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

    1965 Ln S Ave Jacksonville, FL 32210-2741

    • Turn key restaurants
    • 1,958 SF
    • 0.46 lot acres
    OFF-MARKET
    Last Sale
    May 24, 2023
    $370,000
    Value Estimations
    $400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5585299
    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

    • Tasty seafood chicken And Subs / Seafood Restaurant
    • Gammy's / Restaurant

    Property Details for 1965 Ln S Ave

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.46 lot acres
    Property size
    1,958 SF
    Zone code
    CCG-1
    Property type
    Turn key restaurants
    APN
    011855-0005
    APU
    118550005

    Description

    This exceptional commercial property at 1965 Lane Avenue, Jacksonville, FL 32210, presents a lucrative investment opportunity. The property, built in 1965, encompasses a substantial 20,037.6 square foot lot and features a single-story, fully equipped seafood restaurant with a convenient drive-thru. Located on a busy street within a densely populated residential area, this well-established business enjoys high visibility and consistent customer traffic. The asking price is $180,000. The property's single unit structure offers streamlined management and operational efficiency. The current tenant operates a successful seafood restaurant, providing a strong foundation for continued profitability. The seller is open to owner financing, with terms to be negotiated. Potential buyers are responsible for conducting their own due diligence, including but not limited to compliance with all applicable City, County, State, and Federal regulations. This is a rare chance to acquire a thriving business with significant growth potential in a prime Jacksonville location. The property's size and location make it ideal for a variety of commercial uses, offering flexibility for future expansion or adaptation. The existing infrastructure and equipment provide a significant advantage for a new owner. Don't miss this opportunity to own a piece of Jacksonville's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $385,000
      ML approach
      $400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $435,000
      Market price range: $436k - $1.58M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7548
    Latitude
    30.2829
    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
    $3,221
    $60,111
    $146,389
    $206,500
    -
    $60,111
    $146,389
    $206,500

    Comparable in this City

    • Value Estimation
      $485,000
      5,658 SF

      4401 Roosevelt Blvd

      RESTAURANT • 5,658 SF
      4401 Roosevelt Blvd, Jacksonville, FL 32210-3350
      View Details
    • Value Estimation
      $580,000
      3,420 SF

      6315 San Juan Ave

      RESTAURANT • 3,420 SF
      6315 San Juan Ave, Jacksonville, FL 32210-2853
      View Details
    • Value Estimation
      $305,000
      3,108 SF

      5229 Jammes Rd

      RESTAURANT • 3,108 SF
      5229 Jammes Rd, Jacksonville, FL 32210-7720
      View Details
    • Value Estimation
      $260,000
      2,720 SF

      7403 103rd St

      RESTAURANT • 2,720 SF
      7403 103rd St, Jacksonville, FL 32210-6710
      View Details
    • Value Estimation
      $335,000
      5,377 SF

      1923 Ln S Ave

      RESTAURANT • 5,377 SF
      1923 Ln S Ave, Jacksonville, FL 32210-2741
      View Details
    • Value Estimation
      $500,000
      1,956 SF

      4610 San Juan Ave

      RESTAURANT • 1,956 SF
      4610 San Juan Ave, Jacksonville, FL 32210-3228
      View Details

    Similar Nearby for Sale

    • $2,500,000
      1.03 Acres

      Prime Jacksonville Retail Investment

      1.03-Acre Multi-Use Retail Property
      1985 Blanding Blvd, Jacksonville, FL 32210
      View Details
    • $1,100,000
      2,218 SF

      Prime Jacksonville QSR Land

      Fast food pad, drive-thru, high traffic area.
      4585 San Juan Ave, Jacksonville, FL 32210
      View Details
    • Contact for pricing
      975 SF

      Former Dairy Drive-Through Opportunity

      Iconic structure suitable for drive-through or deliveries.
      4701 Shirley Ave, Jacksonville, FL 32210
      View Details
    • Contact for pricing
      6,097 SF

      Prime Commercial Property on Blanding Blvd

      6,097 SF building on 1.42 acres with ample parking.
      4578 Blanding Blvd, Jacksonville, FL 32210
      View Details
    • $1,100,000
      2,218 SF

      Former Restaurant with Drive-Thru

      2,218 SF former fast food restaurant with drive-thru.
      4585 San Juan 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

    Similar Nearby for Lease

    • Contact for pricing
      76,400 SF

      Hillman Square Shopping Center

      Jacksonville Retail Center: High Traffic, 3 Spaces Available
      7900 103Rd St, Jacksonville, FL 32210
      View Details
    • $1,900 /Mo
      800 SF

      Avondale Commercial Space For Rent

      Updated commercial space suitable for office, restaurant, or retail use.
      4178 Herschel St, Jacksonville, FL 32210
      View Details
    • Contact for pricing
      8,400 SF

      San Juan Outparcels: Prime Retail/Office

      Two buildings, flexible space, high traffic.
      1960 Blanding Blvd, Jacksonville, FL 32210
      View Details
    • $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
    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.
    1965 Ln S Ave
    Jacksonville, FL 32210-2741
    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.