banquet Hall For Sale

      Elegant Event Venue, Legacy Opportunity
      10750 Atlantic Blvd, Jacksonville, FL 32225
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,362 SF

      Southside Office Tower with Parking

      12-story office tower with abundant parking and convenient access.
      9550 Regency Square Blvd, Jacksonville, FL 32225
      View Details
    • Contact for pricing
      1,709 SF

      Medical/Retail Spaces For Lease

      Medical/retail spaces available for lease, delivery expected mid 2025.
      13617-13619 Atlantic Blvd, Jacksonville, FL 32225
      View Details
    • $19 SF/Yr
      2,183 SF

      Office Space Available For Rent

      Office space available for lease in Jacksonville, Florida.
      13001 Atlantic Blvd, Jacksonville, FL 32225
      View Details
    • Contact for pricing
      13,607 SF

      Jacksonville Medical Office Space for Lease

      Class A Medical Office Suites - Available 2025
      13617 Atlantic Blvd, Jacksonville, FL 32225
      View Details
    • $18 SF/Yr
      23,082 SF

      Regency Square Office Space Available

      Office suites available for lease in Jacksonville, Florida.
      9485 Regency Square Blvd, Jacksonville, FL 32225
      View Details
    • $20 SF/Yr
      8,251 SF

      Office Space Available For Rent

      Office space available for lease in Jacksonville, Florida.
      1201 Monument Rd, Jacksonville, FL 32225
      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.
    9940 Atlantic Blvd
    Jacksonville, FL 32225
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.