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    12276 SAN JOSE Boulevard unit 718 Jacksonville, FL 32223

    View on Map
    For Lease
    $5,015 /Mo

    COMMERCIAL - Jacksonville, FL

    Type:Office
    Property size:
    2,706 SF
    Lot size:
    0.01 Acres
    Added:
    Jan 17, 2025
    Days on Market:
    439
    Last Refresh:
    Apr 1 at 4:06 am

    Property Features for 12276 SAN JOSE Boulevard unit 718

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Accessibility
    Accessible Elevator Installed
    Standard status
    Active
    APN
    158183-0015
    Size
    2,706 SF
    Lot size
    0.01 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    241957

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2007

    We can help!

    Listing Contact
    CHRISTINA WELCH

    Listing agent CHRISTINA WELCH

    Listing office KELLER WILLIAMS ST JOHNS 45 Durbin Pavillion Dr Suite 101, St Johns, FL

    Listing date Jan 17, 2025

    MLS# 2065326

    Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Class A Office Park Space

    Located in the South Mandarin market of Jacksonville, the Jaxoffices Professional Business Park comprises seven Class A buildings. The park accommodates a diverse range of businesses, including call centers, financial institutions, insurance agencies, real estate firms, and medical practices such as family medicine, allergists, audiologists, podiatrists, and dental services. The location serves a large business community, offering a convenient commute for residents of North St. Johns County and Mandarin, with a readily available white-collar support staff in the surrounding area. On-site amenities include restaurants and other services. A JTA park and ride bus stop is located on San Jose Boulevard, half a block from the office park. The property is situated 2 miles south of I-295 on San Jose Boulevard in Mandarin, providing convenient access to Julington Creek and North St. Johns County. Over 1000 employees are currently located in the business park, with further expansion planned. The available space is suitable for office and medical tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Markair, Inc. Factory Advantus Corp. Industrial Manufacturer Closers' Choice (Bike/Boat/Book/etc) Store Autoscribe Corporation (Bike/Boat/Book/etc) Store Global Logistics of America Freight Service

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.633519
    Latitude
    30.145832

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    FAQs

    What type of property is this?
    Office units - Professional medical and office park in South Mandarin, Jacksonville.
    Where is this office units located?
    The property is located at 12276 SAN JOSE Boulevard unit 718 Jacksonville, FL.
    What is the lease rate?
    The lease rate is $5,015 /Mo.
    What are key features of this property?
    This property features: Class "A" Professional Medical and Office Park in South Mandarin.; Located 2 miles south of I‑295 on San Jose Blvd, convenient to Julington Creek and north St. Johns County.; On‑site restaurants and services.
    (904) 404-1640
    We can help!
    Listing Contact
    CHRISTINA WELCH
    Learn More
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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.

    More about this property
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