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Property profile & analytics
OFF-MARKET Estimated value $2,840,000
Strip malls

1407 University N Blvd Jacksonville, FL 32211-5249

20,930 SF 0.97 ac lot Built 1951
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US18-5448332
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1951
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 20,930 SF
Lot 0.97 ac (42,080 SF)
Zoning code CCG-2
APN 141253-0000
UPID US18-5448332
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.84M
Owner & transaction history
Era3 LLC · 11 yrs held
Era3 LLC
since 2014
3 recorded transactions
2014
$690,000
2007
$750,000
1969
Price N/A
Zoning & alternative use
CCG-2 · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Commercial Community/General-2 (CCG-2) District. (a) Permitted uses and structures. (1) Commercial Retail Sales and Service Establishments (2) Retail sales of new or used automobiles, trucks and tractors, mobile homes, boats, pawnshops subject to Part 4, automotive vehicle parts (but not automobile wrecking yards, junkyards or scrap processing yards), heavy…

Zone name Commercial Community General 2
General category COMMERCIAL
Zone area 5,623.40 ac
Source Zoning Ordinance
Top alternative use upside
Auto repair, garage $4.5M +32.8%
Retail stores $3.8M +12.8%
Apartment house (5+ units) $3.5M +2.8%
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