10740 Balmoral DrJacksonville, FL 32218

Property Details for 10740 Balmoral Dr

Year built

1996

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.73 AC

Property size (Sq ft)

602 SF

Zone code

CCG-1

Property type

Retail properties

Property subtype

Banks

APN

044279-0500

APU

442790500

Description

This exceptional special-purpose property, located at 10740 Balmoral Dr, Jacksonville, FL 32218, offers a unique investment opportunity. The single-tenant building encompasses a total of 2,642 square feet situated on a 0.73-acre lot (APN: 044279-0500). Its strategic location at the intersection of Balmoral Drive and Dunn Avenue provides unparalleled visibility and accessibility, benefiting from a combined 82,000 vehicles per day (VPD). The property's versatile design includes 600 square feet of usable office space, perfectly complemented by 2,040 square feet of drive-through access, ideal for various businesses requiring convenient customer interaction. The property is classified as Airport, Drive-through, and Bank, making it suitable for a range of commercial uses. This prime location in Jacksonville, Florida presents a compelling opportunity for investors seeking a high-traffic, easily accessible property with significant potential. The property's size and configuration offer flexibility for a variety of businesses, capitalizing on the high volume of daily traffic. This is a rare chance to acquire a well-positioned commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $141,590

  6.5%

  $130,699

  7%

  $121,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $103,174

  Geo Method

  $103,174

• Alternative Use

  Use

  Valuation

  Residential

  $110,249

  Hospitality

  $100,988

  Educational

  $84,021

  Medical

  $86,910

  Retail

  $130,699

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.4296

Longitude

-81.652

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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