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

    376 New Berlin Rd Jacksonville, FL 32218-3801

    • Strip malls
    • 12,000 SF
    • 2.71 lot acres
    OFF-MARKET
    Last Sale
    Aug 16, 2022
    $1,750,000
    Value Estimations
    $1,430,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4766068
    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

    • Dr. Daryl E. Smith, DDS / Dentist
    • All-Star Youth Sports / Training Centre / After School Program
    • Ocean Way School-Dance / Dance School
    • Soundwave Music Therapy / Alternative Medicine Practitioner
    • Daniels Tina / Dentist

    Property Details for 376 New Berlin Rd

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.71 lot acres
    Property size
    12,000 SF
    Zone code
    CN
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    106956-0000
    APU
    1069560000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,465,000
      ML approach
      $1,390,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,321,000
      Market price range: $913k - $3.16M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,925,000
      Current use
      RETAIL STORES
      $2,170,000
      Change: +13% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,980,000
      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
    -81.6284
    Latitude
    30.4646
    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
    $27,311
    $451,713
    $1,042,787
    $1,494,500
    -
    $451,713
    $1,042,787
    $1,494,500

    Comparable in this City

    • Value Estimation
      $520,000
      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
    • Value Estimation
      $615,000
      32,444 SF

      1680 Dunn Ave

      SHOPPING CENTER, STRIP CENTER • 32,444 SF
      1680 Dunn Ave, Jacksonville, FL 32218-4782
      View Details
    • Value Estimation
      $625,000
      15,840 SF

      2386 Dunn Ave

      SHOPPING CENTER, STRIP CENTER • 15,840 SF
      2386 Dunn Ave, Jacksonville, FL 32218-4750
      View Details
    • Value Estimation
      $415,000
      4,200 SF

      41 Baisden Rd

      SHOPPING CENTER, STRIP CENTER • 4,200 SF
      41 Baisden Rd, Jacksonville, FL 32218-4153
      View Details
    • Value Estimation
      $460,000
      5,760 SF

      651 Nautica Dr

      SHOPPING CENTER, STRIP CENTER • 5,760 SF
      651 Nautica Dr, Jacksonville, FL 32218-7222
      View Details
    • Value Estimation
      $330,000
      4,790 SF

      842 Dunn Ave

      SHOPPING CENTER, STRIP CENTER • 4,790 SF
      842 Dunn Ave, Jacksonville, FL 32218-5498
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Jacksonville Neighborhood Shopping Plaza

      Neighborhood shopping plaza with high visibility and ample parking.
      10710 Lem Turner Rd, Jacksonville, FL 32218
      View Details
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      Jacksonville Neighborhood Shopping Plaza

      Neighborhood shopping plaza with available units for immediate occupancy.
      10696 Lem Turner Rd, Jacksonville, FL 32218
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    • $799,000
      22,500 SF

      Prime Jacksonville Gas Station

      Sunoco-branded, high-traffic location. Redevelopment potential.
      1052 Dunn Ave, Jacksonville, FL 32218
      View Details
    • $3,160,000
      2,808 SF

      Jacksonville Retail Investment Opportunity

      Freestanding retail building with a long-term lease in place.
      1319 Dunn Ave, Jacksonville, FL 32218
      View Details
    • $4,300,000
      6,434 SF

      Prime Jacksonville Restaurant Space

      6,434 SF Vacant Restaurant, High Traffic
      13070 City Station Dr, Jacksonville, FL 32218
      View Details
    • Contact for pricing
      8.50 Acres

      Prime Jacksonville Retail & Land

      8.5 Acres, 370,081 SF, I-95 Access
      435 Clark Rd, Jacksonville, FL 32218
      View Details

    Similar Nearby for Lease

    • $7,500,000
      4,260 SF

      Retail Space Near Major Hubs

      Retail spaces available near Amazon, Home Depot, and Jacksonville Airport.
      3200 Armsdale Rd, Jacksonville, FL 32218
      View Details
    • Contact for pricing
      41,820 SF

      13249-13275 City Square Dr, Jacksonville, FL

      Shopping centers • 41,820 SF
      13249-13275 City Square Dr, Jacksonville, FL 32218
      View Details
    • $16 SF/Yr
      5,720 SF

      Open-Air Shopping Center on Dunn

      53,262 SF shopping center with high traffic and visibility.
      1403 Dunn Ave, Jacksonville, FL 32218
      View Details
    • Contact for pricing
      1,612 SF

      Jacksonville Retail Space For Lease

      Retail space available in popular Jacksonville open-air shopping center.
      14964 Max Leggett Pkwy, Jacksonville, FL 32218
      View Details
    • Contact for pricing
      2,005 SF

      River City Marketplace Retail Space

      Retail space available in northern Jacksonville's largest shopping complex.
      13141 City Station Dr, Jacksonville, FL 32218
      View Details
    • Contact for pricing
      1,400 SF

      Jacksonville Retail Space For Lease

      Retail space in Publix-anchored center, Jacksonville, FL.
      731 Duval Station Rd, Jacksonville, FL 32218
      View Details
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    376 New Berlin Rd
    Jacksonville, FL 32218-3801
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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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