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Property profile & analytics
OFF-MARKET Estimated value $1,790,000
Strip malls

12123 Lem Turner Rd Jacksonville, FL 32218-1019

17,535 SF 1.83 ac lot Built 2004
Individually Owned 13-yr Hold Free & Clear
Property ID
US18-9805806
Property summary
AI-generated overview

This exceptional 4,824 square foot endcap retail space presents a remarkable opportunity for businesses seeking high visibility and accessibility. Located in a densely populated area, this property benefits from its strategic position with full, easy access off I-295, boasting an impressive 68,215 AADT. The center enjoys a highly desirable location, shadow-anchored by a Home Depot and situated across from a Walmart, ensuring consistent high traffic flow. Lem Turner Road itself sees a significant 15,666 AADT, further enhancing the property's appeal. Ample parking is available, with an 8/1000 parking ratio, ensuring convenient access for customers and employees. This prime retail space offers an unparalleled chance to establish or expand a business in a thriving commercial area with exceptional visibility and accessibility. The property's strategic location and strong anchor tenants make it an ideal investment for businesses seeking a high-traffic, high-exposure location. The combination of convenient access, high traffic counts, and prominent neighboring retailers creates a compelling opportunity for significant business growth. Don't miss this chance to secure a space in this dynamic retail center.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Construction STEEL FRAME
Total area 17,535 SF
Lot 1.83 ac (79,537 SF)
Zoning code PUD
APN 019964-0700
UPID US18-9805806
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
  • China Wok Restaurant
  • Boost Mobile Mobile Phone Store Electronics & Wireless Store
  • Dollar Tree Discount Store
  • Deals (Bike/Boat/Book/etc) Store
  • Men suits Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.01M
Blend (final) Blend
$1.79M
Owner & transaction history
Hackmeyer Props Of Florida · 13 yrs held
Hackmeyer Props Of Florida
since 2012
4 recorded transactions
2012
Price N/A
2005
$3.8M
2005
$3.7M
2004
$3.3M
Zoning & alternative use
PUD · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $2.9M +2.8%
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