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    Property profile & analytics

    5953 Roosevelt Blvd Jacksonville, FL 32244

    • Retail space
    • 8,800 SF
    • 1.10 lot acres
    For Sale
    View listing
    $1,599,000
    Last Sale
    Sep 05, 2023
    $1,535,000
    Value Estimations
    Cap Rate Potential
    6.2%
    Retail space
    Location Intelligence
    Property ID
    US18-3187014
    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

    • Retail space

    Property Details for 5953 Roosevelt Blvd

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    1.10 lot acres
    Property size
    8,800 SF
    Zone code
    CCG-2
    Property type
    Retail space
    APN
    100462-0000
    APU
    1004620000

    Description

    This exceptional 8,800 square foot mixed-use property, located at 5953 Roosevelt Blvd in Jacksonville, Florida, is offered for sale at $1,599,000. The single-story, steel-framed building sits on a 1.1-acre lot and boasts a prime location just half a mile north of NAS JAX, benefiting from high visibility and a daily traffic count of 39,000 vehicles. Built in 1988, the Class C building is currently vacant and ready for immediate customization. The versatile CCG-2 zoning allows for a variety of uses, including retail, auto dealership, or wholesale business. The property includes four newer HVAC systems, three-phase power, and plumbing for two bathrooms. Ample space exists for parking and potential expansion. With eight parking spaces per 1,000 square feet, the property offers convenient parking for customers and employees. The asking price of $1,599,000 equates to $203.98 per square foot. A leasing option is available at $12,000 per month plus sales tax, modified gross. This represents a unique opportunity to acquire a strategically located and adaptable commercial space with significant potential for growth and return on investment. The property is for sale by owner.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,600,000
      ML approach
      $1,490,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,665,000
      6.5%
      $1,535,000
      7%
      $1,425,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,040,000
      Market price range: $703k - $2.70M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,595,000
      Current use
      COMMERCIAL (GENERAL)
      $2,220,000
      Change: +39% Conversion: Easy
      OFFICE BUILDING
      $2,075,000
      Change: +30% Conversion: Easy
      MEDICAL BUILDING
      $2,010,000
      Change: +26% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,875,000
      Change: +18% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,450,000
      Change: -9% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,415,000
      Change: -11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6953
    Latitude
    30.2418
    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
    $13,098
    $360,000
    $376,400
    $736,400
    -
    $360,000
    $376,400
    $736,400

    Comparable in this City

    • Value Estimation
      $340,000
      10,620 SF

      6313 Roosevelt Blvd

      RETAIL STORES (PERSONAL SERVICES) • 10,620 SF
      6313 Roosevelt Blvd, Jacksonville, FL 32244-3303
      View Details
    • Value Estimation
      $300,000
      9,996 SF

      6192 Townsend Rd, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 9,996 SF
      6192 Townsend Rd, Jacksonville, FL 32244-4417
      View Details
    • Value Estimation
      $305,000
      3,040 SF

      6800 Blanding Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,040 SF
      6800 Blanding Blvd, Jacksonville, FL 32244-4419
      View Details
    • Value Estimation
      $305,000
      9,944 SF

      7224 Golden Wings Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,944 SF
      7224 Golden Wings Rd, Jacksonville, FL 32244-3312
      View Details
    • Value Estimation
      $365,000
      7,428 SF

      7800 Argyle Frst Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,428 SF
      7800 Argyle Frst Blvd, Jacksonville, FL 32244-5512
      View Details
    • Value Estimation
      $1,885,000
      9,180 SF

      6729 Blanding Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,180 SF
      6729 Blanding Blvd, Jacksonville, FL 32244-3715
      View Details

    Similar Nearby for Sale

    • $1,450,000

      Prime Roosevelt Blvd Commercial Property

      8,800 SF building on over an acre near NAS JAX.
      5953 Roosevelt Blvd, Jacksonville, FL 32244
      View Details
    • Contact for pricing

      Automotive Property on Blanding Blvd

      9,180 SF free-standing building on 1.30 acres for sale.
      Jacksonville, FL 32244
      View Details
    • $1,599,000
      8,800 SF

      Roosevelt Blvd Mixed-Use Property

      Jacksonville, FL Investment Opportunity
      5953 Roosevelt Blvd, Jacksonville, FL 32244
      View Details
    • $799,000
      1.56 Acres

      Multi-Building Commercial Investment

      High-yield Jacksonville property, multiple tenants.
      5508 Wesconnett Blvd, Jacksonville, FL 32244
      View Details
    • $825,000
      1.59 Acres

      Riverfront Land in Jacksonville, Florida

      1.5-acre riverfront land with potential for development.
      3701 Collins Rd, Jacksonville, FL 32244
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    • $685,000
      3,792 SF

      New Jacksonville Fourplex Investment Opportunity

      Newly constructed four-unit property in a high-growth Jacksonville location.
      6414 Sweetbay Ln, Jacksonville, FL 32244
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    Similar Nearby for Lease

    • $16 SF/Yr
      4,228 SF

      Retail Space on Blanding Blvd

      Open floorplan commercial space for lease, suitable for retail/office.
      6336 Blanding Blvd, Jacksonville, FL 32244
      View Details
    • Contact for pricing
      1,120 SF

      Retail Space in Shopping Center

      Retail spaces available in a high-growth area shopping center.
      7051 Collins Rd, Jacksonville, FL 32244
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space in Shopping Center

      Retail spaces available in a high-growth area shopping center.
      7091 Collins Rd, Jacksonville, FL 32244
      View Details
    • Contact for pricing
      15,914 SF

      Retail Space on Blanding Blvd

      16,000 SF retail space with excellent visibility.
      8151 Blanding Blvd, Jacksonville, FL 32244
      View Details
    • $1,995,000
      711 SF

      Retail Building on Roosevelt Boulevard

      Retail building with 8,000± SF and 25 parking spaces.
      5917 Roosevelt Blvd, Jacksonville, FL 32244
      View Details
    • Contact for pricing
      55,321 SF

      Collins Road Retail Outparcel

      Prime Retail Land, I-295 Access
      0 Collins Rd, Jacksonville, FL 32244
      View Details
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    Jacksonville, FL 32244
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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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