Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5522 Commonwealth Ave Jacksonville, FL 32254-1636

    • Grocery and convenience stores
    • 2,640 SF
    • 0.72 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0773640
    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

    • Ellis Discount Beverage / Convenience Store

    Property Details for 5522 Commonwealth Ave

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.72 lot acres
    Property size
    2,640 SF
    Zone code
    CN
    Property type
    Grocery and convenience stores
    APN
    059170-0100
    APU
    591700100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $228,000
      Market price range: $228k - $343k

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.743
    Latitude
    30.3356
    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
    $4,386
    $62,580
    $162,420
    $225,000
    -
    $62,580
    $162,420
    $225,000

    Comparable in this City

    • Value Estimation
      $325,000
      5,280 SF

      6573 Commonwealth Ave

      CONVENIENCE STORE • 5,280 SF
      6573 Commonwealth Ave, Jacksonville, FL 32254-2257
      View Details
    • Value Estimation
      $250,000
      2,640 SF

      2202 Edgewood N Ave

      CONVENIENCE STORE • 2,640 SF
      2202 Edgewood N Ave, Jacksonville, FL 32254-1723
      View Details
    • Value Estimation
      $245,000
      2,820 SF

      1422 Huron St

      CONVENIENCE STORE • 2,820 SF
      1422 Huron St, Jacksonville, FL 32254-2027
      View Details
    • Value Estimation
      $235,000
      2,400 SF

      3005 Beaver St

      CONVENIENCE STORE • 2,400 SF
      3005 Beaver St, Jacksonville, FL 32254-3171
      View Details
    • Value Estimation
      $450,000
      4,720 SF

      3126 Edgewood N Ave, Unit 2

      CONVENIENCE STORE • 4,720 SF
      3126 Edgewood N Ave, Jacksonville, FL 32254-1440
      View Details
    • Value Estimation
      $440,000
      3,292 SF

      1001 Ln N Ave

      CONVENIENCE STORE • 3,292 SF
      1001 Ln N Ave, Jacksonville, FL 32254-2225
      View Details

    Similar Nearby for Sale

    • $769,000

      Free-Standing Building on Edgewood Ave

      3,179 SF building with parking and laundromat plans.
      1040 Edgewood Ave N, Jacksonville, FL 32254
      View Details
    • $340,000
      2,256 SF

      Jacksonville Commercial Property on Commonwealth

      Commercial property in high-traffic Jacksonville location, ideal for investors.
      3406 Commonwealth Ave, Jacksonville, FL 32254
      View Details
    • $130,000
      1,216 SF

      Jacksonville Commercial Corner Lot Property

      Corner lot property suitable for residential or commercial use.
      274 Mcduff Ave S, Jacksonville, FL 32254
      View Details
    • $715,000
      13,350 SF

      Jacksonville Retail Investment Opportunity

      13,350 SF retail building with 7 units for sale.
      529 Mcduff Ave S, Jacksonville, FL 32254
      View Details
    • $650,000

      Light Industrial Shop For Sale

      Clean, well-maintained 4,500 SF shop suitable for various businesses.
      5044 W Edward St, Jacksonville, FL 32254
      View Details
    • $950,000
      6,364 SF

      Versatile Jacksonville Commercial Property

      Thriving event venue with ample parking and endless possibilities.
      2528 Beaver St, Jacksonville, FL 32254
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      5,034 SF

      Retail Space in Hyde Park

      Community shopping center in Jacksonville's Riverside Submarket.
      103 Lane Ave S, Jacksonville, FL 32254
      View Details
    • Contact for pricing
      81,467 SF

      Commonwealth Shopping Center: Jacksonville Retail Space

      Prime Jacksonville retail space, multiple units available.
      1020 Edgewood Ave, Jacksonville, FL 32254
      View Details
    • Contact for pricing
      12,268 SF

      Industrial Facility with Drive-Through Bays

      12,268 SF industrial facility with twelve drive-through bays.
      321 Lane Ave N, Jacksonville, FL 32254
      View Details
    • $599,000
      1,952 SF

      Versatile Corner Lot for Lease

      Corner lot with versatile zoning available for lease.
      202 Edgewood Ave S, Jacksonville, FL 32254
      View Details
    • $6 SF/Yr
      74,150 SF

      Westside Warehouse Space Available

      55,000-80,000± SF available with excellent regional connectivity.
      330 Stevens St, Jacksonville, FL 32254
      View Details
    • $9 SF/Yr
      3,750 SF

      Jacksonville Warehouse Space Available

      3,750 square feet of warehouse space for lease.
      400 Edgewood Ave S, Jacksonville, FL 32254
      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.
    5522 Commonwealth Ave
    Jacksonville, FL 32254-1636
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.