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

    1879 Lane Ave Jacksonville, FL 32210

    • Grocery and convenience stores
    • 1,680 SF
    • 0.58 lot acres
    For Sale
    View listing
    $829,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2741639
    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

    • Coinsource Bitcoin ATM / Atm
    • Earth Systems / Environmental Engineer

    Property Details for 1879 Lane Ave

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    0.58 lot acres
    Property size
    1,680 SF
    Zone code
    CCG-1
    Property type
    Grocery and convenience stores
    APN
    011525-0500
    APU
    115250500

    Description

    This vacant, 1,680 square foot convenience store and gas station, located at 1879 Lane Ave S in Jacksonville, Florida (32210), presents a compelling redevelopment or owner-user opportunity. The property sits on a substantial 28,314 square foot lot and includes five gas pumps (requiring replacement) and 15 parking spaces. Built in 2001, the building is zoned CCG-1 and offers significant potential for various uses. The asking price is $829,000, translating to $493.45 per square foot. The property's high visibility on a main road ensures substantial traffic and potential clientele. Its current configuration as a closed convenience store and gas station provides a solid foundation for either a revitalized operation or a complete transformation into a different retail concept. The large lot size allows for expansion or additional development. This fee-simple ownership opportunity is ideal for investors seeking a versatile property in a busy Jacksonville location. The property's existing infrastructure, including the building and parking, provides a cost-effective starting point for redevelopment projects. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7549
    Latitude
    30.285
    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
    $9,108
    $84,942
    $416,258
    $501,200
    -
    $84,942
    $416,258
    $501,200

    Comparable in this City

    • Value Estimation by Request
      3,200 SF

      9195 103rd St

      CONVENIENCE STORE • 3,200 SF
      9195 103rd St, Jacksonville, FL 32210-8607
      View Details
    • Value Estimation
      $960,000
      7,781 SF

      8820 103rd St

      CONVENIENCE STORE • 7,781 SF
      8820 103rd St, Jacksonville, FL 32210-8602
      View Details
    • Value Estimation
      $525,000
      3,744 SF

      2688 Old Middleburg N Rd

      CONVENIENCE STORE • 3,744 SF
      2688 Old Middleburg N Rd, Jacksonville, FL 32210-3513
      View Details
    • Value Estimation
      $615,000
      3,196 SF

      7211 103rd St

      CONVENIENCE STORE • 3,196 SF
      7211 103rd St, Jacksonville, FL 32210-1464
      View Details
    • Value Estimation by Request
      2,640 SF

      2923 Manitou Ave

      CONVENIENCE STORE • 2,640 SF
      2923 Manitou Ave, Jacksonville, FL 32210-4443
      View Details
    • Value Estimation by Request
      3,540 SF

      5029 Harlow Blvd

      CONVENIENCE STORE • 3,540 SF
      5029 Harlow Blvd, Jacksonville, FL 32210-6845
      View Details

    Similar Nearby for Sale

    • $829,000
      1,680 SF

      Lane Ave Gas Station - Jacksonville

      Prime Retail Redevelopment Opportunity
      1879 Lane Ave, Jacksonville, FL 32210
      View Details
    • $11,899,000
      15,143 SF

      Jacksonville CVS Investment Opportunity

      High-Yield CVS Storefront in Prime Location
      4475 San Juan Ave, Jacksonville, FL 32210
      View Details
    • $255,000

      Blanding Blvd Retail Opportunity

      Retail/office property on high-traffic Blanding Blvd with redevelopment potential.
      4922 Blanding Blvd, Jacksonville, FL 32210
      View Details
    • $295,000
      1,917 SF

      Blanding Blvd Retail/Office Opportunity

      1,917 SF building on Blanding Blvd with high visibility.
      3834 Blanding Blvd, Jacksonville, FL 32210
      View Details
    • $825,000
      7,560 SF

      Jacksonville Retail Plaza For Sale

      Fully occupied retail plaza near desirable Jacksonville locations.
      5670 Timuquana Rd, Jacksonville, FL 32210
      View Details
    • $2,995,000
      23,810 SF

      Timuquana Business Park For Sale

      Multi-tenanted office/retail plaza in Jacksonville, Florida.
      5560 Timuquana Rd, Jacksonville, FL 32210
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,000 SF

      Retail Space in Jacksonville, FL

      Retail space available for lease in Jacksonville, Florida.
      8970 103Rd St, Jacksonville, FL 32210
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space in Ortega Park

      Retail space for lease in Jacksonville's established Ortega Park.
      4403 Roosevelt Blvd, Jacksonville, FL 32210
      View Details
    • Contact for pricing
      9,040 SF

      Retail Spaces in Blanding Town

      Versatile retail spaces in a high-traffic Jacksonville location.
      5276 Blanding Blvd, Jacksonville, FL 32210
      View Details
    • $20 SF/Yr
      1,160 SF

      Updated Retail Units Available

      Freshly updated retail units suitable for various businesses.
      2417-2425 Lake Shore Blvd, Jacksonville, FL 32210
      View Details
    • Contact for pricing

      Blanding Corners Retail Hub

      Bustling retail hub in Cedar Hills neighborhood, West Jacksonville.
      5324 Blanding Blvd, Jacksonville, FL 32210
      View Details
    • Contact for pricing

      Retail Space on Roosevelt Boulevard

      1,376 SF retail space in high-traffic Jacksonville location.
      4261 Roosevelt Blvd, Jacksonville, FL 32210
      View Details
    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.
    1879 Lane Ave
    Jacksonville, FL 32210
    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.