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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2255 Edgewood Ave N Jacksonville, FL 32209

    • Retail space
    • 10,527 SF
    • 1.99 lot acres
    For Lease
    View listing
    Last Sale
    Jul 18, 2022
    $3,000,000
    Value Estimations
    $2,610,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0731854
    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

    • Western Union / Money Transfer Service
    • Dollar General / Seasonal Goods Store / Variety Store

    Property Details for 2255 Edgewood Ave N

    Year built
    2022
    Construction
    STEEL FRAME
    Lot size
    1.99 lot acres
    Property size
    10,527 SF
    Zone code
    IL
    Property type
    Retail space
    APN
    088299-0035
    APU
    882990035

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,515,000
      ML approach
      $2,495,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,985,000
      6.5%
      $1,830,000
      7%
      $1,700,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,228,000
      Market price range: $842k - $3.23M
      AI Estimate
      $2,203,000
      Market price range: $499k - $2.20M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,905,000
      Current use
      COMMERCIAL (GENERAL)
      $2,655,000
      Change: +39% Conversion: Easy
      OFFICE BUILDING
      $2,435,000
      Change: +28% Conversion: Easy
      MEDICAL BUILDING
      $2,405,000
      Change: +26% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,735,000
      Change: -9% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,690,000
      Change: -11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7305
    Latitude
    30.3515
    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
    $27,156
    $217,800
    $1,253,617
    $1,471,417
    -
    $217,800
    $1,253,617
    $1,471,417

    Comparable in this City

    • Value Estimation by Request
      1,152 SF

      2211 Melson Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,152 SF
      2211 Melson Ave, Jacksonville, FL 32254-1848
      View Details
    • Value Estimation
      $1,535,000
      8,320 SF

      2174 Edgewood N Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,320 SF
      2174 Edgewood N Ave, Jacksonville, FL 32254-1721
      View Details
    • Value Estimation by Request
      864 SF

      5744 Old Kings Rd

      RETAIL STORES (PERSONAL SERVICES) • 864 SF
      5744 Old Kings Rd, Jacksonville, FL 32254-1137
      View Details
    • Value Estimation
      $680,000
      3,575 SF

      821 Edgewood N Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,575 SF
      821 Edgewood N Ave, Jacksonville, FL 32254-3086
      View Details
    • Value Estimation by Request
      504 SF

      264 Mcduff S Ave

      RETAIL STORES (PERSONAL SERVICES) • 504 SF
      264 Mcduff S Ave, Jacksonville, FL 32254-3981
      View Details
    • Value Estimation by Request
      960 SF

      305 Mcduff S Ave

      RETAIL STORES (PERSONAL SERVICES) • 960 SF
      305 Mcduff S Ave, Jacksonville, FL 32254-3956
      View Details

    Similar Nearby for Sale

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      Jacksonville Retail Investment Opportunity

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      Jacksonville Commercial Property on Commonwealth

      Commercial property in high-traffic Jacksonville location, ideal for investors.
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    • $769,000

      Free-Standing Building on Edgewood Ave

      3,179 SF building with parking and laundromat plans.
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    • $130,000
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      Jacksonville Commercial Corner Lot Property

      Corner lot property suitable for residential or commercial use.
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    • $650,000

      Light Industrial Shop For Sale

      Clean, well-maintained 4,500 SF shop suitable for various businesses.
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    • $950,000
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      Versatile Jacksonville Commercial Property

      Thriving event venue with ample parking and endless possibilities.
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    Similar Nearby for Lease

    • $12 SF/Yr
      5,034 SF

      Retail Space in Hyde Park

      Community shopping center in Jacksonville's Riverside Submarket.
      103 Lane Ave S, Jacksonville, FL 32254
      View Details
    • Contact for pricing
      81,467 SF

      Commonwealth Shopping Center: Jacksonville Retail Space

      Prime Jacksonville retail space, multiple units available.
      1020 Edgewood Ave, Jacksonville, FL 32254
      View Details
    • Contact for pricing
      12,268 SF

      Industrial Facility with Drive-Through Bays

      12,268 SF industrial facility with twelve drive-through bays.
      321 Lane Ave N, Jacksonville, FL 32254
      View Details
    • $599,000
      1,952 SF

      Versatile Corner Lot for Lease

      Corner lot with versatile zoning available for lease.
      202 Edgewood Ave S, Jacksonville, FL 32254
      View Details
    • $6 SF/Yr
      74,150 SF

      Westside Warehouse Space Available

      55,000-80,000± SF available with excellent regional connectivity.
      330 Stevens St, Jacksonville, FL 32254
      View Details
    • Contact for pricing
      12,024 SF

      Industrial Land with Office Space

      12.31 acres of industrial land with office/shop space.
      5353 W Beaver St, Jacksonville, FL 32254
      View Details
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    2255 Edgewood Ave N
    Jacksonville, FL 32209
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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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