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

    602 Un St Jacksonville, FL 32206-5641

    • Residential income homes
    • 5,360 SF
    • 0.08 lot acres
    OFF-MARKET
    Last Sale
    Nov 21, 2023
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3157731
    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

    • URBISMUS / Art Studio
    • George Cornwell Serigraphs / Art Studio

    Property Details for 602 Un St

    Year built
    1912
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.08 lot acres
    Property size
    5,360 SF
    Zone code
    CRO
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    122090-0000
    APU
    1220900000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $660,000
      6.5%
      $610,000
      7%
      $565,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $384,000
      Market price range: $206k - $514k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $860,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6486
    Latitude
    30.331
    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
    $6,657
    $7,754
    $360,127
    $367,881
    -
    $7,754
    $360,127
    $367,881

    Comparable in this City

    • Value Estimation
      $2,270,000
      18,014 SF

      941 Liberty St

      BOARDING/ROOMING HOUSE • 18,014 SF
      941 Liberty St, Jacksonville, FL 32206-5676
      View Details
    • Value Estimation by Request
      2,176 SF

      1541 Blvd Boulevard

      BOARDING/ROOMING HOUSE • 2,176 SF
      1541 Blvd Boulevard, Jacksonville, FL 32206-4336
      View Details
    • Value Estimation by Request
      2,516 SF

      1704 Pearl St

      BOARDING/ROOMING HOUSE • 2,516 SF
      1704 Pearl St, Jacksonville, FL 32206-4364
      View Details
    • Value Estimation by Request
      4,122 SF

      1152 Laura St

      BOARDING/ROOMING HOUSE • 4,122 SF
      1152 Laura St, Jacksonville, FL 32206-4912
      View Details
    • Value Estimation by Request
      2,270 SF

      20 4th St

      BOARDING/ROOMING HOUSE • 2,270 SF
      20 4th St, Jacksonville, FL 32206-4406
      View Details
    • Value Estimation
      $1,885,000
      14,901 SF

      940 Bridier St

      BOARDING/ROOMING HOUSE • 14,901 SF
      940 Bridier St, Jacksonville, FL 32206-5904
      View Details

    Similar Nearby for Sale

    • $375,000
      1,981 SF

      Historic Springfield Duplex Opportunity

      Income-producing duplex in historic Springfield, near UF Health Hospital.
      347 Cottage Ave, Jacksonville, FL 32206
      View Details
    • $250,000
      1,728 SF

      Jacksonville Duplex: Income Potential

      Versatile duplex in growing downtown Jacksonville neighborhood with income potential.
      1956 Phoenix Ave, Jacksonville, FL 32206
      View Details
    • Contact for pricing

      Renovated Duplex in Historic District

      Fully renovated duplex with income potential in Springfield's Historic District.
      240 E 6Th St, Jacksonville, FL 32206
      View Details
    • Contact for pricing

      Renovated Triplex in Historic Springfield

      Income-generating triplex with renovated units and expansion potential.
      1130 N Market St St, Jacksonville, FL 32206
      View Details
    • Contact for pricing

      Jacksonville Portfolio: Mobile Home, RV

      Four-property portfolio in Jacksonville, Florida, with 282 developed sites.
      4618 N Main St, Jacksonville, FL 32206
      View Details
    • $420,000
      Pending

      Turn-Key Jacksonville Multi-Family Investment

      Renovated multi-family property generating $6387 gross monthly income.
      51 E 32Nd St, Jacksonville, FL 32206
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      4,000 SF

      Historic Springfield Retail Gem

      Charming 4,000 sq ft space, fully furnished.
      1602 Walnut St, Jacksonville, FL 32206
      View Details
    • Contact for pricing

      Historic Springfield Mixed-Use Opportunity

      6,000 SF mixed-use property in Historic Springfield.
      1602-1608 Walnut St, Jacksonville, FL 32206
      View Details
    • Contact for pricing
      2,421 SF

      Downtown Office Space Available

      Office space available for lease in downtown Jacksonville, Florida.
      1103 N Laura St, Jacksonville, FL 32206
      View Details
    • $11 SF/Yr
      8,100 SF

      Industrial Warehouse Space For Rent

      8,100 SF warehouse space available for lease.
      555 E 3Rd St, Jacksonville, FL 32206
      View Details
    • Contact for pricing
      240 SF

      Office Space Near Downtown Hub

      Office space with retail footprint and connectivity to submarkets.
      1303 N Main St, Jacksonville, FL 32206
      View Details
    • Contact for pricing

      Industrial Warehouse Space Available

      Industrial warehouse space for lease or sale in Jacksonville, FL.
      1708 Marshall St, Jacksonville, FL 32206
      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.
    602 Un St
    Jacksonville, FL 32206-5641
    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!