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Property profile & analytics
OFF-MARKET
Commercial real estate

845 New Berlin Rd Jacksonville, FL 32218

Built 1952
Property ID
US18-3255579
Property summary
AI-generated overview

This exceptional 1.26-acre mixed-use property in Jacksonville, Florida, presents a compelling redevelopment opportunity. Located at 845 New Berlin, zip code 32218, this property boasts a 54,885.6 square foot lot and a single-family home currently occupied by tenants who will vacate upon closing. The property's zoning is a blend of commercial (CO) on the southern portion and residential (RLD-60) on the northern portion, offering considerable flexibility. Its strategic location provides convenient access to key areas, including less than 10 minutes from River City Marketplace and under 15 minutes from Jacksonville International Airport. The existing structure offers the potential for continued rental income or demolition to make way for new construction. The property is being offered at $399,000. The single-story building was constructed in 1952. Prospective buyers are responsible for conducting their own due diligence regarding acreage, land use, zoning, potential wetlands, flood plains, and other relevant factors. The seller makes no representations regarding these aspects. Similar properties in the area have successfully been rezoned for multifamily development and various other commercial uses, suggesting significant potential for future development.

Property profile
Verified
Property type Commercial real estate
Year built 1952
UPID US18-3255579
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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