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

    2294 Mayport Rd Ste, Unit 18 Jacksonville, FL 32233-6336

    • Strip malls
    • 8,000 SF
    • 5.96 lot acres
    OFF-MARKET
    Value Estimations
    $1,370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2988078
    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

    • Strip malls

    Property Details for 2294 Mayport Rd Ste

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.96 lot acres
    Property size
    8,000 SF
    Zone code
    CCG-1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    169404-0600
    APU
    1694040600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $960,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,985,000
      6.5%
      $1,835,000
      7%
      $1,705,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,285,000
      Current use
      COMMERCIAL (GENERAL)
      $2,020,000
      Change: +57% Conversion: Easy
      MEDICAL BUILDING
      $1,830,000
      Change: +42% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,705,000
      Change: +33% Conversion: Difficult
      OFFICE BUILDING
      $1,555,000
      Change: +21% Conversion: Moderate
      RETAIL STORES
      $1,450,000
      Change: +13% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,320,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.4141
    Latitude
    30.3501
    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
    $0.00
    $3,493,510
    $4,237,790
    $7,731,300
    -
    $3,493,510
    $4,237,790
    $7,731,300

    Comparable in this City

    • Value Estimation
      $935,000
      9,055 SF

      2158 Mayport Rd

      SHOPPING CENTER, STRIP CENTER • 9,055 SF
      2158 Mayport Rd, Jacksonville, FL 32233-2761
      View Details
    • Value Estimation
      $1,120,000
      7,395 SF

      2440 Mayport Rd

      SHOPPING CENTER, STRIP CENTER • 7,395 SF
      2440 Mayport Rd, Jacksonville, FL 32233-2895
      View Details
    • Value Estimation
      $505,000
      10,560 SF

      1079 Atlantic Blvd

      SHOPPING CENTER, STRIP CENTER • 10,560 SF
      1079 Atlantic Blvd, Atlantic Beach, FL 32233-3375
      View Details
    • Value Estimation
      $1,920,000
      13,100 SF

      363 Atlantic Blvd Ste, Unit 2

      SHOPPING CENTER, STRIP CENTER • 13,100 SF
      363 Atlantic Blvd Ste, Atlantic Beach, FL 32233-5283
      View Details
    • Value Estimation by Request
      3,684 SF

      695 Atlantic Blvd

      SHOPPING CENTER, STRIP CENTER • 3,684 SF
      695 Atlantic Blvd, Atlantic Beach, FL 32233-4025
      View Details
    • Value Estimation
      $1,580,000
      15,000 SF

      469 Atlantic Blvd

      SHOPPING CENTER, STRIP CENTER • 15,000 SF
      469 Atlantic Blvd, Atlantic Beach, FL 32233-4026
      View Details

    Similar Nearby for Sale

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      1,394 SF

      New Popeyes Restaurant For Sale

      New 20-year Popeyes lease in a high-traffic location.
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      Atlantic Beach Commercial Building For Sale

      Commercial building with open floor plan in prime Atlantic Beach location.
      1887 Mayport Rd, Atlantic Beach, FL 32233
      View Details
    • $185,000

      Atlantic Beach Commercial Land

      Prime 10,000+ SF lot, ideal mixed-use.
      0 Gladiola St, Atlantic Beach, FL 32233
      View Details
    • $149,900
      0.28 Acres

      Atlantic Beach Corner Lot

      Spacious corner lot in Atlantic Beach, close to the beach.
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    Similar Nearby for Lease

    • $14 SF/Yr
      15,300 SF

      Retail Center Near Mayport Naval

      Retail suites for lease near Naval Station Mayport and Mayport Village.
      2550 Mayport Rd, Atlantic Beach, FL 32233
      View Details
    • Contact for pricing
      800 SF

      Retail Space Near Naval Air

      Retail space located near Mayport Naval Air Station.
      2292 Mayport Rd, Jacksonville, FL 32233
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space Near Naval Air

      Retail property located near Mayport Naval Air Station.
      2294 Mayport Rd, Jacksonville, FL 32233
      View Details
    • Contact for pricing
      109,687 SF

      Atlantic Village Retail Center

      Prime Duval County Retail Space Available
      953-990 Atlantic Blvd, Atlantic Beach, FL 32233
      View Details
    • $25 SF/Yr
      495 SF

      Retail Space on Mayport Road

      Retail space available in busy shopping center near NS Mayport.
      2440 Mayport Rd, Jacksonville, FL 32233
      View Details
    • Contact for pricing
      3,220 SF

      Springfield Mixed-Use Development Restaurant Space

      Restaurant space in mixed-use development, Springfield neighborhood, Jacksonville, FL.
      1148 N Main St, Jacksonville, FL 32233
      View Details
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    2294 Mayport Rd Ste, Unit 18
    Jacksonville, FL 32233-6336
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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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