Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    115 4Th Street Cir Jacksonville, FL 32206
    Property profile & analytics

    115 4Th Street Cir Jacksonville, FL 32206

    View on Map
    • Apartment buildings
    • 3,740 SF
    • 0.09 lot acres
    For Sale
    $499,000
    View Listing →
    Jacksonville Multifamily Investment Opportunity For Sale
    $499,000
    3,740 SF

    Jacksonville Multifamily Investment Opportunity

    Five-unit multifamily property in Historic Springfield with in-place cash flow.

    115 4TH Street, Jacksonville, FL 32206
    View Listing
    Property ID
    US18-0518489
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 115 4Th Street Cir

    Year built
    1908
    Construction
    WOOD
    Lot size
    0.09 lot acres
    Property size
    3,740 SF
    Zone code
    RMD-S
    Property type
    Apartment buildings
    APN
    071005-0000
    APU
    710050000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6525
    Latitude
    30.3405
    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
    $6,465
    $51,471
    $308,571
    $360,042
    -
    $51,471
    $308,571
    $360,042

    Comparable in this City

    • Value Estimation by Request

      1130 Market St St

      Multifamily properties
      1130 Market St St, Jacksonville, FL 32206
      View Details
    • Value Estimation
      $560,000
      6,560 SF

      115 2nd St

      APARTMENT HOUSE (5+ UNITS) • 6,560 SF
      115 2nd St, Jacksonville, FL 32206-4932
      View Details
    • Value Estimation
      $560,000
      6,688 SF

      19 38th St

      APARTMENT HOUSE (5+ UNITS) • 6,688 SF
      19 38th St, Jacksonville, FL 32206-6436
      View Details
    • Value Estimation by Request
      4,544 SF

      1225 Harrison St

      APARTMENT HOUSE (5+ UNITS) • 4,544 SF
      1225 Harrison St, Jacksonville, FL 32206-5362
      View Details
    • Value Estimation by Request
      2,760 SF

      115 3rd St

      APARTMENT HOUSE (5+ UNITS) • 2,760 SF
      115 3rd St, Jacksonville, FL 32206-5015
      View Details
    • Value Estimation
      $560,000
      6,710 SF

      1715 Blvd Boulevard

      APARTMENT HOUSE (5+ UNITS) • 6,710 SF
      1715 Blvd Boulevard, Jacksonville, FL 32206-4399
      View Details

    Similar Nearby for Sale

    • $550,000
      3,490 SF

      Historic Springfield Multifamily Investment Opportunity

      Six rentable units with investment and flexible living configurations.
      324 E 7Th St, Jacksonville, FL 32206
      View Details
    • $1,050,000
      Pending

      Turn-Key Jacksonville Multifamily Investment

      Fully renovated, high-yield, 29-bedroom rental property in Jacksonville, Florida.
      51 E 32Nd St, Jacksonville, FL 32206
      View Details
    • Contact for pricing
      7,308 SF

      Multifamily Property with Six Units

      Multifamily property featuring six units with a $175,000 unit price.
      51 E 32Nd St, Jacksonville, FL 32206
      View Details
    • $1,075,000

      Jacksonville Multifamily Portfolio

      Seven-unit residential portfolio with immediate cash flow and growth potential.
      4225 Springfield Blvd, Jacksonville, FL 32206
      View Details
    • $499,000
      3,740 SF

      Jacksonville Multifamily Investment Opportunity

      Five-unit multifamily property in Historic Springfield with in-place cash flow.
      115 4Th Street Cir, Jacksonville, FL 32206
      View Details
    • $420,000
      Pending

      Turn-Key Jacksonville Multi-Family Investment

      Renovated multi-family property generating $6387 gross monthly income.
      51 E 32Nd St, Jacksonville, FL 32206
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Springfield Storefront on N Main

      Retail space in Jacksonville's Historic Springfield neighborhood.
      1724-1728 N Main St, Jacksonville, FL 32206
      View Details
    • $1,950 /Mo
      1,799 SF

      Springfield Office/Retail Space Available

      Office/retail space for rent in Jacksonville's Springfield neighborhood.
      1827 N Pearl St, Jacksonville, FL 32206
      View Details
    • $11 SF/Yr
      3,519 SF

      1124 21St St

      Distribution centers
      1124 21St St, Jacksonville, FL 32206
      View Details
    • Contact for pricing

      Office Space Near Downtown Jacksonville

      Office suites for rent near Jacksonville's Central Business District.
      1128 N Laura St, Jacksonville, FL 32206
      View Details
    View Listing
    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.
    115 4Th Street Cir
    Jacksonville, FL 32206
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    115 4Th Street Cir, Jacksonville, FL, 32206
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!