Add Listing
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

    432 2nd S St Jacksonville Beach, FL 32250-6764

    • Apartment buildings
    • 1,692 SF
    • 0.22 lot acres
    OFF-MARKET
    Last Sale
    Apr 18, 2024
    $255,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0635604
    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

    • Apartment buildings

    Property Details for 432 2nd S St

    Year built
    1942
    Construction
    WOOD
    Lot size
    0.22 lot acres
    Property size
    1,692 SF
    Zone code
    JC-1
    Property type
    Apartment buildings
    APN
    175891-0000
    APU
    1758910000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville Beach
    County
    Duval
    State
    Florida
    Longitude
    -81.39
    Latitude
    30.2838
    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
    $0.00
    $426,735
    $403,425
    $830,160
    -
    $426,735
    $403,425
    $830,160

    Comparable in this City

    • Value Estimation by Request
      4,320 SF

      401 2nd S St

      APARTMENT HOUSE (5+ UNITS) • 4,320 SF
      401 2nd S St, Jacksonville Beach, FL 32250-6714
      View Details
    • Value Estimation by Request
      4,420 SF

      810 2nd N St

      APARTMENT HOUSE (5+ UNITS) • 4,420 SF
      810 2nd N St, Jacksonville Beach, FL 32250-7180
      View Details
    • Value Estimation by Request
      6,254 SF

      118 1st S Ave

      APARTMENT HOUSE (5+ UNITS) • 6,254 SF
      118 1st S Ave, Jacksonville Beach, FL 32250-6864
      View Details
    • Value Estimation by Request
      3,180 SF

      2110 1st S St

      APARTMENT HOUSE (5+ UNITS) • 3,180 SF
      2110 1st S St, Jacksonville Beach, FL 32250-6263
      View Details
    • Value Estimation by Request
      4,238 SF

      431 12th N Ave

      APARTMENT HOUSE (5+ UNITS) • 4,238 SF
      431 12th N Ave, Jacksonville Beach, FL 32250-4724
      View Details
    • Value Estimation
      $3,775,000
      8,993 SF

      801 1st S St

      APARTMENT HOUSE (5+ UNITS) • 8,993 SF
      801 1st S St, Jacksonville Beach, FL 32250-6686
      View Details

    Similar Nearby for Sale

    • $7,400,000
      11,491 SF

      Oceanfront Jacksonville Beach Redevelopment

      Prime oceanfront redevelopment, high demand area.
      831 1St Ave, Jacksonville Beach, FL 32250
      View Details
    • $699,000
      1,800 SF

      Jacksonville Beach Duplex Opportunity

      Duplex near the beach with income-producing potential.
      555 7Th Ave S, Jacksonville Beach, FL 32250
      View Details
    • New
      $1,450,000
      2,392 SF

      Jacksonville Beach Multi-Unit Home

      Fully furnished multi-unit home steps from Jacksonville Beach.
      724 1St Ave S, Jacksonville Beach, FL 32250
      View Details
    • $1,100,000

      Renovated Duplex Near Jacksonville Beach

      Fully renovated duplex near the beach, ideal for rental income.
      1721 S 2Nd St S, Jacksonville, FL 32250
      View Details
    • New
      $549,000
      1,512 SF

      Jacksonville Beach Multi-Family Home

      Multi-generational beach living with income potential in Jacksonville Beach.
      1907 Penman Rd, Jacksonville Beach, FL 32250
      View Details
    • $715,000
      2,028 SF

      Renovated Duplex Near Jacksonville Beach

      Fully renovated duplex on a corner lot near Jacksonville Beach.
      725 7Th Ave S, Jacksonville Beach, FL 32250
      View Details

    Similar Nearby for Lease

    • $10,416 /Mo

      Beach Side Corner Ground Lease

      Ground lease opportunity on high-traffic A1A/3rd St N.
      1709 3Rd Ave N, Jacksonville Beach, FL 32250
      View Details
    • Contact for pricing
      500 SF

      Prime Jax Beach Executive Office

      500 sq ft, Class A, Single Tenant
      1522 Penman Rd, Jacksonville Beach, FL 32250
      View Details
    • Contact for pricing
      3,289 SF

      Beach Boulevard Retail/Office Opportunity

      Retail and office spaces available near Jacksonville Beach.
      1500 Beach Blvd, Jacksonville Beach, FL 32250
      View Details
    • Contact for pricing
      811 SF

      Retail Space in Beach Community

      Retail space with high traffic in Jacksonville Beach, Florida.
      204-216 3Rd Ave S, Jacksonville Beach, FL 32250
      View Details
    • $1,813 /Mo
      5,128 SF

      Jacksonville Beach Office Space

      Office space in downtown Jacksonville Beach, close to amenities.
      135 2Nd Ave N, Jacksonville Beach, FL 32250
      View Details
    • Contact for pricing
      111 SF

      Modernized Office Suites Available

      Newly renovated office building with turnkey executive suites for rent.
      1415 3Rd Ave N, Jacksonville Beach, FL 32250
      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.
    432 2nd S St
    Jacksonville Beach, FL 32250-6764
    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.
    Sign Up Successful!
    You now have access to more from Realmo!