Add Listing
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

    589 Levy Rd Atlantic Beach, FL 32233-2642

    • Warehouses
    • 9,000 SF
    • 0.66 lot acres
    OFF-MARKET
    Value Estimations
    $1,010,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0361836
    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

    • Warehouses

    Property Details for 589 Levy Rd

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    0.66 lot acres
    Property size
    9,000 SF
    Zone code
    ALIW
    Property type
    Warehouses
    APN
    172322-0500
    APU
    1723220500

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,010,000
      6.5%
      $935,000
      7%
      $870,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,113,000
      Market price range: $609k - $1.77M
      AI Estimate
      $988,000
      Market price range: $481k - $1.84M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,080,000
      Current use
      RETAIL STORES
      $1,630,000
      Change: +51% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,485,000
      Change: +37% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlantic Beach
    County
    Duval
    State
    Florida
    Longitude
    -81.4213
    Latitude
    30.3361
    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
    $13,553
    $84,420
    $689,780
    $774,200
    -
    $84,420
    $689,780
    $774,200

    Comparable in this City

    • Value Estimation by Request
      0.76 Acres

      Tulip St

      STORAGE YARD, OPEN STORAGE • 0.76 Acres
      Tulip St, Atlantic Beach, FL 32233
      View Details
    • Value Estimation
      $1,035,000
      8,259 SF

      155 Levy Rd

      WAREHOUSE, STORAGE • 8,259 SF
      155 Levy Rd, Atlantic Beach, FL 32233-2641
      View Details
    • Value Estimation by Request
      280 SF

      571 Coastal Oak Ln

      WAREHOUSE, STORAGE • 280 SF
      571 Coastal Oak Ln, Atlantic Beach, FL 32233-7340
      View Details
    • Value Estimation by Request
      171 SF

      914 Schooners Bay Dr

      WAREHOUSE, STORAGE • 171 SF
      914 Schooners Bay Dr, Atlantic Beach, FL 32233
      View Details
    • Value Estimation by Request
      1,728 SF

      2321 Mayport Rd

      WAREHOUSE, STORAGE • 1,728 SF
      2321 Mayport Rd, Atlantic Beach, FL 32233-2715
      View Details
    • Value Estimation by Request
      256 SF

      1030 Mimosa Cv E Ct

      WAREHOUSE, STORAGE • 256 SF
      1030 Mimosa Cv E Ct, Atlantic Beach, FL 32233
      View Details

    Similar Nearby for Sale

    • $990,000
      1,800 SF

      Atlantic Beach Duplex Near Ocean

      Updated duplex in desirable Atlantic Beach location near the ocean.
      1811/1813 Seminole Rd, Atlantic Beach, FL 32233
      View Details
    • $1,175,000
      5.00 Acres

      Coastal Land Assemblage Opportunity

      5-acre coastal land assemblage with multifamily zoning near Hanna Park.
      Wonderwood Dr, Jacksonville, FL 32233
      View Details
    • Contact for pricing
      1,394 SF

      New Popeyes Restaurant For Sale

      New 20-year Popeyes lease in a high-traffic location.
      7507 Atlantic Blvd, Jacksonville, FL 32233
      View Details
    • $875,000

      Cleared Land Parcel on Main

      2.02 acre cleared land parcel with development potential.
      Main St, Jacksonville, FL 32233
      View Details
    • New
      $1,700,000
      Pending

      Atlantic Beach Oversized Wooded Lot

      Rare opportunity to build in desirable Atlantic Beach neighborhood.
      350 4Th St, Atlantic Beach, FL 32233
      View Details
    • $199,000
      0.33 Acres

      Waterfront Lot in Atlantic Beach

      Marsh-front lot with Intracoastal access, no HOA, build your dream.
      1304 Gladiola St, Atlantic Beach, FL 32233
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,900 SF

      9,900 SF Warehouse Available

      9,900 SF warehouse on 1.27 acres for lease.
      2995 Mayport Rd, Jacksonville, FL 32233
      View Details
    • Contact for pricing
      1,600 SF

      Versatile Commercial Space Near Mayport

      11,400 sq ft space near Mayport Naval Air Station.
      800 Mayport Rd, Atlantic Beach, FL 32233
      View Details
    • Contact for pricing
      800 SF

      Retail Space on Atlantic Boulevard

      Retail space available on a major east/west corridor.
      961-1021 Atlantic Blvd, Atlantic Beach, FL 32233
      View Details
    • Contact for pricing
      1,568 SF

      Springfield Retail Space For Rent

      Prime retail space in historic Springfield with high visibility.
      15 E 7Th St, Jacksonville, FL 32233
      View Details
    • Contact for pricing
      43,560 SF

      Atlantic Beach Retail Pad

      Prime 1-acre retail site, ground lease or build-to-suit.
      0 Mayport Rd, Atlantic Beach, FL 32233
      View Details
    • Contact for pricing
      29,621 SF

      Jacksonville Retail Pad - Mayport Rd

      Prime 0.68-acre retail site, ground lease or build-to-suit.
      2757 Mayport Rd, Jacksonville, FL 32233
      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.
    589 Levy Rd
    Atlantic Beach, FL 32233-2642
    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.
    Sign Up Successful!
    You now have access to more from Realmo!