18
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5627 GILCHRIST Road
About This Property
Formerly a commercial nursery, the land is now vacant and ready for its next chapter. Zoned RR-ACRE, there's potential for a small residential community of approximately 8-14 homes (buyer to verify density, wetlands, and development requirements). Ideal for a private estate, family compound, or thoughtfully planned residential development.
Located next to an established Methodist church and near retail, parks, and recreation. Convenient to major employment hubs including Amazon facilities, Jacksonville International Airport, and the Jacksonville International Tradeport. A unique opportunity for a buyer with vision to invest in Jacksonville's growing Northside.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2026 | Price Decreased |
$350,000
↓ $50K
(12.5%) | |
| Price Decreased | |||
| Jun 11, 2026 | Price Decreased |
$400,000
↓ $25K
(5.9%) | |
| Price Decreased | |||
| Dec 27, 2025 | Listed by DD HOME REALTY INC | $425,000 | |
| Listed by DD HOME REALTY INC | |||
| Oct 31, 2022 | Sold | ||
| Sold | |||
| Jun 2, 2021 | Listed by DD HOME REALTY INC | $350,000 | |
| Listed by DD HOME REALTY INC | |||
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10.78 acre lot in prime residential growth area. Waterfront views of Small Trout River and a view of Trout Lake, parks, wildlife and country living, all-in-the city. Property used to be a commercial nursery, now vacant land. Already zoned RR-ACRE for single-family dwellings and mobile homes development. The potential exists for a cozy community of approximately eight to fourteen (8-14) homes . Location is next to an established Community Methodist Church, near retail, parks, recreation and residential areas. A famous national home builder is building a residential development nearby.
The property is near major employment hubs of Amazon, Jax International Airport, and Jax International Tradeport. A buyer with vision can either build a housing development for personal or commercial use o o
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About Northwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017