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Property profile & analytics
FOR LEASE
Community centers
7900 103Rd St Jacksonville, FL 32210
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-4145393
For Lease
$2,245,000
7900 103Rd St, Jacksonville, FL 32210
View Listing →
Property summary
AI-generated overview
Hillman Square Shopping Center, located at 7900 103rd St, Jacksonville, FL 32210, presents a prime retail investment opportunity. This single-story, 76,400 square foot shopping center sits on an 8.86-acre lot, offering ample space and visibility. Built in 1989 and renovated in 2000, the property boasts 34 suites, with three currently available, ranging from 1,000 to 11,400 contiguous square feet. The center features 350 parking spaces and is conveniently located at the corner of 103rd Street and Hillman Road in Jacksonville's Westside area, within one mile of I-295, experiencing high traffic counts of 47,500 vehicles daily. The property is zoned CCG1 and serviced by JEA power. The building has a load factor of 1 and a floor area ratio (FAR) of 1.58. This is an exceptional opportunity for businesses seeking high visibility and convenient access in a thriving Jacksonville location. Currently, 11,400 square feet of space is vacant.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,075 SF
Lot
8.72 ac (379,730 SF)
Zoning code
CCG-1
APN
014511-0500
UPID
US18-4145393
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
Current use
Occupant on record · Public records
-
Iglesia Promesas de Esperanza Church Mosque
-
The Smoke And Vape Studio (Bike/Boat/Book/etc) Store
-
Wok N Roll Restaurant
-
Quick Wash Laundromat Jacksonville Florida (Bike/Boat/Book/etc) Store
-
Iglesia Evangelistica Nueva Esperanza Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$2.25M
Owner & transaction history
Lhm Property LLC · 7 yrs held
Lhm Property LLC
since 2019
1 recorded transaction
Zoning & alternative use
CCG-1 · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.5M
+51.3%
Apartment house (5+ units)
$3.2M
+34.8%
Retail stores
$2.6M
+13.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jacksonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jacksonville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,335,000
Current use
OFFICE BUILDING
$3,530,000
Change: +51% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,150,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$2,645,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$2.25M
Range $2.02M – $2.47M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$118 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$5,116,900
Assessed 2023
Previous assessed
$3,208,900
+59.5% YoY
Assessed land
$1,562,726
Assessed improvement
$3,554,174
Land market value
$1,562,726
Improvement market value
$3,554,174
Total market value
$5,116,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
10
Rooms
21
Bathrooms
103
Total area
19,075 SF
Lot
8.72 ac (379,730 SF)
Zoning code
CCG-1
APN
014511-0500
UPID
US18-4145393
Jurisdiction
DUVAL
Zoning & alternative use
CCG-1 · Jacksonville, FL
Zoning CCG-1 · permitted uses
CCG-1 · Jacksonville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jacksonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.3M
OFFICE BUILDING
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
RETAIL STORES
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
10
Rooms
21
Bathrooms
103
Lot
8.72 ac
Current owner
From public records · entity-resolved
Lhm Property LLC
Entity
Mailing address
8405 PAPELON WAY, JACKSONVILLE, FL 32217-4313
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2019
$4,400,000
Lhm Property LLC
Sana Of Jacksonville INC
Special Warranty Deed
$3,080,000 · Ameris Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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