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

    9703 Lem Turner Rd Jacksonville, FL 32208-1563

    • Specialty properties
    • 8,335 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3846418
    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

    • Loyal Order of Moose 2134 / Non-Profit Organization

    Property Details for 9703 Lem Turner Rd

    Year built
    1957
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.57 lot acres
    Property size
    8,335 SF
    Zone code
    RLD-60
    Property type
    Specialty properties
    APN
    029639-0010
    APU
    296390010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $317,000
      Market price range: $318k - $790k

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6927
    Latitude
    30.4143
    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
    $2,202
    $65,213
    $244,082
    $309,295
    -
    $65,213
    $244,082
    $309,295

    Comparable in this City

    • Value Estimation
      $255,000
      5,600 SF

      7400 Buffalo Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 5,600 SF
      7400 Buffalo Ave, Jacksonville, FL 32208-4922
      View Details
    • Value Estimation
      $235,000
      1,362 SF

      810 44th St

      FUNERAL HOME • 1,362 SF
      810 44th St, Jacksonville, FL 32208-5016
      View Details
    • Value Estimation
      $255,000
      6,580 SF

      8865 1st Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 6,580 SF
      8865 1st Ave, Jacksonville, FL 32208-2688
      View Details
    • Value Estimation
      $685,000
      6,310 SF

      1426 Rowe Ave

      FUNERAL HOME • 6,310 SF
      1426 Rowe Ave, Jacksonville, FL 32208-3204
      View Details
    • Value Estimation
      $210,000
      3,165 SF

      5065 Soutel Dr

      FUNERAL HOME • 3,165 SF
      5065 Soutel Dr, Jacksonville, FL 32208-1863
      View Details
    • Value Estimation by Request
      39,102 SF

      91 Trout River Dr

      Marinas • 39,102 SF
      91 Trout River Dr, Jacksonville, FL 32208
      View Details

    Similar Nearby for Sale

    • $499,000

      Versatile Property on Spacious Grounds

      Adaptable building and land suitable for various uses.
      2220 Soutel Dr, Jacksonville, FL 32208
      View Details
    • $60,000
      Pending

      Cleared Lot in Ollie Villa

      Cleared 0.43-acre lot ready for new construction in Jacksonville.
      9168 Jackson Ave, Jacksonville, FL 32208
      View Details
    • $250,000
      0.33 Acres

      Land Lot in Jacksonville

      Land for sale in Jacksonville's Northside near Trout River.
      6Th Ave, Jacksonville, FL 32208
      View Details
    • Contact for pricing
      0.33 Acres

      Wooded Lot Near Downtown

      0.33 acre wooded lot close to downtown Jacksonville.
      Hilly Rd, Jacksonville, FL 32208
      View Details
    • $850,000

      Lem Turner Road Development Opportunity

      0.85 acre commercial land near I-295, Jacksonville, FL.
      Lem Turner Rd, Jacksonville, FL 32208
      View Details
    • Contact for pricing

      Land For Sale Jacksonville

      Land available for purchase in Jacksonville, Florida.
      Mary Rose Ln, Jacksonville, FL 32208
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,161 SF

      Retail Space Near I-95

      Retail space available near I-95 in Jacksonville, Florida.
      5238 Norwood Ave, Jacksonville, FL 32208
      View Details
    • Contact for pricing
      8,920 SF

      Retail Space Near I-95

      Retail space available near I-95 in Jacksonville, Florida.
      5108 Norwood Ave, Jacksonville, FL 32208
      View Details
    • Contact for pricing
      110,894 SF

      Gateway Town Center Retail Space

      Jacksonville, FL Shopping Center - 110,894 SF Available
      5320 Norwood Ave, Jacksonville, FL 32208
      View Details
    • Contact for pricing
      29,000 SF

      Retail Space in Gateway Town

      Retail space for lease in revitalizing Gateway Town Center.
      5290 Norwood Ave, Jacksonville, FL 32208
      View Details
    • $12 SF/Yr
      7,500 SF

      Flex Space with Outdoor Storage

      7,500 SF flex space with warehouse and outdoor storage.
      1346 Gandy St, Jacksonville, FL 32208
      View Details
    • Contact for pricing
      119,303 SF

      Retail Space in Gateway Center

      Inline retail space in a revitalizing Jacksonville town center.
      5156 Norwood Ave, Jacksonville, FL 32208
      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.
    9703 Lem Turner Rd
    Jacksonville, FL 32208-1563
    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.