Property profile

408 8th St Jacksonville, FL 32206

OFF-MARKET
Commercial real estate
Property ID
US18-5072812
14,073 SF 0.66 ac lot Built 1954
Entity Owned 29-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1954
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,073 SF
Lot 0.66 ac (28,924 SF)
Zoning code CCG-S
APN 071536-0000
UPID US18-5072812

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

408 8th St Jacksonville, FL 32206
Jacksonville metro Census 1200 JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.22M
Blend (final) Blend
$340k

Owner & transaction history

since 1996
3 recorded transactions
2023
Price N/A
2022
Price N/A
1996
$250,000

Zoning & alternative use

CCG-S · Jacksonville, FL
Zoning description

All of the permitted and permissible uses by exception in the CCG-S District are subject to the following provisions: (1) Sales, service and display, preparation and storage shall be conducted within a completely enclose…

General category COMMERCIAL
Top alternative use upside
Office building $2.7M +165.2%
Retail stores $2.6M +147.2%
Apartment house (5+ units) $2.3M +125.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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