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    Property profile & analytics

    23 University N Blvd Jacksonville, FL 32211-7550

    • Strip malls
    • 22,961 SF
    • 3.10 lot acres
    OFF-MARKET
    Value Estimations
    $3,300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3267816
    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

    • High Achievers Barbershop / Barber Shop
    • Pottsburg Plaza Shopping Center / Shopping Mall

    Property Details for 23 University N Blvd

    Year built
    1953
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.10 lot acres
    Property size
    22,961 SF
    Zone code
    CCG-1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    134197-0000
    APU
    1341970000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,685,000
      Current use
      MEDICAL BUILDING
      $5,245,000
      Change: +42% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,895,000
      Change: +33% Conversion: Difficult
      RETAIL STORES
      $4,155,000
      Change: +13% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,790,000
      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
    -81.5987
    Latitude
    30.3147
    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
    $1,024,528
    $3,480,072
    $4,504,600
    -
    $1,024,528
    $3,480,072
    $4,504,600

    Comparable in this City

    • Value Estimation
      $2,060,000
      21,032 SF

      1531 Cesery Blvd

      SHOPPING CENTER, STRIP CENTER • 21,032 SF
      1531 Cesery Blvd, Jacksonville, FL 32211-5329
      View Details
    • Value Estimation
      $2,840,000
      20,930 SF

      1407 University N Blvd

      SHOPPING CENTER, STRIP CENTER • 20,930 SF
      1407 University N Blvd, Jacksonville, FL 32211-5249
      View Details
    • Value Estimation by Request
      1,320 SF

      1320 University N Blvd

      SHOPPING CENTER, STRIP CENTER • 1,320 SF
      1320 University N Blvd, Jacksonville, FL 32211-5226
      View Details
    • Value Estimation
      $920,000
      8,676 SF

      619 University N Blvd

      SHOPPING CENTER, STRIP CENTER • 8,676 SF
      619 University N Blvd, Jacksonville, FL 32211-7037
      View Details
    • Value Estimation
      $10,920,000
      94,706 SF

      926 Arlington N Rd

      SHOPPING CENTER, STRIP CENTER • 94,706 SF
      926 Arlington N Rd, Jacksonville, FL 32211-5956
      View Details
    • Value Estimation
      $1,020,000
      7,386 SF

      5606 Windermere Dr

      SHOPPING CENTER, STRIP CENTER • 7,386 SF
      5606 Windermere Dr, Jacksonville, FL 32211-5311
      View Details

    Similar Nearby for Sale

    • $1,800,000
      6,628 SF

      Prime Corner Retail Opportunity

      Commercial property on 1.65 acres, high visibility, corner location.
      930 University Blvd N, Jacksonville, FL 32211
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    • $1,800,000

      Commercial Land Near Winn Dixie

      1.65 acre commercial land with high visibility and traffic.
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    • $650,000
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      Retail Property on Arlington Road

      Retail property for sale on Arlington Road, Jacksonville, FL.
      5749 Arlington Rd, Jacksonville, FL 32211
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    • $480,000

      Renovated Warehouse with Office Space

      Versatile commercial property with office and work bays.
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    • $165,000

      Move-in Ready Commercial Building

      Stand-alone building with updates in high-traffic area.
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    • $875,000
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      High-visibility commercial property with redevelopment potential along Arlington Expressway.
      6200 Arlington Expy, Jacksonville, FL 32211
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    Similar Nearby for Lease

    • $18 SF/Yr
      10,737 SF

      Jacksonville Retail Space For Lease

      Multi-tenant shopping center with redesign and improvement plans.
      845-999 University Blvd N, Jacksonville, FL 32211
      View Details
    • Contact for pricing
      3,557 SF

      Retail Space in Open-Air Center

      Retail space available in a repainted open-air shopping center.
      1520-1670 University Blvd W, Jacksonville, FL 32211
      View Details
    • $22 SF/Yr
      188,880 SF

      College Park Shopping Center Investment

      Prime Arlington Retail Space Available
      903 University Blvd, Jacksonville, FL 32211
      View Details
    • Contact for pricing
      2,991 SF

      Freestanding Retail Building For Lease

      2,991 SF freestanding retail building with high traffic count.
      1030 University Blvd N, Jacksonville, FL 32211
      View Details
    • $3,000 /Mo
      782 SF

      Jacksonville Commercial Property For Rent

      Commercial property on Atlantic Blvd, ideal for retail or office.
      7328 Atlantic Blvd, Jacksonville, FL 32211
      View Details
    • Contact for pricing
      14,166 SF

      Retail Building on Atlantic Blvd

      Freestanding retail building with high traffic exposure and ample parking.
      9100 Atlantic Blvd, Jacksonville, FL 32211
      View Details
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    23 University N Blvd
    Jacksonville, FL 32211-7550
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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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