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Property profile & analytics

1602 Walnut St Jacksonville, FL 32206

  • Turn key restaurants
  • 1,222 SF
  • 0.04 lot acres
Value Estimation
$260,000
Location Intelligence
Property ID
US18-9798227
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

  • Chef Kenny's Spice Blends / Spice Store

Property Details for 1602 Walnut St

Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.04 lot acres
Property size
1,222 SF
Zone code
CN-S
Property type
Turn key restaurants
APN
072304-0100
APU
723040100

Description

This exceptional 4,000 square foot retail space, located at the prominent corner of 6th and Walnut Streets in Historic Springfield, presents a unique opportunity for a discerning business owner. The single-tenant property sits on a 0.08-acre lot and boasts a charming, historic character, ideal for a restaurant or café. The space is fully furnished and ready for immediate occupancy, eliminating the need for extensive renovations or setup. Rent is $5,000 per month (plus applicable sales tax and operating expenses), with additional rent based on annual sales exceeding $750,000. Ample street parking ensures convenient access for customers and employees. A significant advantage is the inclusion of a tranquil Zen Garden and an Event Room within the rental price, providing unique amenities to enhance the business and potentially expand service offerings. The property's prime corner location offers excellent visibility and foot traffic, making it an attractive proposition for a variety of businesses seeking a move-in ready, historically significant space with added outdoor and event space. This is a rare opportunity to secure a fully furnished, turn-key retail space in a desirable historic district.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $270,000
  • CAP approach

    CAP return
    Estimation
    6%
    $275,000
    6.5%
    $275,000
    7%
    $280,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $240,000
    Geo Method
    $230,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $255,000
    Retail
    $255,000
    Mixed-Use
    $270,000
    Hospitality
    $260,000
    Educational
    $275,000
    Residential Income
    $240,000
    Energy
    $255,000
    Income-Based Land
    $270,000
    Food Service
    $305,000

Location Insight

  • Map
  • Local Demand
City
Jacksonville
County
Duval
State
Florida
Longitude
-81.6483
Latitude
30.3427
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
$2,462
$7,625
$128,175
$135,800
-
$7,625
$128,175
$135,800
More about this property
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