Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    831 1St Ave N Jacksonville Beach, FL 32250

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    831 1St Ave N Jacksonville Beach, FL 32250

    View on Map
    • Turn key restaurants
    • 9,345 SF
    • 0.66 lot acres
    For Sale
    $7,400,000
    View Listing →
    Oceanfront Redevelopment Opportunity For Sale
    $7,400,000
    11,491 SF

    Oceanfront Redevelopment Opportunity

    Oceanfront property in Jacksonville Beach suitable for redevelopment or multiple uses.

    831 1st St N, Jacksonville Beach, FL 32250
    View Listing
    Property ID
    US18-5998508
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 831 1St Ave N

    Year built
    1957
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.66 lot acres
    Property size
    9,345 SF
    Zone code
    JC-1
    Property type
    Turn key restaurants
    APN
    174334-0010
    APU
    1743340010

    Description

    This exceptional 0.66-acre oceanfront property in Jacksonville Beach, Florida, presents a remarkable redevelopment opportunity. Located at 831 1st St N, this fee-simple owned site boasts a 11,491 square foot, two-story building constructed in 1957 and renovated in 2022. Currently vacant with an occupancy date of October 31, 2024, the property is zoned JC-1, allowing for a maximum 85% lot coverage, building heights up to 35 feet, and a gross floor area of up to 50,000 square feet. The existing structure, currently configured as a two-unit building, offers flexibility for various uses, including upscale restaurant, multi-tenant commercial space, or complete redevelopment into multi-family, condominium, or hospitality ventures. The property's prime location within a densely populated area with high commercial and residential demand, coupled with the recent influx of new national retail tenants and the presence of Margaritaville, ensures significant potential for substantial returns. The asking price is $7,400,000, translating to $643.98 per square foot. This is a rare chance to acquire a significant oceanfront parcel in a thriving Florida market. The APN is 1743340010.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,480,000
      ML approach
      $4,475,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,195,000
      Market price range: $2.08M - $7.55M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville Beach
    County
    Duval
    State
    Florida
    Longitude
    -81.3907
    Latitude
    30.2966
    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
    $79,958
    $1,812,070
    $2,472,930
    $4,285,000
    -
    $1,812,070
    $2,472,930
    $4,285,000

    Comparable in this City

    • Value Estimation by Request
      4,158 SF

      216 11th S Ave

      RESTAURANT • 4,158 SF
      216 11th S Ave, Jacksonville Beach, FL 32250-6530
      View Details
    • Value Estimation
      $580,000
      10,520 SF

      111 Bch Blvd

      RESTAURANT • 10,520 SF
      111 Bch Blvd, Jacksonville Beach, FL 32250-6814
      View Details
    • Value Estimation
      $580,000
      7,243 SF

      9 3rd N St

      RESTAURANT • 7,243 SF
      9 3rd N St, Jacksonville Beach, FL 32250-6930
      View Details
    • Value Estimation
      $625,000
      8,032 SF

      15 1st S St

      RESTAURANT • 8,032 SF
      15 1st S St, Jacksonville Beach, FL 32250
      View Details
    • Value Estimation
      $2,030,000
      3,907 SF

      314 1st N St

      RESTAURANT • 3,907 SF
      314 1st N St, Jacksonville Beach, FL 32250-6909
      View Details
    • Value Estimation by Request
      5,323 SF

      1700 3rd S St

      RESTAURANT • 5,323 SF
      1700 3rd S St, Jacksonville Beach, FL 32250-4011
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,491 SF

      Oceanfront Redevelopment Opportunity

      Oceanfront property in Jacksonville Beach suitable for redevelopment or multiple uses.
      831 1St Ave N, Jacksonville Beach, FL 32250
      View Details
    • $450,000
      Pending

      Thriving Salon Space in Jacksonville

      Turnkey hair salon with rental income potential in Jacksonville Beach.
      1401 Penman Rd, Jacksonville Beach, FL 32250
      View Details
    • Contact for pricing
      1,688 SF

      Commercial Property in Jacksonville Beach

      Commercial property in a high-traffic area of Jacksonville Beach.
      815 3Rd St N, Jacksonville Beach, FL 32250
      View Details
    • Contact for pricing
      7,193 SF

      Jacksonville Beach Retail Building

      Retail building in the heart of Jacksonville Beach.
      240 3Rd Ave S, Jacksonville Beach, FL 32250
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,214 SF

      Beach Boulevard Retail/Office Opportunity

      Retail and office spaces available near Jacksonville Beach.
      1500 Beach Blvd, Jacksonville Beach, FL 32250
      View Details
    • Contact for pricing

      Retail Space Near Jacksonville Beach

      Retail and restaurant spaces available near Jacksonville Beach.
      525 3Rd St N, Jacksonville Beach, FL 32250
      View Details
    • Contact for pricing

      Premier Rooftop Restaurant Space

      Rooftop restaurant space in high-traffic Jacksonville Beach location.
      1198 Beach Blvd, Jacksonville Beach, FL 32250
      View Details
    • Contact for pricing

      Premier Rooftop Restaurant Space

      Rooftop restaurant space in high-traffic Jacksonville Beach location.
      1198 Beach Blvd, Jacksonville Beach, FL 32250
      View Details
    • Contact for pricing

      Freestanding Restaurant Space Available

      Second-generation restaurant space with high visibility and strong traffic counts.
      3760 3Rd St S, Jacksonville Beach, FL 32250
      View Details
    View Listing
    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.
    831 1St Ave N
    Jacksonville Beach, FL 32250
    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

    Thank You for Inquiry

    831 1St Ave N, Jacksonville Beach, FL, 32250

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!