Technical
Financial
Distress signals
Property profile

1401 Penman Rd E E Ste Jacksonville Beach, FL 32250

OFF-MARKET
Office Spaces
Property ID
US18-3183907
1,000 SF 0.02 ac lot Built 1983
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 1401 Penman Road in Jacksonville Beach, Florida, presents a unique investment opportunity. The 871.2 sq ft building, constructed in 1983, is a single-story structure currently operating as a turnkey hair salon with five styling stations. Three stations are currently leased at $700 per month each, generating substantial rental income, with two additional stations available for lease. The property boasts a prime location between Beach Boulevard and Atlantic Boulevard, ensuring high visibility and significant foot traffic. Ample parking is available with over 50 spaces. Recent improvements include a new roof and upgraded ceiling insulation. The property's versatile nature allows for a variety of commercial uses beyond its current configuration. Showings are strictly by appointment only, Saturdays through Mondays. The asking price is $450,000. This is a rare opportunity in a highly desirable location; don't miss out. The property is situated in Duval County, Florida, zip code 32250.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1983
Construction WOOD
Total area 1,000 SF
Lot 0.02 ac (712 SF)
APN 177387-0060
UPID US18-3183907

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1401 Penman Rd E E Ste Jacksonville Beach, FL 32250-3647
Jacksonville Beach metro Census 14101 JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$520k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$565k

Owner & transaction history

since 2021
Last sale
$535,000
2 recorded transactions
2021
$535,000
2016
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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