1585 Is Ln Fleming Island, FL 32003-7454
Property Lookup
Property profile & analytics
1585 Is Ln Fleming Island, FL 32003-7454
- Auto shops
- 2,268 SF
- 0.37 lot acres
Property ID
US18-7999915
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.
Location Intelligence
Current Use by Public Records
- Goodyear Auto Service / (Bike/Boat/Book/etc) Store / Auto Parts Store
- Jiffy Lube / Auto Repair Shop
Property Details for 1585 Is Ln
- Year built
- 2000
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.37 lot acres
- Property size
- 2,268 SF
- Zone code
- PUD
- Property type
- Auto shops
- APN
- 32-04-26-021262-006-40
- APU
- 32042602126200640
Description
This exceptional investment opportunity presents a 0.88-acre, net-leased retail property in Fleming Island, Florida, featuring a Goodyear Auto Service and a Jiffy Lube. Both tenants boast a remarkable 25-year operating history at this location, built in 2000, and are situated on a high-traffic retail corridor (County Road 220) experiencing 35,000 vehicles daily. The property benefits from a 100% occupancy rate with a strong NOI of $211,428, generating a 6.30% cap rate. The lease terms are exceptionally favorable, with Goodyear operating under a lease expiring March 31, 2035, and Jiffy Lube recently exercising a 10-year extension. Goodyear's lease is corporate guaranteed by The Goodyear Tire & Rubber Company. The location is within an affluent area, boasting average household incomes exceeding $115,000 within a five-mile radius and a dense population exceeding 89,000 within the same area. This offering presents a rare chance to acquire a stable, high-performing asset with significant long-term growth potential. The asking price is $3,354,400. Goodyear's current annual rent is $111,804, significantly below market value. This property offers a compelling combination of strong tenants, long-term leases, and a prime location in a rapidly growing market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,445,000
- ML approach
- $2,750,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fleming Island
- County
- Clay
- State
- Florida
- Longitude
- -81.7137
- Latitude
- 30.1028
- 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
$10,005
$381,711
$120,500
$502,211
-
$381,711
$120,500
$502,211
