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

    New Berlin Rd Jacksonville, FL 32218

    • Commercial real estate
    • 800 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Apr 16, 2021
    $25,000
    Value Estimations
    $65,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7203764
    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

    • Commercial real estate

    Property Details for New Berlin Rd

    Year built
    1955
    Lot size
    0.23 lot acres
    Property size
    800 SF
    Zone code
    CN
    Property type
    Commercial real estate
    APN
    107971-0000
    APU
    1079710000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $65,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $78,000
      Market price range: $78.0k - $411k
      AI Estimate
      $57,000
      Market price range: $57.4k - $255k

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6247
    Latitude
    30.4665
    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
    $425
    $23,534
    $127
    $23,661
    -
    $23,534
    $127
    $23,661

    Comparable in this City

    • Value Estimation by Request
      637,280 SF

      City Ctr Blvd. & Airport Ctr Dr

      Restaurants • 637,280 SF
      0 City Ctr Blvd. & Airport Ctr Dr, Jacksonville, FL 32218
      View Details
    • Value Estimation by Request

      2926 Leonid Rd

      Office Properties & Spaces
      2926 Leonid Rd, Jacksonville, FL 32218
      View Details
    • Value Estimation by Request

      13303 Ranch Rd

      Land
      13303 Ranch Rd, Jacksonville, FL 32218
      View Details
    • Value Estimation
      $245,000
      0.20 Acres

      117 New Berlin Rd

      COMMERCIAL (GENERAL) • 0.20 Acres
      117 New Berlin Rd, Jacksonville, FL 32218
      View Details
    • Value Estimation
      $250,000
      1,536 SF

      12456 Sago W Ave

      COMMERCIAL (GENERAL) • 1,536 SF
      12456 Sago W Ave, Jacksonville, FL 32218-2624
      View Details
    • Value Estimation by Request
      3.79 Acres

      5202 Dunn Avenue Ter

      Land • 3.79 Acres
      5202 Dunn Avenue Ter, Jacksonville, FL 32218
      View Details

    Similar Nearby for Sale

    • $21,450,000
      256.00 Acres

      North Jacksonville Industrial Land

      256 Acres, Prime Location, $21.45M
      0 Pecan Park Rd And Kite Rd, Jacksonville, FL 32218
      View Details
    • $85,000

      Jacksonville Mixed-Use Investment Opportunity

      13,939 sq ft lot, great development potential.
      2926 Leonid Rd, Jacksonville, FL 32218
      View Details
    • $1,570,000
      1.92 Acres

      Prime Jacksonville Commercial Land

      1.92 Acres, High Traffic, CCG-2 Zoning
      12905 Main St, Jacksonville, FL 32218
      View Details
    • Contact for pricing
      8.50 Acres

      Prime Jacksonville Retail & Land

      8.5 Acres, 370,081 SF, I-95 Access
      435 Clark Rd, Jacksonville, FL 32218
      View Details
    • $340,000
      1,000 SF

      Lem Turner Road Commercial Property

      Jacksonville, FL Commercial Investment
      10420 Lem Turner Rd, Jacksonville, FL 32218
      View Details
    • $385,000
      1,242 SF

      Jacksonville Office & Land Investment

      Prime Medical Office, Expandable Lot
      2762 Dunn Avenue Ter, Jacksonville, FL 32218
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      17,500 SF

      Lady Lake Rd Office Suites

      Jacksonville Office Space: 1,500-8,750 SF
      0 Lady Lake Rd, Jacksonville, FL 32218
      View Details
    • Contact for pricing
      425,000 SF

      JAX Airport Logistics Center

      Class A Industrial Space Available
      14825 Int'l Airport Blvd, Jacksonville, FL 32218
      View Details
    • Contact for pricing
      219,733 SF

      Jacksonville Retail Center Investment

      Prime Jacksonville retail space available.
      3000 Dunn Ave, Jacksonville, FL 32218
      View Details
    • Contact for pricing
      138,000 SF

      Dundas Industrial Park Warehouses

      Three modern warehouses, flexible space.
      440 Dundas Dr, Jacksonville, FL 32218
      View Details
    • Contact for pricing
      194,984 SF

      Imeson Port Center: Modern Manufacturing Space

      195,000 SF Industrial Building, Duval County
      0 Zoo Pkwy, Jacksonville, FL 32218
      View Details
    • Contact for pricing
      2,642 SF

      Jacksonville Airport Property

      Prime Airport Location, High Traffic
      10740 Balmoral Dr, Jacksonville, FL 32218
      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.
    New Berlin Rd
    Jacksonville, FL 32218
    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.