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    1200 Riverplace Blvd Jacksonville, FL 32207

    Sponsored
    For Lease
    $24 SF/Yr

    Class A Office, 802-50,000 SF

    Lot size:
    200,627 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    This exceptional Class A office building at 1200 Riverplace Boulevard offers 200,627 square feet of premium office space in a highly desirable location. The property, built in 1985 and extensively renovated in 2017, features a striking 5-story atrium overlooking a pedestrian plaza. The unique architectural design incorporates precast concrete panels and bronze-tinted, double-pane windows. Multiple tenancy options are available, ranging from a minimum of 802 square feet to a maximum contiguous space of 50,000 square feet. On-site amenities include a full-service deli, a newly renovated fitness center, a common area conference center, banking facilities, and retail services. Security is paramount with 24/7 closed-circuit monitoring, card access after hours, and regular courtesy patrols. A 6-story adjacent parking garage with a covered walkway provides convenient parking. The building boasts unparalleled access to major transportation arteries, including I-10 and I-95, the Main Street Bridge, and the Acosta Bridge. The JTA Skyway is readily accessible via the Riverplace transit stop. This prime location is surrounded by a vibrant mix of high-rise offices, residential neighborhoods, hotels, restaurants, and retail establishments. The property sits on a 1.92-acre lot (83,635 square feet), encompassing a single 10-story building, zoned CCG-1.

    Property Features for 1200 Riverplace Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    200,627 SF
    Class
    A
    Total Rate
    401254

    Building Details

    Year Built/Renovated
    1985/2017
    Buildings
    1
    Stories
    10

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    10,529 SF
    Rate per SF
    $24
    Space
    3rd Floor
    Size
    20,208 SF
    Rate per SF
    $24
    Space
    4th Floor
    Size
    16,106 SF
    Rate per SF
    $24
    Space
    5th Floor
    Size
    9,018 SF
    Rate per SF
    $24
    Space
    7th Floor
    Size
    2,777 SF
    Rate per SF
    $24
    Space
    10th Floor
    Size
    20,518 SF
    Rate per SF
    $24
    Space
    1st Floor
    Size
    4,000 SF
    Rate per SF
    $24
    Space
    6th Floor
    Size
    2,812 SF
    Rate per SF
    $24
    Space
    8th Floor
    Size
    802 SF
    Rate per SF
    $24

    We can help!

    Listing Contact
    Bryan Bartlett
    Bryan Bartlett

    Learn more

    Property Insight Report

    HighLights

    • Class A, 10‑story office building totaling 200,627 square feet.
    • Spaces available from 802 to 50,000 contiguous square feet.
    • Building features a dramatic 5‑story atrium and unique architectural design with precast concrete and bronze‑tinted windows.
    • On‑site amenities include a deli, fitness center, conference center, banking, and retail.
    • 24/7 security with closed‑circuit monitoring and card access.
    • Adjacent 6‑story parking garage with covered walkway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Korn & Zehmer, P.A. Legal Services Sussman, Johnson & Alvarez ... Law Firm Dr. Patricia Gilford Family Practice Physician Kent John B Attorney Geosyntec Consultants Consultant

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6583422
    Latitude
    30.3181065

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, 802-50,000 SF
    Where is this office property / space located?
    The property is located at 1200 Riverplace Blvd Jacksonville, FL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Class A, 10-story office building totaling 200,627 square feet.; Spaces available from 802 to 50,000 contiguous square feet.; Building features a dramatic 5-story atrium and unique architectural design with precast concrete and bronze-tinted windows.
    Request Owner's contact information
    1200 Riverplace Blvd Jacksonville, FL 32207
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    Jacksonville, FL 32207
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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
    1200 Riverplace Blvd Jacksonville, FL 32207
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    We can help!
    Listing Contact
    Bryan Bartlett
    Bryan Bartlett
    Real Estate License ID: SL682389
    Learn more
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