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

    2754 Race Trak Rd Saint Johns, FL 32259-4231

    • Drive through restaurants
    • 3,259 SF
    • 0.83 lot acres
    OFF-MARKET
    Last Sale
    Sep 22, 2022
    $2,210,600
    Value Estimations
    $2,255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4735204
    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

    • Wendy's / Hamburger Restaurant / Restaurant

    Property Details for 2754 Race Trak Rd

    Year built
    2004
    Construction
    WOOD
    Lot size
    0.83 lot acres
    Property size
    3,259 SF
    Zone code
    PUD
    Property type
    Drive through restaurants
    APN
    249000 9424
    APU
    2490009424

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,975,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,632,000
      Market price range: $725k - $2.63M

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Johns
    County
    St. Johns
    State
    Florida
    Longitude
    -81.5894
    Latitude
    30.1136
    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
    $45,632
    $0.00
    $0.00
    $2,050,100
    -
    $720,760
    $1,329,340
    $2,050,100

    Comparable in this City

    • Value Estimation
      $2,040,000
      3,969 SF

      2850 County Rd 210th W

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,969 SF
      2850 County Rd 210th W, Saint Johns, FL 32259-2015
      View Details
    • Value Estimation
      $1,100,000
      2,136 SF

      230 Bartram Market Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,136 SF
      230 Bartram Market Dr, Saint Johns, FL 32259-4579
      View Details
    • Value Estimation
      $2,265,000
      4,931 SF

      194 State Rd 13th N

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,931 SF
      194 State Rd 13th N, Saint Johns, FL 32259-2841
      View Details
    • Value Estimation
      $3,125,000
      3,619 SF

      495 State Rd 13th N

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,619 SF
      495 State Rd 13th N, Saint Johns, FL 32259-2834
      View Details
    • Value Estimation
      $1,720,000
      3,345 SF

      141 Gtwy Cir

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,345 SF
      141 Gtwy Cir, Saint Johns, FL 32259-4081
      View Details
    • Value Estimation
      $1,310,000
      3,481 SF

      490 State Rd 13th N

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,481 SF
      490 State Rd 13th N, Saint Johns, FL 32259-2835
      View Details

    Similar Nearby for Sale

    • $2,700,000
      14.04 Acres

      14 Acres St. Johns County Land

      Prime Commercial/Residential Land, $2.7M
      0 County Road 210, Jacksonville, FL 32259
      View Details
    • $1,600,000
      6,300 SF

      Prime Assisted Living Facility in NE FL

      14-Bed Assisted Living, High ROI
      1212 Sampson Dr Sampson, Saint Johns, FL 32259
      View Details
    • $600,000
      2.03 Acres

      St. Johns County Land Opportunity

      2.03 acres in St. Johns County, ideal for custom home.
      1476 Fruit Cove Rd N, Jacksonville, FL 32259
      View Details
    • $218,900
      0.52 Acres

      Waterfront Lot in St. Johns

      Build-ready 0.52-acre waterfront lot in Cunningham Creek Plantation.
      256 Village Green Ave, Saint Johns, FL 32259
      View Details
    • $750,000
      3.40 Acres

      St. Johns Riverfront Land

      3.4+ acre lot with 865 feet of river frontage.
      4250 Popolee Road Ext, Saint Johns, FL 32259
      View Details
    • New
      $6,000,000
      15.31 Acres

      Waterfront Land in St. Johns

      15+ acre property with waterfront parcels in St. Johns County.
      620 Swiss Ln, Saint Johns, FL 32259
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Restaurant Space with Drive-Thru

      1,200 SF restaurant space with drive-thru in St. Johns.
      1405 St Johns Pkwy, Saint Johns, FL 32259
      View Details
    • Contact for pricing

      Retail Space and Pad Sites

      Retail spaces and pad sites available in Jacksonville, Florida.
      4560 Race Track Rd, Jacksonville, FL 32259
      View Details
    • Contact for pricing
      515 SF

      Retail Space in Julington Marketplace

      Retail space for lease in a thriving St. Johns market.
      4125 Race Track Rd, Saint Johns, FL 32259
      View Details
    • $22 SF/Yr
      11,690 SF

      Retail and Office Space Available

      Shopping center and office space for rent in Jacksonville, Florida.
      1820 Sr 13, Jacksonville, FL 32259
      View Details
    • Contact for pricing
      17,707 SF

      Shops at Race Track Road

      Prime Retail Space in St. Johns County
      4560 Race Track Rd, Saint Johns, FL 32259
      View Details
    • Contact for pricing

      St Johns Warehouse Space

      Warehouse space available for lease in St Johns, Florida.
      350 Accolade Ave, Saint Johns, FL 32259
      View Details

    Property Visit Statistics

    • Visits by month
      11.8k
    • Visitors by month
      9.1k
    • Avg Time on site
      12 min
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    Saint Johns, FL 32259-4231
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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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