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

    9660 Argyle Frst Blvd Jacksonville, FL 32222-2877

    • Strip malls
    • 8,525 SF
    • 1.25 lot acres
    OFF-MARKET
    Last Sale
    Mar 10, 2025
    $15,960,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7666187
    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

    • Mattress Firm Oakleaf / Mattress Store / Bed Shop
    • Turner Florida Insurance / Life Insurance Agency / Motorcycle Insurance Agency
    • Firehouse Subs Oakleaf / Caterer / Sandwich Shop
    • Starbucks / Coffee Store / Espresso Bar
    • Injury Care Centers Oakleaf / Sports Massage Therapist / Urgent Care Center

    Property Details for 9660 Argyle Frst Blvd

    Year built
    2014
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.25 lot acres
    Property size
    8,525 SF
    Zone code
    PUD
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    016411-4520
    APU
    164114520

    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
    -81.8295
    Latitude
    30.195
    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
    $38,812
    $1,089,000
    $1,138,100
    $2,227,100
    -
    $1,089,000
    $1,138,100
    $2,227,100

    Comparable in this City

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      $325,000
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      9501 Crosshill Blvd

      SHOPPING CENTER, STRIP CENTER • 4,312 SF
      9501 Crosshill Blvd, Jacksonville, FL 32222-5852
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    • Value Estimation
      $305,000
      10,554 SF

      8324 Merchants Way, Unit 9

      SHOPPING CENTER, STRIP CENTER • 10,554 SF
      8324 Merchants Way, Jacksonville, FL 32222-2946
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    • Value Estimation
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      6,000 SF

      9590 Applecross Rd Ste, Unit 102

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
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    • Value Estimation
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      11,880 SF

      9640 Crosshill Blvd

      SHOPPING CENTER, STRIP CENTER • 11,880 SF
      9640 Crosshill Blvd, Jacksonville, FL 32222-5854
      View Details
    • Value Estimation
      $400,000
      6,000 SF

      9504 Crosshill Blvd

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      9504 Crosshill Blvd, Jacksonville, FL 32222-5849
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Jacksonville Land Portfolio: Prime Development Sites

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      6.00 Acres

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      9.82 Acres

      Residential Land in Jacksonville, FL

      9.82 acres of residential land for sale in Jacksonville.
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    • New
      $110,000
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      Buildable Land in Jacksonville, FL

      1.42 acres of unimproved land in a great location.
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    Similar Nearby for Lease

    • Contact for pricing
      28,445 SF

      Regional Shopping Center Space Available

      Open-air shopping center in Oakleaf Town Center for lease.
      9701 Crosshill Blvd, Jacksonville, FL 32222
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      4,157 SF

      Regional Shopping Center Space Available

      750,000 SF open-air shopping center in Jacksonville, Florida.
      9651 Crosshill Blvd, Jacksonville, FL 32222
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      8,400 SF

      OakLeaf Town Center Retail Space

      Retail space available in Jacksonville's OakLeaf Town Center.
      9775 Crosshill Blvd, Jacksonville, FL 32222
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      8,400 SF

      Regional Shopping Center Space Available

      Open-air shopping center with main street element.
      9620 Applecross Rd, Jacksonville, FL 32222
      View Details
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      30,000 SF

      Former Lucky's Market Sublet

      30,000 SF retail space in rapidly growing Jacksonville area.
      8368-8402 Merchants Way, Jacksonville, FL 32222
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    • Contact for pricing
      314,533 SF

      OakLeaf Town Center Retail Space

      Prime Duval County retail, multiple spaces available.
      9525 Crosshill Blvd, Jacksonville, FL 32222
      View Details

    Property Visit Statistics

    • Visits by month
      31.9k
    • Visitors by month
      17.6k
    • Avg Time on site
      10 min
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    9660 Argyle Frst Blvd
    Jacksonville, FL 32222-2877
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    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
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