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Property profile & analytics
FOR SALE
Office buildings

8301 Cypress Plaza Dr Jacksonville, FL 32256

23,760 SF 9.43 ac lot Built 1989
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US18-3521330
Property summary
AI-generated overview

Cypress Business Center offers 42,945 square feet of prime office space in Jacksonville's desirable Butler/Baymeadows submarket. This two-story building features flexible floor plans ranging from approximately 2,500 to 22,123 square feet, ideal for a variety of businesses. Currently, 27,072 square feet is available, with a minimum divisible space of 4,938 square feet and a maximum contiguous space of 22,134 square feet. The property boasts excellent visibility due to its Philips Highway frontage and features a prominent monument sign and directional signage. Ample parking is provided with a generous ratio of 5.5 spaces per 1,000 square feet. Recent capital improvements totaling $2.539 million include HVAC upgrades ($500,000), roof replacements ($380,000), parking lot improvements ($360,000), a new monument sign ($50,000), and other enhancements ($216,000). Additionally, $1.033 million has been invested in tenant improvements. The building offers separately metered electric, eliminating after-hours HVAC costs, and multiple points of ingress and egress for convenient access. Fanatics, Inc. serves as an anchor tenant. This property presents a unique opportunity for businesses seeking high-quality office space in a central location with significant recent upgrades.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Construction STEEL FRAME
Total area 23,760 SF
Lot 9.43 ac (410,893 SF)
Zoning code PUD
APN 152577-1025
UPID US18-3521330
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lease A Sales Rep Business Service Center
  • First Christian Preschool High School Daycare Center
  • Aqua Marketing Group Inc. Advertising Agency Marketing & Advertising
  • Hazlnut (Bike/Boat/Book/etc) Store Corporate Office
  • Remedy Intelligent Staffing Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$6.97M
CAP Approach CAP
$5.46M
Comparable Approach Comparable
$7.06M
Blend (final) Blend
$6.99M
Owner & transaction history
CYPRESS JACK LLC · 6 yrs held
CYPRESS JACK LLC
since 2020
Last sale
$8.0M
1 recorded transaction
2020
$8.0M
Zoning & alternative use
PUD · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

or other districts shall apply to those portions of a Planned Unit Development (PUD) which are devoted to uses permitted in these respective districts, unless specifically provided otherwise in the written description of the intended plan of development. (Ord. 91-59-148, § 1; Ord. 91-761-410, § 1; Ord. 2008-969-E, § 1; Ord. 2014-279-E,

Zone name Planned Unit Development
General category PLANNED_DEVELOPMENT
Zone area 138,142.68 ac
Source Zoning Ordinance
Top alternative use upside
Commercial (general) $6.0M +19.4%
Medical building $5.4M +8.2%
Auto repair, garage $5.1M +1.0%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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