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

    2771 Mayport Rd Jacksonville, FL 32233

    • Strip malls
    • 4,210 SF
    • 1.01 lot acres
    For Lease
    View listing
    Last Sale
    Jan 18, 2022
    $919,286
    Value Estimations
    $875,000
    Cap Rate Potential
    8.1%
    Strip malls
    Location Intelligence
    Property ID
    US18-9463680
    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

    • The base smoke shops and wine / Tobacco Shop / Smoke Shop

    Property Details for 2771 Mayport Rd

    Year built
    1966
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.01 lot acres
    Property size
    4,210 SF
    Zone code
    CCG-2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    168366-0200
    APU
    1683660200

    Description

    This exceptional retail opportunity is located at 2771 Mayport Rd, Jacksonville, FL 32233, within the Reef Retail Shopping Plaza - North. The single-story building, totaling 11,458 square feet, underwent a complete renovation in 2022, boasting a modern façade, new roof, and updated landscaping. Currently, 10,204 square feet of space is available, divisible to a minimum of 1,000 square feet and with a maximum contiguous space of 6,120 square feet. The property is zoned CCG-2 and situated in Duval County, offering excellent visibility at a signalized intersection along Mayport Road (A1A) in the Atlantic Beach community. Ample parking is provided with 63 spaces. Ideal for retail, medical, or office tenants seeking a high-traffic location in a thriving coastal area. The property's recent renovation ensures modern amenities and a fresh, appealing aesthetic for businesses. This is a unique chance to establish a presence in a desirable and rapidly developing beachfront community. The property's location offers easy access for customers and employees alike.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $770,000
      ML approach
      $795,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,045,000
      6.5%
      $965,000
      7%
      $895,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $997,000
      Market price range: $320k - $1.11M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $675,000
      Current use
      COMMERCIAL (GENERAL)
      $1,060,000
      Change: +57% Conversion: Easy
      MEDICAL BUILDING
      $960,000
      Change: +42% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $900,000
      Change: +33% Conversion: Difficult
      OFFICE BUILDING
      $815,000
      Change: +21% Conversion: Moderate
      RETAIL STORES
      $760,000
      Change: +13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.4112
    Latitude
    30.3654
    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
    $923,480
    $341,658
    $1,265,138
    -
    $923,480
    $341,658
    $1,265,138

    Comparable in this City

    • Value Estimation
      $245,000
      7,340 SF

      299 Atlantic Blvd

      SHOPPING CENTER, STRIP CENTER • 7,340 SF
      299 Atlantic Blvd, Atlantic Beach, FL 32233-5239
      View Details
    • Value Estimation
      $250,000
      4,668 SF

      31 Royal Palms Dr

      SHOPPING CENTER, STRIP CENTER • 4,668 SF
      31 Royal Palms Dr, Atlantic Beach, FL 32233-3915
      View Details
    • Value Estimation
      $405,000
      12,238 SF

      1221 Mayport Rd

      SHOPPING CENTER, STRIP CENTER • 12,238 SF
      1221 Mayport Rd, Atlantic Beach, FL 32233-3435
      View Details
    • Value Estimation
      $320,000
      8,280 SF

      1487 Mayport Rd

      SHOPPING CENTER, STRIP CENTER • 8,280 SF
      1487 Mayport Rd, Atlantic Beach, FL 32233-3415
      View Details
    • Value Estimation
      $170,000
      2,302 SF

      18 Seminole Rd

      SHOPPING CENTER, STRIP CENTER • 2,302 SF
      18 Seminole Rd, Atlantic Beach, FL 32233-4139
      View Details
    • Value Estimation
      $330,000
      9,055 SF

      2158 Mayport Rd

      SHOPPING CENTER, STRIP CENTER • 9,055 SF
      2158 Mayport Rd, Jacksonville, FL 32233-2761
      View Details

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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
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      Retail Space Near Naval Air

      Retail property located near Mayport Naval Air Station.
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      109,687 SF

      Atlantic Village Retail Center

      Prime Duval County Retail Space Available
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      Retail Space in Beaches Town

      Retail spaces available in pedestrian-friendly Beaches Town Center.
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    • $25 SF/Yr
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      Retail Space on Mayport Road

      Retail space available in busy shopping center near NS Mayport.
      2440 Mayport Rd, Jacksonville, FL 32233
      View Details
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    2771 Mayport Rd
    Jacksonville, FL 32233
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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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