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Property profile & analytics
FOR LEASE
Strip malls

6999 Merrill Rd Jacksonville, FL 32277

8,656 SF 9.68 ac lot Built 1987
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US18-5459981
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,656 SF
Lot 9.68 ac (421,548 SF)
Zoning code CCG-1
APN 113198-0060
UPID US18-5459981
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.35M
Owner & transaction history
Dames Center LLC · 11 yrs held
Dames Center LLC
since 2015
2 recorded transactions
2015
$6.7M
1998
$1.8M
Zoning & alternative use
CCG-1 · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Mayport Road Zoning Overlay. (1) Roofs, which give the appearance of a flat roof from any street side of the building, are prohibited. Roofs…

Zone name Commercial Community General 1
General category COMMERCIAL
Zone area 6,934.94 ac
Source Zoning Ordinance
Top alternative use upside
Commercial (general) $2.2M +57.1%
Medical building $2.0M +42.3%
Auto repair, garage $1.8M +32.8%
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More about this property
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