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    10251 Shops Ln Jacksonville, FL 32258-7406
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    10251 Shops Ln Jacksonville, FL 32258-7406

    View on Map
    • Outlet malls
    • 211,850 SF
    • 18.48 lot acres
    Off-Market
    Property ID
    US18-4513669
    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.
    Value Estimations
    $25,855,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Walmart Photo Center / (Bike/Boat/Book/etc) Store
    • Jackson Hewitt Tax Service / Accounting Firm / Tax Preparation
    • Subway / Take-out & Catering / Catering Service
    • Walmart Garden Center / Garden Center
    • Western Union / Bank / Credit Union

    Property Details for 10251 Shops Ln

    Year built
    2009
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    18.48 lot acres
    Property size
    211,850 SF
    Zone code
    PUD
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    155550-0100
    APU
    1555500100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $26,564,000
      Market price range: $16.9M - $65.0M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $38,350,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $34,965,000
      Change: -9% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $34,015,000
      Change: -11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5565
    Latitude
    30.1789
    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
    $321,754
    $5,234,450
    $12,231,801
    $17,466,251
    -
    $5,234,450
    $12,231,801
    $17,466,251

    Comparable in this City

    • Value Estimation
      $3,655,000
      25,597 SF

      14866 Old Saint Augustine Rd Ste, Unit 113

      SHOPPING CENTER, STRIP CENTER • 25,597 SF
      14866 Old Saint Augustine Rd Ste, Jacksonville, FL 32258-2611
      View Details
    • Value Estimation
      $1,210,000
      8,173 SF

      12547 Bartram Park Blvd

      SHOPPING CENTER, STRIP CENTER • 8,173 SF
      12547 Bartram Park Blvd, Jacksonville, FL 32258-5566
      View Details
    • Value Estimation
      $2,155,000
      14,534 SF

      13720 Old Saint Augustine Rd, Unit 510

      SHOPPING CENTER, STRIP CENTER • 14,534 SF
      13720 Old Saint Augustine Rd, Jacksonville, FL 32258-7414
      View Details
    • Value Estimation
      $5,030,000
      34,644 SF

      14965 Old Saint Augustine Rd

      SHOPPING CENTER, STRIP CENTER • 34,644 SF
      14965 Old Saint Augustine Rd, Jacksonville, FL 32258-9480
      View Details
    • Value Estimation
      $1,715,000
      11,510 SF

      13920 Old Saint Augustine Rd

      SHOPPING CENTER, STRIP CENTER • 11,510 SF
      13920 Old Saint Augustine Rd, Jacksonville, FL 32258-5561
      View Details
    • Value Estimation
      $535,000
      3,302 SF

      12709 Bartram Park Blvd

      SHOPPING CENTER, STRIP CENTER • 3,302 SF
      12709 Bartram Park Blvd, Jacksonville, FL 32258-5584
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land on Old St.

      Commercial land suitable for retail, office, medical, or mixed-use.
      11400 Old St Augustine Rd, Jacksonville, FL 32258
      View Details
    • $1,795,000
      6,206 SF

      Turn-Key Building on High-Traffic Road

      6,206 SF building on 0.84 acres, ideal for various uses.
      4310 Barkoskie Rd, Jacksonville, FL 32258
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    • $400,000
      1,140 SF

      Jacksonville Office Condo For Sale

      Professional office condo in Southside/Bartram Park area of Jacksonville.
      6100 Greenland Rd, Jacksonville, FL 32258
      View Details
    • $2,825,000
      1 SF

      Commercial Land in Growing Corridor

      Pad-ready commercial land in Jacksonville's fast-growing Durbin/Bartram area.
      Nwc Of Old St Augustine Rd & Flagler Ctr Blvd, Jacksonville, FL 32258
      View Details
    • $88,400
      1.27 Acres

      Residential Lot in Greenland Area

      1.27+/- acre vacant residential lot in South Jacksonville.
      Pine St, Jacksonville, FL 32258
      View Details
    • $925,000
      Pending

      Jacksonville Commercial Land Parcel

      PUD-zoned commercial land in a rapidly growing Jacksonville area.
      Veveras Dr, Jacksonville, FL 32258
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    Similar Nearby for Lease

    • Contact for pricing

      Outparcels at Shoppes at Durbin

      Three outparcels for rent in Jacksonville, Florida.
      Old St Augustine Rd, Jacksonville, FL 32258
      View Details
    • Contact for pricing
      3,200 SF

      Restaurant Space in Bartram Park

      3,200 SF restaurant space with a fully built-out kitchen.
      12640 Bartram Park Blvd, Jacksonville, FL 32258
      View Details
    • Contact for pricing
      1,657 SF

      Gran Bay Parkway Retail/Office/Flex Space

      New construction retail, showroom, office, and flex space available for rent.
      13830 Gran Bay Pkwy, Jacksonville, FL 32258
      View Details
    • $500 /Mo
      1,014 SF

      Executive Suite in Jacksonville Office

      Private office suite with shared amenities in Jacksonville, Florida.
      11481 Old St Augustine Rd, Jacksonville, FL 32258
      View Details
    • Contact for pricing

      Industrial Space Available For Rent

      9,116 SqFt industrial space available for rent.
      6695 Colray Ct, Jacksonville, FL 32258
      View Details
    • Contact for pricing

      Industrial Land with Rail Access

      Industrial land for lease with excellent access and rail spur.
      14770 Old Saint Augustine Rd, Jacksonville, FL 32258
      View Details
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    Jacksonville, FL 32258-7406
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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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