5951 Arlington ExpyJacksonville, FL 32211

Property Details for 5951 Arlington Expy

Year built

1969

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.91 AC

Property size (Sq ft)

5,190 SF

Zone code

CCG-2

Property type

Office properties

Property subtype

Office buildings

APN

136567-0000

APU

1365670000

Description

This exceptional mixed-use property, located at 5951 Arlington Expressway in Jacksonville, Florida, presents a compelling investment opportunity. The 5,549 square foot property, situated on a 0.96-acre lot, comprises two buildings and offers a blend of auto shop and storefront space, classified as a Class C property with CCG2 zoning. Built in 1965 and renovated in 1994, the property boasts 100% occupancy with a single tenant under a lease expiring January 31, 2026. The current Net Operating Income (NOI) stands at $58,053, yielding a 4.84% cap rate, and the asking price is $1,200,000 ($216.26 per square foot). The property benefits from high visibility and a central location, ideally situated to serve Arlington, Southside, the beaches, and downtown Jacksonville. The existing lease includes a landlord's right to terminate to avoid auto-renewal, requiring notice to the tenant by October 31, 2025. This presents a potential for future redevelopment or renovation upon tenant vacancy. The fenced lot adds to the property's versatility and appeal. This is a stable investment with a consistent NOI and the possibility of rent increases in 2025.

• CAP approach

  CAP return

  Valuation

  6%

  $785,952

  6.5%

  $725,494

  7%

  $673,673

• Comparable approach

  Method

  Valuation

  Relative Method

  $352,972

  Geo Method

  $352,972

• Alternative Use

  Use

  Valuation

  Residential

  $899,613

  Hospitality

  $824,040

  Educational

  $685,592

  Medical

  $709,170

  Retail

  $1,066,476

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3279

Longitude

-81.5975

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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