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    Elias Hionides, Atlantic Beach, FL

    License ID: 3246517
    Years of Experience
    13
    Association
    Northeast Florida Association Of Realtors Inc

    Contact details

    Phone:
    (904) 894-6620
    Office Address:
    47 11th St, Atlantic Beach, FL, 32233

    Performance

    Listings
    13
    Total transactions
    34
    Total transactions amount
    $15M
    Price range
    $294k - 662k
    Average price
    $441k

    Listings

    For Sale (3)

    View map
    • $2,970,000
      15,655 SF

      Downtown Southbank Flex/Office Building

      Rare flex/office building on the Downtown Southbank with recent improvements.
      1451 Louisa St, Jacksonville, FL 32207
      View Details
    • $1,795,000
      6,206 SF

      Turn-Key Building on High-Traffic Road

      6,206 SF building on 0.84 acres, ideal for various uses.
      4310 Barkoskie Rd, Jacksonville, FL 32258
      View Details
    • $281,250
      8,213 SF

      San Marco Standalone Property

      High-visibility property in San Marco with redevelopment potential.
      1509 Hendricks Ave, Jacksonville, FL 32207
      View Details

    For Lease (10)

    View map
    • $21 SF/Yr
      7,200 SF

      Renovated Office Space Near Courthouse

      Turn-key office space in historic building, convenient downtown location.
      501 W Bay St, Jacksonville, FL 32202
      View Details
    • $25 SF/Yr
      495 SF

      Retail Space on Mayport Road

      Retail space available in busy shopping center near NS Mayport.
      2440 Mayport Rd, Jacksonville, FL 32233
      View Details
    • $13 SF/Yr
      5,366 SF

      Flex Industrial Unit For Rent

      Flex/Industrial unit with office and warehouse space available for rent.
      6656 Columbia Park Dr, Jacksonville, FL 32258
      View Details
    • $22 SF/Yr
      1,500 SF

      Historic Office Space in Jacksonville

      Beautiful, fully built-out office space near downtown Jacksonville.
      220 E Forsyth St, Jacksonville, FL 32202
      View Details
    • $17 SF/Yr
      1,700 SF

      Turn-Key Retail Space Available

      Retail space in historic building at Main and 8th.
      14-16 W 8Th St, Jacksonville, FL 32233
      View Details
    • Contact for pricing
      5,600 SF

      Historic Springfield Retail Space

      Former Woolworth's in Springfield Historic District with exposed brick.
      1731 N Main St, Jacksonville, FL 32233
      View Details
    • Contact for pricing
      4,951 SF

      Historic Springfield Retail End-Cap Space

      Retail space in Historic Springfield with excellent visibility and parking.
      1300-1310 N Main St, Jacksonville, FL 32202
      View Details
    • Contact for pricing
      5,500 SF

      Turn-Key Bar/Brewery Space Available

      Fully renovated bar/brewery with outdoor patio for rent.
      1740 N Main St, Jacksonville, FL 32202
      View Details
    • Contact for pricing
      12,770 SF

      Turn-Key Bar/Brewery Space Available

      Fully renovated bar/brewery with outdoor patio in Jacksonville, FL.
      1730 N Main St, Jacksonville, FL 32202
      View Details
    • Contact for pricing
      2,455 SF

      New Retail Space with Drive-Thru

      New construction retail space with drive-thru and high visibility.
      8730 Baymeadows Rd, Jacksonville, FL 32256
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

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    Elias Hionides, Atlantic Beach, FL
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    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.

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    Elias Hionides, Atlantic Beach, FL
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