Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    940 Cesery Blvd Jacksonville, FL 32211-5608

    • Specialty properties
    • 8,206 SF
    • 1.35 lot acres
    OFF-MARKET
    Last Sale
    May 26, 2024
    $1,200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0374169
    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

    • Corey-Kerlin Funeral Homes & Crematory / Funeral Home / Cremation Service
    • John Hancock / Insurance Agency

    Property Details for 940 Cesery Blvd

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.35 lot acres
    Property size
    8,206 SF
    Zone code
    CCG-1
    Property type
    Specialty properties
    APN
    136277-0000
    APU
    1362770000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5974
    Latitude
    30.33
    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
    $9,045
    $205,822
    $261,274
    $467,096
    -
    $205,822
    $261,274
    $467,096

    Comparable in this City

    • Value Estimation
      $295,000
      13,298 SF

      6523 Commerce St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 13,298 SF
      6523 Commerce St, Jacksonville, FL 32211-5441
      View Details
    • Value Estimation
      $155,000
      3,859 SF

      1537 Ml Crk Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,859 SF
      1537 Ml Crk Rd, Jacksonville, FL 32211-4449
      View Details
    • Value Estimation by Request

      1434 Bernita St

      Marinas
      1434 Bernita St, Jacksonville, FL 32211
      View Details
    • Value Estimation
      $270,000
      2,982 SF

      5758 Commerce St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,982 SF
      5758 Commerce St, Jacksonville, FL 32211-5331
      View Details
    • Value Estimation
      $250,000
      360 SF

      1430 Sprinkle Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 360 SF
      1430 Sprinkle Dr, Jacksonville, FL 32211
      View Details
    • Value Estimation
      $245,000
      5,325 SF

      191 Pecan St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 5,325 SF
      191 Pecan St, Jacksonville, FL 32211-7838
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Specialty Property For Sale

      Specialty property available for purchase in Jacksonville, Florida.
      6830 Atlantic Blvd, Jacksonville, FL 32211
      View Details
    • $1,200,000
      5,549 SF

      Arlington Expressway Center: Prime Investment

      Jacksonville Flex Space, High NOI
      5951 Arlington Expy, Jacksonville, FL 32211
      View Details
    • $290,000

      Jacksonville Commercial Corner Lot

      Prime Duval County location, CCG-2 zoning.
      1434 Bernita St, Jacksonville, FL 32211
      View Details
    • $50,000
      628 SF

      Established Car Lot For Sale

      Operating used car lot and rental business on busy street.
      9005 Atlantic Blvd, Jacksonville, FL 32211
      View Details
    • Contact for pricing
      810 SF

      NNN Ground Lease Opportunity

      Corporate guaranteed NNN ground lease drive-thru property for sale.
      7504 Atlantic Blvd, Jacksonville, FL 32211
      View Details
    • $3,844,356
      11,010 SF

      Freestanding CVS in Jacksonville, FL

      Single tenant CVS with absolute NNN lease in Jacksonville.
      7431 Atlantic Blvd, Jacksonville, FL 32211
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,166 SF

      Retail Building on Atlantic Blvd

      Freestanding retail building with high traffic exposure and ample parking.
      9100 Atlantic Blvd, Jacksonville, FL 32211
      View Details
    • $1,200 /Mo
      1,576 SF

      Jacksonville Commercial Office Space Available

      Office space for rent featuring multiple offices, waiting room, and bathroom.
      7308 Atlantic Blvd, Jacksonville, FL 32211
      View Details
    • $14 SF/Yr
      1,569 SF

      Spacious Office with Natural Light

      1551 sqft office space with modern amenities and open layout.
      1924 University Blvd W, Jacksonville, FL 32211
      View Details
    • $13 SF/Yr
      18,000 SF

      Jacksonville Industrial Unit 203

      Flex Space, 1,800 SF Available
      7949 Atlantic Blvd, Jacksonville, FL 32211
      View Details
    • Contact for pricing
      1,750 SF

      Southside Flex Space Near I-295

      Multi-tenant industrial units with office, warehouse, and drive-in bay.
      8511-8531 Alton Ave, Jacksonville, FL 32211
      View Details
    • $4 SF/Yr
      7,000 SF

      Office Space on Arlington Expy

      7,000 SF office space available for rent.
      6620 Arlington Expy, Jacksonville, FL 32211
      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.
    940 Cesery Blvd
    Jacksonville, FL 32211-5608
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.