Property profile

604 New Berlin Rd Jacksonville, FL 32218

OFF-MARKET
Strip malls
Property ID
US19-0466135
9,734 SF 1.35 ac lot Built 1987
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,734 SF
Lot 1.35 ac (58,822 SF)
Zoning code CCG-1
APN 107970-0000
UPID US19-0466135

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Hair Salon Nail Salon
  • Real Estate Agency
  • Restaurant
  • Barber Shop

Location

604 New Berlin Rd Jacksonville, FL 32218
Jacksonville metro Census 10203 JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.40M
CAP Approach CAP
by Request
Comparable Approach Comparable
$953k
Blend (final) Blend
$1.40M

Owner & transaction history

since 2021
Last sale
$1.3M
3 recorded transactions
2021
$1.3M
2003
$800,000
1997
$475,000

Zoning & alternative use

CCG-1 · Jacksonville, FL
Zoning description

(CCG-1), Commercial Community/General-2 (CCG-2), and Planned Unit Development (PUD) having commercial uses. (c) Building Form and Finish Materials. The following general provisions shall apply to all Development in the M…

General category COMMERCIAL
Top alternative use upside
Medical building $2.2M +42.3%
Auto repair, garage $2.1M +32.8%
Retail stores $1.8M +12.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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