Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    816 A Philip Randolph Blvd Jacksonville, FL 32206-5776

    • Strip malls
    • 4,440 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Mar 12, 2024
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4700623
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Full STEM Ahead / Computer Consultant

    Property Details for 816 A Philip Randolph Blvd

    Year built
    1922
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Property size
    4,440 SF
    Zone code
    CCG-2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    122322-0010
    APU
    1223220010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $715,000
      Current use
      MEDICAL BUILDING
      $1,015,000
      Change: +42% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $945,000
      Change: +33% Conversion: Difficult
      OFFICE BUILDING
      $860,000
      Change: +21% Conversion: Moderate
      RETAIL STORES
      $805,000
      Change: +13% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6427
    Latitude
    30.3317
    CBSA code
    27260
    CBSA name
    JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,826
    $6,379
    $380,021
    $386,400
    -
    $6,379
    $380,021
    $386,400

    Comparable in this City

    • Value Estimation by Request
      3,570 SF

      849 A Philip Randolph Blvd

      SHOPPING CENTER, STRIP CENTER • 3,570 SF
      849 A Philip Randolph Blvd, Jacksonville, FL 32206-5704
      View Details
    • Value Estimation by Request
      8,256 SF

      543 Woodbine St

      SHOPPING CENTER, STRIP CENTER • 8,256 SF
      543 Woodbine St, Jacksonville, FL 32206-6226
      View Details
    • Value Estimation
      $880,000
      8,063 SF

      12 8th St

      SHOPPING CENTER, STRIP CENTER • 8,063 SF
      12 8th St, Jacksonville, FL 32206-3656
      View Details
    • Value Estimation by Request
      2,408 SF

      822 A Philip Randolph Blvd

      SHOPPING CENTER, STRIP CENTER • 2,408 SF
      822 A Philip Randolph Blvd, Jacksonville, FL 32206-5776
      View Details
    • Value Estimation
      $1,060,000
      9,745 SF

      1738 Main St

      SHOPPING CENTER, STRIP CENTER • 9,745 SF
      1738 Main St, Jacksonville, FL 32206
      View Details
    • Value Estimation by Request
      2,092 SF

      3304 Main St

      SHOPPING CENTER, STRIP CENTER • 2,092 SF
      3304 Main St, Jacksonville, FL 32206-2129
      View Details

    Similar Nearby for Sale

    • $575,000
      6,688 SF

      Retail Center Near I-95

      Retail center with frontage and traffic, near I-95.
      3500 N Pearl St, Jacksonville, FL 32206
      View Details
    • $399,000
      2,328 SF

      Historic Gem Near Main Street

      Historic property with excellent visibility and design potential.
      101 E 8Th St, Jacksonville, FL 32206
      View Details
    • $270,000
      2,436 SF

      Jacksonville Commercial Property For Sale

      Versatile commercial property with service building and ample parking.
      2215 Phoenix Ave, Jacksonville, FL 32206
      View Details
    • $1,300,000
      8,658 SF

      Jacksonville Auto Body Shop

      Fully operational auto body shop on a corner lot.
      2210 Phoenix Ave, Jacksonville, FL 32206
      View Details
    • Contact for pricing
      1 SF

      Jacksonville Liquor License

      Duval County Quota License - Immediate Sale
      0 Main St, Jacksonville, FL 32206
      View Details
    • $1,300,000

      Operational Auto Body Shop

      Fully operational auto body shop with commercial zoning and easy access.
      2210 Phoenix Ave, Jacksonville, FL 32206
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,190 SF

      Springfield Storefront on N Main

      Retail space in Jacksonville's Historic Springfield neighborhood.
      1720-1728 N Main St, Jacksonville, FL 32206
      View Details
    • $15 SF/Yr
      4,000 SF

      Historic Springfield Retail Gem

      Charming 4,000 sq ft space, fully furnished.
      1602 Walnut St, Jacksonville, FL 32206
      View Details
    • Contact for pricing
      360,000 SF

      Union Terminal Warehouse: Retail Space

      Jacksonville, FL Retail & Restaurant Opportunity
      700 Union St, Jacksonville, FL 32206
      View Details
    • Contact for pricing

      Retail Building in Springfield

      7,428 SF building in revitalizing Springfield neighborhood for lease.
      3801 N Main St, Jacksonville, FL 32206
      View Details
    • $14 SF/Yr
      75,718 SF

      Jacksonville Warehouse Portfolio

      Multiple Units, Flexible Space, Phoenix District
      2320 Liberty St, Jacksonville, FL 32206
      View Details
    • $15 SF/Yr

      Freestanding Building Near Downtown Jacksonville

      Divisible 33,000 SF building on 3-acre lot for rent.
      3333 N Main St, Jacksonville, FL 32206
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    816 A Philip Randolph Blvd
    Jacksonville, FL 32206-5776
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.