8078 Devoe St Jacksonville, FL 32220
This 1,368 square foot traditional office building in Jacksonville, Florida, presents a compelling value-add investment opportunity. Located on a 5,663 square foot corner lot at 8078 Devoe St, 32220, this single-story, 1953-built property is zoned CCG-2 and offers 1,056 square feet of net rentable space. Its prime location just off I-10, two miles from I-295, and eight miles from I-95 provides exceptional accessibility and visibility. The property's distressed condition offers significant upside potential through renovations, including exterior enhancements (facade refresh, landscaping upgrade, improved signage), interior renovations (modernized common areas, updated restrooms, reconfigured floor plans), and systems upgrades (energy-efficient HVAC and lighting, smart building technologies, enhanced internet connectivity). The asking price is $89,700, and the lease type is NNNN. This property is ideal for an investor seeking to capitalize on its location and increase its value through strategic improvements, attracting higher-quality tenants and commanding premium rental rates. The property's APN is 005893-0000. This is a true value-add opportunity with potential for substantial returns.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.