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Property profile & analytics
FOR LEASE
Office buildings
4500 Salisbury Rd, Jacksonville, FL 32216
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US19-0859562
For Lease
$20 SF/Yr
4500 Salisbury Rd, Jacksonville, FL 32216
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Property summary
AI-generated overview
Butler Pointe, located at 4500 Salisbury Road in Jacksonville, Florida, 32216, offers exceptional office space in the Southside/Butler/Baymeadows submarket. This Class A, single five-story building boasts a total of 157,040 square feet, providing flexibility for businesses of various sizes. The property features eight elevators for convenient access to all floors. Multiple tenancy options are available, with spaces ranging from a minimum of 531 square feet to a maximum contiguous space of 19,152 square feet, catering to a wide range of needs. Built in 1986, the building is well-maintained and offers ample parking with 812 spaces. The property is zoned CCG-1, ensuring compliance with local regulations. Its convenient location in the thriving Southside/Butler/Baymeadows area provides easy access to major roadways, amenities, and a skilled workforce. This is an excellent opportunity to secure high-quality office space in a desirable Jacksonville location. Contact us today to learn more about available suites and lease terms.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1986
Construction
CONCRETE
Total area
169,328 SF
Lot
8.06 ac (351,123 SF)
Zoning code
CCG-1
APN
152854-0200
UPID
US19-0859562
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
-
Regency Electric Co Inc Electrical Service General Contractor
-
Your software development company (Bike/Boat/Book/etc) Store Corporate Office
-
Tideworks Technology, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
PHB Transport Trucking Company
-
St. Johns Investment Management Company, LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.98M
Blend (final)
Blend
$18.98M
Owner & transaction history
Acorn Butler Pointe LLC · 10 yrs held
Acorn Butler Pointe LLC
since 2015
2 recorded transactions
Zoning & alternative use
CCG-1 · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jacksonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jacksonville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$30,655,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$18.98M
Range $17.08M – $20.87M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$112 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$250,928
Tax year 2023
Assessed value
$13,702,400
Assessed 2023
Previous assessed
$13,855,600
-1.1% YoY
Effective rate
1.83%
On assessed value
Assessed land
$2,106,564
Assessed improvement
$11,595,836
Land market value
$2,106,564
Improvement market value
$11,595,836
Total market value
$13,702,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1986
Construction
CONCRETE
Heating
FORCED AIR
Cooling
AC.CHILLED WATER
Stories
5
Units
1
Rooms
1
Bathrooms
126
Total area
169,328 SF
Lot
8.06 ac (351,123 SF)
Zoning code
CCG-1
APN
152854-0200
UPID
US19-0859562
Jurisdiction
DUVAL
Zoning & alternative use
CCG-1 · Jacksonville, FL
Zoning CCG-1 · permitted uses
CCG-1 · Jacksonville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jacksonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$30.7M
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
5
Units
1
Rooms
1
Bathrooms
126
Lot
8.06 ac
Current owner
From public records · entity-resolved
Acorn Butler Pointe LLC
Entity
Mailing address
4500 SALISBURY RD #420, JACKSONVILLE, FL 32216-0959
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2015
$12,000,000
Acorn Butler Pointe LLC
Butler Pointe Operating Associates
Special Warranty Deed
$9,600,000 · Wells Fargo Bank NA
Jun 20, 2007
$24,300,000
Butler Pointe Operating Assocs
Bp Graham LLC
Deed Of Trust
$18,225,000 · Hsh Nordbank Ag
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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