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

    318 Newnan St Jacksonville, FL 32202-3216

    • Residential income homes
    • 4,800 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4138286
    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

    • Residential income homes

    Property Details for 318 Newnan St

    Year built
    1904
    Construction
    WOOD
    Lot size
    0.08 lot acres
    Property size
    4,800 SF
    Zone code
    CCBD
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    073569-0000
    APU
    735690000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $330,000
      Market price range: $331k - $1.31M
      AI Estimate
      $245,000
      Market price range: $246k - $559k

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6551
    Latitude
    30.3284
    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
    $5,519
    $91,875
    $197,018
    $288,893
    -
    $91,875
    $197,018
    $288,893

    Comparable in this City

    • Value Estimation
      $270,000
      10,647 SF

      129 Market St

      BOARDING/ROOMING HOUSE • 10,647 SF
      129 Market St, Jacksonville, FL 32202-2804
      View Details
    • Value Estimation
      $465,000
      24,349 SF

      600 Washington St

      BOARDING/ROOMING HOUSE • 24,349 SF
      600 Washington St, Jacksonville, FL 32202-2779
      View Details
    • Value Estimation
      $275,000
      4,056 SF

      222 Duval St

      BOARDING/ROOMING HOUSE • 4,056 SF
      222 Duval St, Jacksonville, FL 32202-3206
      View Details
    • Value Estimation
      $120,000
      6,720 SF

      425 Church St

      APARTMENT HOUSE (5+ UNITS) • 6,720 SF
      425 Church St, Jacksonville, FL 32202-2756
      View Details
    • Value Estimation
      $435,000
      4,041 SF

      417 Liberty St

      APARTMENT HOUSE (5+ UNITS) • 4,041 SF
      417 Liberty St, Jacksonville, FL 32202-2797
      View Details
    • Value Estimation by Request

      421 Washington St

      Land
      421 Washington St, Jacksonville, FL 32202
      View Details

    Similar Nearby for Sale

    • $219,900
      0.07 Acres

      Downtown Jacksonville Vacant Commercial Lot

      Vacant commercial lot in Jacksonville's Central Business District.
      624 W Duval St, Jacksonville, FL 32202
      View Details
    • $730,000
      3,667 SF

      Downtown Jacksonville Office Building

      Historic 2-Story Office, 3,667 SF
      332 Adams St, Jacksonville, FL 32202
      View Details
    • $2,600,000
      19,518 SF

      Versatile Warehouse/Distribution Building For Sale

      19,518 SF building ideal for industrial, warehouse, or distribution.
      503 Parker St, Jacksonville, FL 32202
      View Details
    • $249,000

      Corner Lot in Cathedral District

      Corner lot near Pearl St and Sports & Entertainment District.
      421 N Washington St, Jacksonville, FL 32202
      View Details
    • $3,900,000

      Event Parking Near Soccer Stadium

      Valuable property near upcoming soccer stadium, currently used for event parking.
      955 Albert St, Jacksonville, FL 32202
      View Details
    • $695,000
      4,516 SF

      Jacksonville Office Building: Prime Investment

      Historic Jacksonville Office, Vacant, High Potential
      438 Monroe St, Jacksonville, FL 32202
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      15,400 SF

      Bank of America Tower Suites

      Prime Jacksonville Office Space: Flexible Options
      50 Laura St 2500, Jacksonville, FL 32202
      View Details
    • Contact for pricing
      6,945 SF

      Furnished Rooftop Restaurant Space

      Fully furnished and equipped rooftop restaurant space with city views.
      100 W Bay St, Jacksonville, FL 32202
      View Details
    • Contact for pricing
      543 SF

      Downtown Jacksonville Retail Space Available

      Retail space in Downtown Jacksonville's central business district.
      200 W Forsyth St, Jacksonville, FL 32202
      View Details
    • Contact for pricing
      5,500 SF

      Turn-Key Bar/Brewery Space Available

      Fully renovated bar/brewery with outdoor patio for rent.
      1740 N Main St, Jacksonville, FL 32202
      View Details
    • Contact for pricing

      Land For Lease Jacksonville

      Land available for lease in Jacksonville, Florida.
      Beaver St, Jacksonville, FL 32202
      View Details
    • Contact for pricing
      12,770 SF

      Turn-Key Bar/Brewery Space Available

      Fully renovated bar/brewery with outdoor patio in Jacksonville, FL.
      1730 N Main St, Jacksonville, FL 32202
      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.
    318 Newnan St
    Jacksonville, FL 32202-3216
    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.