Sign Up Successful!
You now have access to more from Realmo!
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

    3031 Edgewood W Ave Jacksonville, FL 32209-2207

    • Retail space
    • 9,146 SF
    • 1.77 lot acres
    OFF-MARKET
    Value Estimations
    $1,660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3839916
    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

    • Dollar General / Discount Store / Drug Store
    • Western Union / Money Transfer Service

    Property Details for 3031 Edgewood W Ave

    Year built
    2010
    Construction
    STEEL FRAME
    Lot size
    1.77 lot acres
    Property size
    9,146 SF
    Zone code
    CCG-1
    Property type
    Retail space
    APN
    041449-0200
    APU
    414490200

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,725,000
      6.5%
      $1,590,000
      7%
      $1,475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,873,000
      Market price range: $453k - $1.87M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,655,000
      Current use
      COMMERCIAL (GENERAL)
      $2,305,000
      Change: +39% Conversion: Easy
      MEDICAL BUILDING
      $2,090,000
      Change: +26% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,950,000
      Change: +18% Conversion: Difficult
      OFFICE BUILDING
      $1,775,000
      Change: +7% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,510,000
      Change: -9% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,470,000
      Change: -11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.715
    Latitude
    30.3752
    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
    $22,629
    $164,081
    $1,076,919
    $1,241,000
    -
    $164,081
    $1,076,919
    $1,241,000

    Comparable in this City

    • Value Estimation by Request
      1,104 SF

      2410 Beaver St

      RETAIL STORES (PERSONAL SERVICES) • 1,104 SF
      2410 Beaver St, Jacksonville, FL 32209-7409
      View Details
    • Value Estimation by Request
      1,577 SF

      1399 State W St

      RETAIL STORES (PERSONAL SERVICES) • 1,577 SF
      1399 State W St, Jacksonville, FL 32209-7661
      View Details
    • Value Estimation by Request
      762 SF

      1305 33rd St

      RETAIL STORES (PERSONAL SERVICES) • 762 SF
      1305 33rd St, Jacksonville, FL 32209-3202
      View Details
    • Value Estimation
      $575,000
      3,324 SF

      2422 Myrtle Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,324 SF
      2422 Myrtle Ave, Jacksonville, FL 32209-5023
      View Details
    • Value Estimation by Request
      3,400 SF

      2361 Kings Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,400 SF
      2361 Kings Rd, Jacksonville, FL 32209-5863
      View Details
    • Value Estimation by Request
      1,068 SF

      1902 Kings Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,068 SF
      1902 Kings Rd, Jacksonville, FL 32209-5350
      View Details

    Similar Nearby for Sale

    • $1,700,000
      8,320 SF

      Jacksonville Retail Space - Prime Location

      Vacant 8,320 SF Retail Building, High Visibility
      4380 Moncrief Rd, Jacksonville, FL 32209
      View Details
    • $2,493,750
      10,500 SF

      Jacksonville Family Dollar Investment

      High-yield retail storefront in prime location.
      3134 Canal St, Jacksonville, FL 32209
      View Details
    • $850,000
      9,450 SF

      Jacksonville Commercial Site For Sale

      Income-producing commercial building with diverse tenant potential in Jacksonville, FL.
      715 N Mcduff Ave, Jacksonville, FL 32209
      View Details
    • Contact for pricing
      9,090 SF

      Jacksonville Retail Investment Opportunity

      9,090 SF retail building in Jacksonville, Florida for sale.
      1945 Kings Rd, Jacksonville, FL 32209
      View Details
    • $1,950,000
      1,172 SF

      Sunoco Gas Station & Store

      High-yield Jacksonville retail investment.
      1393 Kings Rd, Jacksonville, FL 32209
      View Details
    • $1,700,000
      8,320 SF

      Freestanding Retail Building on Moncrief

      8,320 SF retail building on 2.52-acre lot for sale.
      4380 Moncrief Rd W, Jacksonville, FL 32209
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      74,034 SF

      Edgewood Ave Retail Center

      Jacksonville Strip Mall, High Traffic
      2261 Edgewood Ave, Jacksonville, FL 32209
      View Details
    • $1,400 /Mo
      5,359 SF

      Renovated Commercial Office Suite

      Newly renovated office suite with convenient parking and excellent location.
      5600 New Kings Rd, Jacksonville, FL 32209
      View Details
    • Contact for pricing

      Jacksonville Warehouse Ground Lease

      Prime 2.34-acre fenced warehouse lot.
      0 Walgreen Rd, Jacksonville, FL 32209
      View Details
    • Contact for pricing
      154,800 SF

      Jacksonville Logistics Center Warehouse Space

      Institutional quality warehouse space in Jacksonville's Westside submarket.
      2255 Edgewood Ave N, Jacksonville, FL 32209
      View Details
    • $2,000 /Mo
      18,731 SF

      Fenced Commercial Lot in Jacksonville

      Versatile fenced commercial lot for lease in central Jacksonville.
      45TH W 45Th St W, Jacksonville, FL 32209
      View Details
    • $3,500 /Mo

      Fenced Yard with Modular Office

      Stabilized, fenced, and lighted yard with easy highway access.
      2089 W 26Th St, Jacksonville, FL 32209
      View Details
    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.
    3031 Edgewood W Ave
    Jacksonville, FL 32209-2207
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.