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    2839 County Rd 210th W Jacksonville, FL 32259-2016
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    Property profile & analytics

    2839 County Rd 210th W, Jacksonville, FL 32259-2016

    View on Map
    • Drug stores
    • 16,051 SF
    • 1.88 lot acres
    Off-Market
    Last Sale Oct 2, 2023
    $6,374,900
    Property ID
    US18-5133822
    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.
    Value Estimations
    $4,630,000
    Show details
    Cap Rate Potential
    2.7%
    Drug stores
    Location Intelligence

    Current Use by Public Records

    • Blue Rhino Propane Exchange / Propane Supplier
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • LibertyX Bitcoin ATM / Atm
    • FedEx OnSite / Postal Service / Courier Service
    • Walgreens Photo / (Bike/Boat/Book/etc) Store

    Property Details for 2839 County Rd 210th W

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.88 lot acres
    Zone code
    PUD
    Property type
    Drug stores
    APN
    026430 0270
    APU
    264300270

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 20, 2023 — Medical Landmark I — Deed · related $2.8M · Nbkc Bank
    Oct 2, 2023 $6,374,900 Medical Landmark I Walgreen Co Special Warranty Deed —
    Oct 2, 2023 $5,140,100 Walgreen Co Jpmorgan Chase Bank NA Deed —
    May 8, 2013 $5,725,000 Ferrando,louise 1999 Trust Zamindari R/e Inv One LLC Grant Deed —
    Dec 19, 2008 $4,923,100 Zamindari R/e Inv One LLC Regency Realty Group INC Grant Deed $3.2M · Regency Centers LP
    — — Zamindari R/e Inv One LLC — Deed Of Trust · related $3.2M · Mark One Capital INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,025,000
      6.5%
      $2,790,000
      7%
      $2,590,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,643,000
      Market price range: $1.28M - $4.92M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,905,000
      Current use
      COMMERCIAL (GENERAL)
      $4,050,000
      Change: +39% Conversion: Easy
      MEDICAL BUILDING
      $3,665,000
      Change: +26% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,425,000
      Change: +18% Conversion: Difficult
      OFFICE BUILDING
      $3,115,000
      Change: +7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    St. Johns
    State
    Florida
    Longitude
    -81.531
    Latitude
    30.0591
    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
    $28,114
    $0.00
    $0.00
    $2,395,605
    -
    $1,225,560
    $1,170,045
    $2,395,605

    Comparable in this City

    • Value Estimation
      $2,350,000
      13,811 SF

      430 State Rd 13th N

      DRUG STORE, PHARMACY
      430 State Rd 13th N, Saint Johns, FL 32259-2835
      View Details
    • Value Estimation
      $2,855,000
      17,628 SF

      120 Saint Johns Cmns Rd

      DRUG STORE, PHARMACY
      120 Saint Johns Cmns Rd, Saint Johns, FL 32259-4057
      View Details
    • Value Estimation
      $3,250,000
      16,196 SF

      2680 Race Trak Rd

      DRUG STORE, PHARMACY
      2680 Race Trak Rd, Saint Johns, FL 32259-6278
      View Details
    • Value Estimation
      $3,245,000
      15,791 SF

      390 State Rd 13th N

      DRUG STORE, PHARMACY
      390 State Rd 13th N, Saint Johns, FL 32259-2837
      View Details
    • Value Estimation
      $2,915,000
      15,868 SF

      105 Julington Plz Dr

      DRUG STORE, PHARMACY
      105 Julington Plz Dr, Saint Johns, FL 32259-6218
      View Details
    • Value Estimation
      $1,820,000
      9,542 SF

      101 Bartram Oaks Walk

      FINANCIAL BUILDING
      101 Bartram Oaks Walk, Saint Johns, FL 32259-3232
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,432 SF

      JPMorgan Chase Bank Ground Lease

      New NNN ground lease with a strong tenant.
      604 County Road 210 West, Saint Johns, FL 32259
      View Details
    • Contact for pricing
      3,700 SF

      Zaxby's Ground Lease Opportunity

      New 20-year NNN ground lease with Zaxby's.
      35 Little Cypress Dr, Saint Johns, FL 32259
      View Details
    • Contact for pricing
      6,254 SF

      Restaurant Investment Opportunity in Nocatee

      Single-tenant restaurant property in high-traffic Nocatee location.
      140 Cypress Edge Dr, Saint Johns, FL 32259
      View Details
    • $5,700,000
      15.31 Acres

      Waterfront Land in St. Johns

      Rare 15.31-acre property with three waterfront parcels in St. Johns.
      620 Swiss Ln, Saint Johns, FL 32259
      View Details
    • $214,900
      0.52 Acres

      Waterfront Lot in St. Johns

      Build-ready waterfront lot in a desirable St. Johns neighborhood.
      256 Village Green Ave, Saint Johns, FL 32259
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,306 SF

      Retail Space in Durbin Park

      Retail space available within a large shopping center development.
      70-120 Durbin Pavilion Dr, Saint Johns, FL 32259
      View Details
    • $22 SF/Yr

      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
      1,866 SF

      Retail Space in Durbin Park

      Retail space available within a 700,000 SF development.
      550 Durbin Pavilion Dr, Saint Johns, FL 32259
      View Details
    • Contact for pricing
      1,420 SF

      Retail Space in Durbin Park

      Retail space available within a 700,000 SF St. Johns development.
      935 Durbin Pavilion Dr, Saint Johns, FL 32259
      View Details
    • Contact for pricing
      1,526 SF

      Retail/Medical Space on Racetrack Road

      Retail and medical space available in master-planned mixed-use development.
      175 Rainier Ln, Saint Johns, FL 32259
      View Details
    • Contact for pricing
      2,684 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
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    Jacksonville, FL 32259-2016
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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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