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    Property profile & analytics

    4585 San Juan Ave Jacksonville, FL 32210

    • Drive through restaurants
    • 2,105 SF
    • 0.55 lot acres
    For Sale
    View listing
    $1,100,000
    Last Sale
    Aug 09, 2023
    $1,150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9849731
    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

    • Drive through restaurants

    Property Details for 4585 San Juan Ave

    Year built
    1964
    Construction
    STEEL FRAME
    Lot size
    0.55 lot acres
    Property size
    2,105 SF
    Zone code
    CCG-2
    Property type
    Drive through restaurants
    APN
    093665-0000
    APU
    936650000

    Description

    This exceptional 0.55-acre commercial lot, located at the northeast corner of San Juan Avenue and Jersey Street in Jacksonville, Florida (zip code 32210), presents a unique investment opportunity. The property, situated at 4585 San Juan Ave, boasts a former 2,218 square foot fast-food restaurant building that has been removed, leaving a cleared lot ready for immediate development. The site previously housed a Krystal restaurant and includes a pre-existing drive-thru lane, a significant advantage for quick-service restaurant operators. Its strategic location ensures high visibility and accessibility, catering to the nearby Lakeshore, Avondale, and Ortega neighborhoods. The property is zoned CCG-2 commercial, making it suitable for a variety of commercial uses, particularly quick-service restaurants or similar businesses. The asking price for this prime location is $1,100,000. This is a rare opportunity to acquire a ready-to-develop parcel in a thriving Jacksonville area. The site's existing infrastructure, including the drive-thru, significantly reduces development time and costs, making it an attractive proposition for investors and developers alike. Don't miss this chance to capitalize on this exceptional commercial land offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,200,000
      ML approach
      $1,250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,498,000
      Market price range: $469k - $1.70M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7233
    Latitude
    30.2825
    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
    $17,491
    $247,167
    $704,933
    $952,100
    -
    $247,167
    $704,933
    $952,100

    Comparable in this City

    • Value Estimation
      $625,000
      3,738 SF

      7359 103rd St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,738 SF
      7359 103rd St, Jacksonville, FL 32210-6700
      View Details
    • Value Estimation
      $515,000
      4,206 SF

      4408 Blanding Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,206 SF
      4408 Blanding Blvd, Jacksonville, FL 32210-7321
      View Details
    • Value Estimation
      $2,250,000
      2,649 SF

      2001 Hamilton St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,649 SF
      2001 Hamilton St, Jacksonville, FL 32210-2045
      View Details
    • Value Estimation by Request
      2,420 SF

      6740 103rd St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,420 SF
      6740 103rd St, Jacksonville, FL 32210-7136
      View Details
    • Value Estimation by Request
      524 SF

      6651 San Juan Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 524 SF
      6651 San Juan Ave, Jacksonville, FL 32210-2859
      View Details
    • Value Estimation
      $3,080,000
      1,931 SF

      9144 103rd St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,931 SF
      9144 103rd St, Jacksonville, FL 32210-8608
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      975 SF

      Former Dairy Drive-Through Opportunity

      Iconic structure suitable for drive-through or deliveries.
      4701 Shirley Ave, Jacksonville, FL 32210
      View Details
    • $1,100,000
      2,218 SF

      Former Restaurant with Drive-Thru

      2,218 SF former fast food restaurant with drive-thru.
      4585 San Juan Ave, Jacksonville, FL 32210
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    • $2,500,000
      1.03 Acres

      Prime Jacksonville Retail Investment

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    • $1,100,000
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      Prime Jacksonville QSR Land

      Fast food pad, drive-thru, high traffic area.
      4585 San Juan Ave, Jacksonville, FL 32210
      View Details
    • Contact for pricing
      6,097 SF

      Prime Commercial Property on Blanding Blvd

      6,097 SF building on 1.42 acres with ample parking.
      4578 Blanding Blvd, Jacksonville, FL 32210
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    • $829,000
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      Lane Ave Gas Station - Jacksonville

      Prime Retail Redevelopment Opportunity
      1879 Lane Ave, Jacksonville, FL 32210
      View Details

    Similar Nearby for Lease

    • $1,900 /Mo
      800 SF

      Avondale Commercial Space For Rent

      Updated commercial space suitable for office, restaurant, or retail use.
      4178 Herschel St, Jacksonville, FL 32210
      View Details
    • Contact for pricing
      76,400 SF

      Hillman Square Shopping Center

      Jacksonville Retail Center: High Traffic, 3 Spaces Available
      7900 103Rd St, Jacksonville, FL 32210
      View Details
    • Contact for pricing
      8,400 SF

      San Juan Outparcels: Prime Retail/Office

      Two buildings, flexible space, high traffic.
      1960 Blanding Blvd, Jacksonville, FL 32210
      View Details
    • $12 SF/Yr
      1,000 SF

      Retail Space in Jacksonville, FL

      Retail space available for lease in Jacksonville, Florida.
      8970 103Rd St, Jacksonville, FL 32210
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space in Ortega Park

      Retail space for lease in Jacksonville's established Ortega Park.
      4403 Roosevelt Blvd, Jacksonville, FL 32210
      View Details
    • Contact for pricing
      9,040 SF

      Retail Spaces in Blanding Town

      Versatile retail spaces in a high-traffic Jacksonville location.
      5276 Blanding Blvd, Jacksonville, FL 32210
      View Details
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    4585 San Juan Ave
    Jacksonville, FL 32210
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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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