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1001 Kings Ave Jacksonville, FL 32207-8356

OFF-MARKET Office buildings Google Maps
12,838 SF 0.22 ac lot Built 1912
Entity Owned 5-yr Hold ~ Est. High Equity
Estimated value (blended)
$2.45M
Range $2.20M – $2.69M (±10%)
Property ID US18-0667401

Property summary

AI-generated overview

This stunning three-story, 11,702 square foot creative office building, located at 1001 Kings Ave in Jacksonville, Florida's desirable Southbank submarket, presents a unique investment opportunity. Built in 1912 and extensively renovated in 2022, the Class B property boasts 3,950 square feet of immediately available space within a multi-tenant building. The building sits on a 0.22-acre lot and offers ample parking with 20 onsite spaces, supplemented by readily available free public parking near the Skyway/95 overpass. Its prime location in Duval County places it within easy walking distance of numerous restaurants and retail establishments, as well as the scenic St. Johns River waterfront. The building's blend of historic charm and modern updates makes it an ideal space for creative businesses seeking a vibrant and convenient location. The property's address is 1001 Kings Ave, Jacksonville, FL 32207. This is a rare chance to acquire a well-maintained, historically significant building in a thriving Jacksonville neighborhood. The building's multiple tenancy structure offers flexibility and potential for diverse income streams.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1912
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 12,838 SF
Lot 0.22 ac (9,795 SF)
Zoning code CCBD
APN 080088-0000
UPID US18-0667401

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Furniture & Home Goods Home Decor Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.48M
CAP Approach CAP
$3.03M
Comparable Approach Comparable
$2.42M
Blend (final) Blend
$2.45M

Owner & transaction history

since 2021
Last sale
$2.3M
3 recorded transactions
2021
$2.3M
1999
$250,000
1969
Price N/A

Zoning & alternative use

CCBD · Jacksonville, FL
Zoning description

CCG, CCBD and CR zoning districts- (i) One street frontage sign per lot not exceeding one square foot for each linear foot of street frontage, per street, to a maximum size of 300 square feet in area for every 300 linear…

General category COMMERCIAL
Top alternative use upside
Medical building $2.9M +78.0%
Neighborhood: shopping center $2.8M +71.3%
Auto repair, garage $2.7M +66.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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