Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1161 Ln S Ave Jacksonville, FL 32205-6233

    • Turn key restaurants
    • 4,287 SF
    • 0.81 lot acres
    OFF-MARKET
    Last Sale
    Jul 30, 2021
    $800,000
    Value Estimations
    $1,000,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3821603
    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

    • Mr. Crab Restaurant / Seafood Restaurant / Restaurant

    Property Details for 1161 Ln S Ave

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.81 lot acres
    Property size
    4,287 SF
    Zone code
    CCG-1
    Property type
    Turn key restaurants
    APN
    007563-0100
    APU
    75630100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $870,000
      ML approach
      $860,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,390,000
      Market price range: $954k - $3.46M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7514
    Latitude
    30.3038
    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
    $12,385
    $318,339
    $339,361
    $657,700
    -
    $318,339
    $339,361
    $657,700

    Comparable in this City

    • Value Estimation
      $325,000
      3,712 SF

      705 Ln S Ave

      RESTAURANT • 3,712 SF
      705 Ln S Ave, Jacksonville, FL 32205-4702
      View Details
    • Value Estimation
      $340,000
      8,929 SF

      5086 Normandy Blvd

      RESTAURANT • 8,929 SF
      5086 Normandy Blvd, Jacksonville, FL 32205-4824
      View Details
    • Value Estimation
      $115,000
      1,970 SF

      5150 Normandy Blvd

      RESTAURANT • 1,970 SF
      5150 Normandy Blvd, Jacksonville, FL 32205-4826
      View Details
    • Value Estimation
      $260,000
      4,327 SF

      1171 Edgewood S Ave

      RESTAURANT • 4,327 SF
      1171 Edgewood S Ave, Jacksonville, FL 32205-5372
      View Details
    • Value Estimation
      $345,000
      9,209 SF

      3551 Saint Johns Ave

      RESTAURANT • 9,209 SF
      3551 Saint Johns Ave, Jacksonville, FL 32205-8468
      View Details
    • Value Estimation
      $435,000
      11,406 SF

      1201 Memorial Park Rd

      RESTAURANT • 11,406 SF
      1201 Memorial Park Rd, Jacksonville, FL 32205-6333
      View Details

    Similar Nearby for Sale

    • $1,500,000
      6,909 SF

      Versatile Commercial Property on Cassat Avenue

      Spacious property suitable for retail, office, or industrial use.
      711 Cassat Ave, Jacksonville, FL 32205
      View Details
    • $1,250,000
      18,523 SF

      Jacksonville Retail Space For Sale

      Two buildings totaling 18,523 SF on 0.94 acres.
      4045 Post St, Jacksonville, FL 32205
      View Details
    • $2,780,000
      12,500 SF

      Jacksonville Automotive Property For Sale

      12,500 SF Byrider NNN asset in high-traffic Jacksonville area.
      1275 Cassat Ave, Jacksonville, FL 32205
      View Details
    • $799,000
      5,220 SF

      Normandy Boulevard Commercial Building

      Freestanding building on Normandy Blvd, Jacksonville, with repositioning potential.
      5413 Normandy Blvd, Jacksonville, FL 32205
      View Details
    • $650,000
      1,798 SF

      Retail Space on Cassat Avenue

      Retail property for sale located on Cassat Avenue.
      1165 Cassat Ave, Jacksonville, FL 32205
      View Details
    • $234,000

      Jacksonville Retail Corner Lot

      High-Visibility Fixer-Upper, $234,000
      1110 Mckinlay Ct, Jacksonville, FL 32205
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr
      6,722 SF

      Restaurant/Cafe Space with Patio

      6,722 SF restaurant space with dedicated parking and patio.
      3638 Park St, Jacksonville, FL 32205
      View Details
    • $19 SF/Yr
      70,780 SF

      Normandy Station Office Suites

      West Jacksonville Office Space Available
      7200 Normandy Blvd, Jacksonville, FL 32205
      View Details
    • $32 SF/Yr
      4,750 SF

      Edgewood Ave Retail Space

      Prime Murray Hill Retail Opportunity
      1195 Edgewood Ave, Jacksonville, FL 32205
      View Details
    • $3 SF/Yr
      12,429 SF

      Prime Lenox Ave Retail Opportunity

      Jacksonville Retail Space - Drive-Thru & High Visibility
      5333-5337 Lenox Ave, Jacksonville, FL 32205
      View Details
    • Contact for pricing
      44,175 SF

      Normandy Blvd Retail Space Available

      Jacksonville Retail Center: 6,593 SF Vacant
      5229 Normandy Blvd, Jacksonville, FL 32205
      View Details
    • $10 SF/Yr
      26,160 SF

      Plymouth Plaza Retail Center

      Jacksonville, FL Retail Space Available
      3325 Plymouth St, Jacksonville, FL 32205
      View Details
    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.
    1161 Ln S Ave
    Jacksonville, FL 32205-6233
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.