Add Listing
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

    2401 Mayport Rd Atlantic Beach, FL 32233-6368

    • Motels
    • 38,402 SF
    • 2.46 lot acres
    OFF-MARKET
    Last Sale
    Feb 02, 2023
    $12,300,000
    Value Estimations
    $11,340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0470956
    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

    • Motels

    Property Details for 2401 Mayport Rd

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.46 lot acres
    Property size
    38,402 SF
    Zone code
    ACG
    Property type
    Motels
    APN
    169398-0300
    APU
    1693980300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,665,000
      ML approach
      $10,115,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,322,000
      Market price range: $3.92M - $9.32M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $9,685,000
      MEDICAL BUILDING
      $8,775,000
      AUTO REPAIR, GARAGE
      $8,190,000
      OFFICE BUILDING
      $7,455,000
      RETAIL STORES
      $6,950,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlantic Beach
    County
    Duval
    State
    Florida
    Longitude
    -81.4128
    Latitude
    30.3525
    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
    $105,223
    $1,071,260
    $7,894,840
    $8,966,100
    -
    $1,071,260
    $7,894,840
    $8,966,100

    Comparable in this City

    • Value Estimation by Request
      2,002 SF

      425 Atlantic Blvd

      MOTEL • 2,002 SF
      425 Atlantic Blvd, Atlantic Beach, FL 32233-4021
      View Details
    • Value Estimation
      $2,285,000
      30,440 SF

      2389 Mayport Rd

      MOTEL • 30,440 SF
      2389 Mayport Rd, Atlantic Beach, FL 32233-2715
      View Details
    • Value Estimation by Request
      4,425 SF

      28 Sherry Dr

      MOTEL • 4,425 SF
      28 Sherry Dr, Atlantic Beach, FL 32233-5270
      View Details
    • Value Estimation by Request
      31,268 SF

      2073 Mayport Rd

      MOTEL • 31,268 SF
      2073 Mayport Rd, Jacksonville, FL 32233-1923
      View Details
    • Value Estimation
      $48,620,000
      139,893 SF

      1 Ocean Blvd

      HOTEL • 139,893 SF
      1 Ocean Blvd, Atlantic Beach, FL 32233-5262
      View Details
    • Value Estimation by Request
      37,434 SF

      2040 Mayport Rd

      HOTEL • 37,434 SF
      2040 Mayport Rd, Jacksonville, FL 32233-1924
      View Details

    Similar Nearby for Sale

    • $147,900
      0.28 Acres

      Atlantic Beach Corner Lot

      Spacious corner lot in Atlantic Beach, close to the beach.
      Plaza W, Atlantic Beach, FL 32233
      View Details
    • $350,000
      0.43 Acres

      Atlantic Beach Development Opportunity

      Vacant .43 acre lot zoned for residential development.
      W Dutton Island Rd, Atlantic Beach, FL 32233
      View Details
    • $1,300,000

      Atlantic Beach Home Near Parks

      Well-cared for home in vibrant neighborhood near beach and town.
      1963 Colina Ct, Atlantic Beach, FL 32233
      View Details
    • $875,000

      Cleared Land Parcel on Main

      2.02 acre cleared land parcel with development potential.
      Main St, Jacksonville, FL 32233
      View Details
    • New
      $1,700,000
      0.26 Acres

      Atlantic Beach Oversized Wooded Lot

      Rare opportunity to build in desirable Atlantic Beach neighborhood.
      350 4Th St, Atlantic Beach, FL 32233
      View Details
    • New
      $199,000
      0.33 Acres

      Waterfront Lot in Atlantic Beach

      Marsh-front lot with Intracoastal access, no HOA, build your dream.
      1304 Gladiola St, Atlantic Beach, FL 32233
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,700 SF

      Retail Space in Atlantic Beach

      Retail space in a sought-after Atlantic Beach sub-market.
      675 Atlantic Blvd, Atlantic Beach, FL 32233
      View Details
    • Contact for pricing
      11,458 SF

      Reef Retail Plaza: North Space

      Jacksonville Retail Space: Prime Location, High Visibility
      2771 Mayport Rd, Jacksonville, FL 32233
      View Details
    • Contact for pricing
      1,568 SF

      Springfield Retail Space For Rent

      Prime retail space in historic Springfield with high visibility.
      15 E 7Th St, Jacksonville, FL 32233
      View Details
    • Contact for pricing
      1,045 SF

      Retail Space on Atlantic Boulevard

      Retail space available on a major east/west corridor.
      961-1021 Atlantic Blvd, Atlantic Beach, FL 32233
      View Details
    • $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
      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

    Property Visit Statistics

    • Visits by month
      3.4k
    • Visitors by month
      1.1k
    • Avg Time on site
      541 min
    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.
    2401 Mayport Rd
    Atlantic Beach, FL 32233-6368
    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.
    Sign Up Successful!
    You now have access to more from Realmo!