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Property profile & analytics
FOR LEASE
Strip malls
11362 San Jose Blvd Jacksonville, FL 32223
Individually Owned
23-yr Hold
Free & Clear
Property ID
US18-0571161
For Lease
1 / 14
$3,800,000
11362 San Jose Blvd, Jacksonville, FL 32223
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Property summary
AI-generated overview
The Gates of Olde Mandarin, a single-story, 32,733 square foot shopping center, presents a unique investment opportunity in Duval County. Built in 1988, this established center boasts 19 suites, currently housing a mix of retail stores, restaurants, and spas. The property sits on a 3.75-acre lot and offers ample parking with 139 spaces. Currently, 1,388 square feet of retail space is available, with additional space potentially available. The center benefits from a high-traffic location on San Jose Boulevard, experiencing 52,000 vehicles per day. Its attractive landscaping, featuring mature oak trees, creates a welcoming atmosphere for shoppers. The property is zoned CCG1 and has an APN of 156114-0000. This established center offers a strong foundation for continued success and growth, making it an ideal investment for those seeking a well-located retail property in a thriving area. The property's size and suite configuration offer flexibility for a variety of tenants. The high visibility and convenient location ensure strong tenant appeal and potential for increased revenue.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,093 SF
Lot
3.81 ac (165,933 SF)
Zoning code
PUD
APN
156114-0000
UPID
US18-0571161
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
John Brooks - State Farm Insurance Agent Insurance Agency
-
Beach Diner Mandarin Restaurant
-
True Luxus Boutique Clothing Store
-
Southern Notaries Law Firm
-
Pattinson store Wicker Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.96M
Blend (final)
Blend
$3.80M
Owner & transaction history
BENJAMIN S HAKIMIAN
BENJAMIN S HAKIMIAN
Zoning & alternative use
PUD · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.0M
+12.8%
Office building
$5.9M
+10.5%
Apartment house (5+ units)
$5.5M
+2.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jacksonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jacksonville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,315,000
Current use
RETAIL STORES
$5,990,000
Change: +13% · Conversion: Easy
OFFICE BUILDING
$5,870,000
Change: +11% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,460,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$3.80M
Range $3.42M – $4.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$115 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$117,956
Tax year 2023
Assessed value
$6,667,200
Assessed 2023
Previous assessed
$5,732,400
+16.3% YoY
Effective rate
1.77%
On assessed value
Assessed land
$3,188,854
Assessed improvement
$3,478,346
Land market value
$3,188,854
Improvement market value
$3,478,346
Total market value
$6,667,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
18
Rooms
18
Bathrooms
77
Total area
33,093 SF
Lot
3.81 ac (165,933 SF)
Zoning code
PUD
APN
156114-0000
UPID
US18-0571161
Jurisdiction
DUVAL
Zoning & alternative use
PUD · Jacksonville, FL
Zoning PUD · permitted uses
PUD · Jacksonville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jacksonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.3M
RETAIL STORES
Est. value
$6.0M
OFFICE BUILDING
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
18
Rooms
18
Bathrooms
77
Lot
3.81 ac
Current owner
From public records · entity-resolved
BENJAMIN S HAKIMIAN
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 56678, JACKSONVILLE, FL 32241-6678
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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