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Property profile & analytics
OFF-MARKET
Commercial real estate

8078 Devoe St Jacksonville, FL 32220

1,368 SF Built 1953
Property ID
US18-0579565
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1953
Total area 1,368 SF
APN 005893-0000
UPID US18-0579565
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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