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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5834 Richard St Jacksonville, FL 32216-5925

    • Auto shops
    • 6,584 SF
    • 4.10 lot acres
    OFF-MARKET
    Last Sale
    Jan 31, 2024
    $2,200,000
    Value Estimations
    $2,015,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3351417
    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

    • First Student / Transportation Service
    • Durham School Services / Transportation Service / School Bus Service

    Property Details for 5834 Richard St

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    4.10 lot acres
    Property size
    6,584 SF
    Zone code
    IL
    Property type
    Auto shops
    APN
    152665-0000
    APU
    1526650000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,200,000
      ML approach
      $2,200,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,461,000
      Market price range: $554k - $2.35M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,405,000
      Current use
      RESTAURANT
      $3,495,000
      Change: +149% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,660,000
      Change: +18% Conversion: Moderate
      OFFICE BUILDING
      $1,360,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6131
    Latitude
    30.2635
    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
    $17,001
    $647,003
    $245,371
    $892,374
    -
    $647,003
    $245,371
    $892,374

    Comparable in this City

    • Value Estimation
      $360,000
      9,210 SF

      5955 Philips Hwy

      AUTO REPAIR, GARAGE • 9,210 SF
      5955 Philips Hwy, Jacksonville, FL 32216-5916
      View Details
    • Value Estimation
      $290,000
      3,440 SF

      4122 Southside Blvd

      AUTO REPAIR, GARAGE • 3,440 SF
      4122 Southside Blvd, Jacksonville, FL 32216-5408
      View Details
    • Value Estimation
      $1,115,000
      6,733 SF

      6410 Bch Blvd

      AUTO REPAIR, GARAGE • 6,733 SF
      6410 Bch Blvd, Jacksonville, FL 32216-2813
      View Details
    • Value Estimation
      $865,000
      2,137 SF

      8120 Bch Blvd

      AUTO REPAIR, GARAGE • 2,137 SF
      8120 Bch Blvd, Jacksonville, FL 32216-3135
      View Details
    • Value Estimation
      $330,000
      4,060 SF

      5825 Lone Pne Rd

      AUTO REPAIR, GARAGE • 4,060 SF
      5825 Lone Pne Rd, Jacksonville, FL 32216-5901
      View Details
    • Value Estimation
      $295,000
      2,873 SF

      5942 University W Blvd

      AUTO REPAIR, GARAGE • 2,873 SF
      5942 University W Blvd, Jacksonville, FL 32216-4912
      View Details

    Similar Nearby for Sale

    • $1,800,000
      6,660 SF

      Jacksonville Commercial Property For Sale

      Commercial property suitable for warehousing, trucking, retail, auto sales/repair.
      1828 Foster Dr, Jacksonville, FL 32216
      View Details
    • $1,750,000
      12,000 SF

      Car Wash on University Blvd

      Full-service car wash on 0.96 acres with frontage.
      5864 University Blvd W, Jacksonville, FL 32216
      View Details
    • $8,999,000
      52,722 SF

      Jacksonville Flex Space Investment Opportunity

      Flex space investment opportunity in Jacksonville with diverse tenant mix.
      5730 Bowden Rd, Jacksonville, FL 32216
      View Details
    • $1,250,748
      3,411 SF

      NNN Leased Investment Opportunity

      Long-term NNN lease with established national tenant, Kid City.
      7044 Beach Blvd, Jacksonville, FL 32216
      View Details
    • $750,000
      1,920 SF

      Retail Building Near Walmart

      1,920 SF retail building on 0.275 acre lot.
      8560 Beach Blvd, Jacksonville, FL 32216
      View Details
    • $2,200,000

      Prime Jacksonville Retail Land

      High-traffic location, excellent development potential.
      5730 University Boulevard Ct, Jacksonville, FL 32216
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,668 SF

      Standalone Office Space with Garage

      Versatile office space with garage, storage, and fenced lot.
      5025 Stepp Ave, Jacksonville, FL 32216
      View Details
    • $24 SF/Yr
      275,229 SF

      Jacksonville Medical Office Space

      Class A Office Park, Multiple Suites Available
      6735 Southpoint Dr, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      4,050 SF

      Retail Space in Remodeled Center

      Retail spaces available in a recently remodeled grocery-anchored center.
      5839-5909 University Blvd W, Jacksonville, FL 32216
      View Details
    • $24 SF/Yr
      2,800 SF

      Retail Space on Southside Blvd

      Retail space available with high traffic and ample parking.
      3805 Southside Blvd, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      19,126 SF

      Jacksonville Executive Office Suites

      Class A Office Space, Duval County
      9823 Tapestry Park Cir, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      900 SF

      Retail Space in SouthPoint Plaza

      Multi-tenant retail building in a dense business park.
      6426 Bowden Rd, Jacksonville, FL 32216
      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.
    5834 Richard St
    Jacksonville, FL 32216-5925
    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.