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    Property profile & analytics

    2 Macclenny Ave Macclenny, FL 32063-2118

    • Retail space
    • 4,394 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Oct 30, 2020
    $550,000
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    8.1%
    Retail space
    Location Intelligence
    Property ID
    US18-4778478
    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

    • The Beauty Parlor / Hair Salon / Boutique
    • AK Aesthetics and more LLC / Waxing Hair Removal Service
    • Skin Loft / Skin Care Clinic

    Property Details for 2 Macclenny Ave

    Year built
    1940
    Lot size
    0.16 lot acres
    Property size
    4,394 SF
    Property type
    Retail space
    APN
    32-2S-22-0049-0038-0020
    APU
    322S22004900380020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $615,000
      ML approach
      $535,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $830,000
      6.5%
      $765,000
      7%
      $710,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $410,000
      Current use
      COMMERCIAL (GENERAL)
      $935,000
      Change: +128% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $745,000
      Change: +82% Conversion: Moderate
      OFFICE BUILDING
      $625,000
      Change: +53% Conversion: Easy
      WAREHOUSE, STORAGE
      $415,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Macclenny
    County
    Baker
    State
    Florida
    Longitude
    -82.122
    Latitude
    30.2822
    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
    $2,657
    $23,800
    $128,810
    $152,610
    -
    $23,800
    $128,810
    $152,610

    Comparable in this City

    • Value Estimation by Request
      6,445 SF

      32 5th St

      RETAIL STORES (PERSONAL SERVICES) • 6,445 SF
      32 5th St, Macclenny, FL 32063-2302
      View Details
    • Value Estimation
      $950,000
      9,376 SF

      11750 6th St

      RETAIL STORES (PERSONAL SERVICES) • 9,376 SF
      11750 6th St, Macclenny, FL 32063-2083
      View Details
    • Value Estimation
      $530,000
      5,200 SF

      791 6th St

      RETAIL STORES (PERSONAL SERVICES) • 5,200 SF
      791 6th St, Macclenny, FL 32063-9653
      View Details
    • Value Estimation by Request
      1,200 SF

      522 Macclenny Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      522 Macclenny Ave, Macclenny, FL 32063-2220
      View Details
    • Value Estimation by Request
      3,000 SF

      39 Mciver Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      39 Mciver Ave, Macclenny, FL 32063-2329
      View Details
    • Value Estimation by Request
      694 SF

      104 College St

      RETAIL STORES (PERSONAL SERVICES) • 694 SF
      104 College St, Macclenny, FL 32063-2441
      View Details

    Similar Nearby for Sale

    • $450,000

      Macclenny Commercial Building For Sale

      Commercial building on a busy road in Macclenny, Florida.
      363 W Macclenny Ave, Macclenny, FL 32063
      View Details
    • $449,500
      1.85 Acres

      Macclenny Commercial Land - I-10 Access

      1.85 Acres, High Traffic, Enterprise Corridor
      228 Macclenny Ave, Macclenny, FL 32063
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    • $500,000

      Macclenny Avenue Commercial Land

      Florida Mixed-Use Property, $500,000
      851 Macclenny Ave, Macclenny, FL 32063
      View Details
    • $199,950

      Macclenny Building Lot Opportunity

      Building lot with dual access points in Macclenny, Florida.
      State Road 228, Macclenny, FL 32063
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    • $1,936,000

      Macclenny Multifamily Investment Opportunity

      High-yield apartment complex, prime location.
      5464 George Hodges Rd, Macclenny, FL 32063
      View Details
    • $1,900,000
      3.00 Acres

      Macclenny, FL Commercial Land

      3-acre commercial land zoned for diverse uses in Macclenny, FL.
      9536 Sr 228, Macclenny, FL 32063
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      930 SF

      Retail Space in Cornerstone Square

      Retail space for lease in busy Macclenny shopping center.
      1160-1386 S 6Th St, Macclenny, FL 32063
      View Details
    • $12 SF/Yr
      1,000 SF

      Macclenny Retail Opportunity For Rent

      Second generation retail spaces available in Macclenny, Florida.
      1452-1484 S 6Th St, Macclenny, FL 32063
      View Details
    • $1,159 /Mo

      Macclenny Commercial Space For Rent

      High-visibility commercial space ideal for retail, office, or service businesses.
      1195 6Th St, Macclenny, FL 32063
      View Details
    • $1,500 /Mo

      Retail Space with Seating Available

      Former bakery space for lease, suitable for food-related businesses.
      1 W Macclenny Ave, Macclenny, FL 32063
      View Details
    • $1,500 /Mo

      Former Bakery Space For Lease

      Bakery space for lease with indoor seating and high visibility.
      1 W Macclenny Ave, Macclenny, FL 32063
      View Details
    • $6,900 /Mo

      Downtown Macclenny Two-Story Building

      Two-story building in downtown Macclenny, approximately 7,000 square feet.
      233 E Macclenny Ave, Macclenny, FL 32063
      View Details
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    Macclenny, FL 32063-2118
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    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
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