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    Property profile & analytics

    3000 Dunn Ave Jacksonville, FL 32218

    • Community centers
    • 15,750 SF
    • 30.81 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5529384
    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

    • ASAP Total Dental Care / Dental Office
    • ebony fashion (walrus oxford) / Big Box & Wholesale Store
    • Shear Finesse / Hair Salon / Nail Salon
    • Top Ten Nails / Nail Salon
    • Events at Suite Sixty Five / Hotel & Motel / Resort

    Property Details for 3000 Dunn Ave

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    30.81 lot acres
    Property size
    15,750 SF
    Zone code
    CCG-1
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    020160-1000
    APU
    201601000

    Description

    This exceptional retail property, located at 3000 Dunn Ave in Jacksonville, Florida (Duval County, zip code 32218), offers a significant investment opportunity. The 219,733 square foot shopping center boasts a total of 24 suites, providing flexibility for a variety of retail tenants. Currently, there is 70,000 square feet of vacant space available, presenting a unique chance to establish a strong presence in a thriving market. The property allows for leases as small as 1,000 square feet, ideal for smaller businesses, while also accommodating larger tenants with contiguous spaces up to 70,000 square feet. This makes it suitable for a diverse range of retail concepts, from individual boutiques to larger anchor stores. The property's multiple tenancy structure ensures a vibrant and dynamic atmosphere, attracting a broad customer base. Its strategic location in Jacksonville, Florida, provides excellent visibility and accessibility, making it an attractive destination for shoppers. The property is classified as a commercial, leasehold shopping center. This prime retail space offers a compelling opportunity for growth and profitability in a dynamic market. Serious inquiries are encouraged to explore this exceptional investment opportunity further. Contact us today to learn more about lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,530,000
      Current use
      COMMERCIAL (GENERAL)
      $3,975,000
      Change: +57% Conversion: Easy
      MEDICAL BUILDING
      $3,600,000
      Change: +42% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,360,000
      Change: +33% Conversion: Difficult
      RETAIL STORES
      $2,850,000
      Change: +13% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,600,000
      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
    -81.6996
    Latitude
    30.4363
    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
    $171,646
    $3,497,567
    $7,507,233
    $11,004,800
    -
    $3,497,567
    $7,507,233
    $11,004,800

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      1403 Dunn Ave Ste, Unit 1

      MINI-MALL • 3,000 SF
      1403 Dunn Ave Ste, Jacksonville, FL 32218-4870
      View Details
    • Value Estimation
      $695,000
      4,200 SF

      731 Duval Sta Rd Ste, Unit 101

      MINI-MALL • 4,200 SF
      731 Duval Sta Rd Ste, Jacksonville, FL 32218-0801
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    • Value Estimation
      $1,185,000
      5,120 SF

      14964 Max Leggett Pkwy

      MINI-MALL • 5,120 SF
      14964 Max Leggett Pkwy, Jacksonville, FL 32218-7271
      View Details
    • Value Estimation
      $4,815,000
      7,200 SF

      10690 Lem Turner Rd

      MINI-MALL • 7,200 SF
      10690 Lem Turner Rd, Jacksonville, FL 32218
      View Details
    • Value Estimation
      $2,125,000
      14,000 SF

      902 Dunn Ave, Unit 1-18

      MINI-MALL • 14,000 SF
      902 Dunn Ave, Jacksonville, FL 32218-4993
      View Details
    • Value Estimation
      $1,020,000
      6,200 SF

      1680 Dunn Ave Ste, Unit 22

      SHOPPING CENTER, STRIP CENTER • 6,200 SF
      1680 Dunn Ave Ste, Jacksonville, FL 32218-4788
      View Details

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    Jacksonville, FL 32218
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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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