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    551 Clark Rd Jacksonville, FL 32218

    • Commercial real estate
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5410996
    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

    • Commercial real estate

    Property Details for 551 Clark Rd

    Lot size
    0.46 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.46-acre commercial property, located at 551 Clark Rd in Jacksonville, Florida (zip code 32218), is offered at an attractive asking price of $180,000. The property is zoned CCG1 and presents a unique opportunity for various commercial ventures. A significant feature is the presence of a substantial pole barn equipped with a car lift, ideal for vehicle storage or repair. The lot is fully fenced, enhancing security and providing a defined perimeter. Additionally, a mobile home is situated on the property, offering potential for immediate use as office space, storage, or temporary housing. This versatile property is well-suited for businesses requiring secure storage, vehicle maintenance, or a combination of uses. Its location in Duval County, Florida, provides convenient access to Jacksonville's infrastructure and amenities. The property's size and existing structures offer immediate utility, minimizing upfront investment costs for prospective buyers. This is a prime opportunity to acquire a ready-to-use commercial property in a desirable location.

    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
    County
    Duval
    State
    Florida
    Longitude
    -81.661569290035
    Latitude
    30.414068136348

    Comparable in this City

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      Industrial Land Parcel in Jacksonville

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    • New
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      Jacksonville Commercial Land For Sale

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    Similar Nearby for Sale

    • $21,450,000
      256.00 Acres

      North Jacksonville Industrial Land

      256 Acres, Prime Location, $21.45M
      0 Pecan Park Rd And Kite Rd, Jacksonville, FL 32218
      View Details
    • $85,000

      Jacksonville Mixed-Use Investment Opportunity

      13,939 sq ft lot, great development potential.
      2926 Leonid Rd, Jacksonville, FL 32218
      View Details
    • $1,200,000

      Dunn Avenue Uplands Land Parcel

      4 +/- acres of uplands near Baptist Health and I295.
      N Wingate Rd, Jacksonville, FL 32218
      View Details
    • $1,300,000

      2.2 Acres Multi-Parcel Property

      Six contiguous parcels in Jacksonville's Northside corridor, ideal for development.
      Hemlock St, Jacksonville, FL 32218
      View Details
    • $10,280,000
      26.57 Acres

      Industrial Land Parcel in Jacksonville

      26.57 acre industrial land parcel with rail access.
      3RD 3Rd St W, Jacksonville, FL 32218
      View Details
    • New
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      Jacksonville Commercial Land For Sale

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    Similar Nearby for Lease

    • Contact for pricing

      5.3 AC Fenced Storage Yard

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      New Berlin Road Storage Land

      Up to 10 acres of outside storage for lease.
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      Fenced Double Lot For Lease

      Fenced double lot with potential for pull-thru access.
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      Land Available For Lease

      Land available for lease in Jacksonville, Florida.
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      174,157 SF

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      2619 Ignition Dr, Jacksonville, FL 32218
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      Land Lease with Build-to-Suit

      Land available for lease with build-to-suit options.
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    551 Clark 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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