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    541 New Berlin Rd Jacksonville, FL 32218
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    541 New Berlin Rd Jacksonville, FL 32218

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    • Commercial land
    For Sale
    $2,880,000
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    Commercial Land Ready for Development For Sale
    $2,880,000
    7,000 SF

    Commercial Land Ready for Development

    3.1 acres of commercial land zoned PUD for development.

    541 NEW BERLIN Road, Jacksonville, FL 32218
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    Property ID
    US19-0468516
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 541 New Berlin Rd

    Year built
    1940
    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    PUD PROPERTY ALREADY ZONED. READY FOR DEVELOPMENT. RIGHT BY OCEAN WAY ELEMENTARY SCHOOL, ONE BLOCK AWAY, WALKING DISTANCE, NEAR MAIN STREET. VERY BUSY ROAD ON NEW BERLIN NEAR RIVER MARKETPLACE. DR HORTON HOMES BEING DEVELOPED ONLY A BLOCK AWAY. 3.1 acres Contiguous set of 7 parcels make up the site Signalized corner of New Berlin Rd and Gillespie Ave Zoned Commercial PUD Frontage of 635± feet on New Berlin Close proximity to River City Marketplace, UF Health and the new VA Medical Center under construction Oceanway Middle School easy walking distance (.3 miles) Multiple residential developments under construction in the area The signalized corner has a gas station and restaurants

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6262846
    Latitude
    30.4668888

    Comparable in this City

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      Corner Parcels in Growth Corridor

      Three corner parcels in north Jacksonville's growing Airport Center area.
      13135 Gillespie Ave, Jacksonville, FL 32218
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      Medical Office Land Available

      1.64 acres of land for medical office development.
      Duval Station Rd, Jacksonville, FL 32218
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      Cleared Land with Road Frontage

      Cleared land with frontage on Dunn Avenue and VC Johnson Road.
      5401 Dunn Ave, Jacksonville, FL 32218
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      Commercial Land Near I-295

      Commercial land with high traffic, near major retailers and I-295.
      3198 Armsdale Rd, Jacksonville, FL 32218
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    • $172,000

      Commercial Land Near Fernandina Beach

      0.26-acre commercial property between Oceanway and Fernandina Beach.
      14520 North Main Street Dr, Jacksonville, FL 32218
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      Commercial Land Parcel For Sale

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      High-Visibility Corner Commercial Parcel

      Corner commercial parcel with high visibility in North Jacksonville.
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      Prime Commercial Development Opportunity

      0.60-acre commercial development pad in a high-traffic Jacksonville location.
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      Commercial Land Near JAXPORT

      Mixed-use zoned land near I-95 and JAXPORT.
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      Commercial Lot in North Jacksonville

      1.11-acre commercial lot near airport and River City Market Place.
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      Commercial Land Near I-295

      Prime commercial land near I-295, Baptist North Medical Campus.
      3890 Dunn Avenue Ter, Jacksonville, FL 32218
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    Similar Nearby for Lease

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      2.02 Acres on Main Street

      2.02± acres with 280 front feet on Main Street.
      Main St And Pkwy Blvd, Jacksonville, FL 32218
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      Camden Road Industrial Land

      4-acre logistics hub with highway access and security features.
      11864 Camden Rd, Jacksonville, FL 32218
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      Industrial Land with Office Space

      4.5 acres of industrial land with office and storage.
      11536 Boote Blvd, Jacksonville, FL 32218
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      New Berlin Road Storage Land

      Up to 10 acres of outside storage for lease.
      New Berlin Rd, Jacksonville, FL 32218
      View Details
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      Imeson Industrial Park Warehouse

      1.7M SF two-story warehouse with excellent transportation access.
      1 Imeson Park Blvd, Jacksonville, FL 32218
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      5 SF

      Industrial Land with Office Trailer

      5.25-acre industrial property with office trailer for lease.
      11460 Boote Blvd, Jacksonville, FL 32218
      View Details
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    541 New Berlin Rd
    Jacksonville, FL 32218
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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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