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

    1187 Ln S Ave Jacksonville, FL 32205-6233

    • Outlet malls
    • 2,424 SF
    • 8.26 lot acres
    OFF-MARKET
    Last Sale
    Mar 12, 2024
    $5,565,500
    Value Estimations
    $5,565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2920283
    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

    • Edwards Tree & Shrub Services / Tree Service
    • Black Friday Outlet / Outlet Store

    Property Details for 1187 Ln S Ave

    Year built
    1987
    Construction
    STEEL FRAME
    Lot size
    8.26 lot acres
    Property size
    2,424 SF
    Zone code
    PUD
    Property type
    Outlet malls
    APN
    011706-0110
    APU
    117060110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,565,000
      ML approach
      $5,565,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7501
    Latitude
    30.3024
    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
    $15,937
    $656,550
    $213,267
    $869,817
    -
    $656,550
    $213,267
    $869,817

    Comparable in this City

    • Value Estimation
      $890,000
      135,837 SF

      5155 Lenox Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 135,837 SF
      5155 Lenox Ave, Jacksonville, FL 32205-4835
      View Details
    • Value Estimation
      $600,000
      216,031 SF

      6830 Normandy Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 216,031 SF
      6830 Normandy Blvd, Jacksonville, FL 32205-1902
      View Details
    • Value Estimation
      $480,000
      8,431 SF

      619 Cassat Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 8,431 SF
      619 Cassat Ave, Jacksonville, FL 32205-4716
      View Details
    • Value Estimation
      $800,000
      110,550 SF

      855 Ln S Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 110,550 SF
      855 Ln S Ave, Jacksonville, FL 32205-4704
      View Details
    • Value Estimation
      $1,200,000
      2,136 SF

      7102 Normandy Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 2,136 SF
      7102 Normandy Blvd, Jacksonville, FL 32205-6213
      View Details
    • Value Estimation
      $295,000
      3,789 SF

      1198 Edgewood S Ave

      SHOPPING CENTER, STRIP CENTER • 3,789 SF
      1198 Edgewood S Ave, Jacksonville, FL 32205-5370
      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
    • $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
    • $4,000,000
      12,463 SF

      Profitable Auto Dealership & Riverfront Home

      Turn-key auto dealership, real estate, and optional riverfront home.
      5013 Park St, Jacksonville, FL 32205
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      1,680 SF

      Retail Space in Commonwealth Center

      Retail spaces available in busy shopping center.
      1012 Edgewood Ave N, Jacksonville, FL 32205
      View Details
    • $12 SF/Yr
      2,924 SF

      Retail Space Near Lowe's Development

      Retail space shadow-anchored by Winn-Dixie and Marshalls.
      5229-5239 Normandy Blvd, Jacksonville, FL 32205
      View Details
    • $17 SF/Yr
      5,000 SF

      Prime Murray Hill Creative Office Space

      High-visibility creative office suites available.
      4300 Plymouth St, Jacksonville, FL 32205
      View Details
    • Contact for pricing
      10,826 SF

      Prime Murray Hill Retail Space

      Jacksonville Retail Opportunity: 10,826 SF Available
      840 Edgewood Ave, Jacksonville, FL 32205
      View Details

    Property Visit Statistics

    • Visits by month
      1.4k
    • Visitors by month
      1.5k
    • Avg Time on site
      31 min
    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.
    1187 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.