Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2345 Park St St Jacksonville, FL 32204
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2345 Park St St Jacksonville, FL 32204

    View on Map
    • Office properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 2345 Park St St

    Property type
    Office properties & Spaces

    Description

    This exceptional newly constructed office building, located in the desirable Riverside area, offers a single-tenant, 5,308 square foot space. The property sits on a 0.25-acre lot and features three stories. The ground floor comprises two commercial units, with the listed lease price applying only to Unit 1. Unit 1 is ideal for a variety of businesses, including medical practices and law firms. An ADA-compliant ramp ensures easy accessibility. The building is zoned CRO, reflecting its suitability for commercial uses. A second ground floor unit and basement access are available for separate negotiation. The building's single-tenant occupancy provides a unique opportunity for a business seeking a dedicated and modern workspace. The property's location in a highly sought-after Riverside area offers excellent visibility and accessibility. The building's modern design and features, combined with its convenient location, make it an attractive option for businesses seeking a high-quality office space. The Assessor's Parcel Number (APN) is 090944-0000. This is a rare opportunity to secure a prime office space in a thriving location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Clay
    State
    Florida
    Longitude
    -81.6879
    Latitude
    30.3126

    Comparable in this City

    • Value Estimation by Request
      3,434 SF

      1732 Margaret St

      Office properties & Spaces • 3,434 SF
      1732 Margaret St, Jacksonville, FL 32204
      View Details
    • Value Estimation
      $1,880,000
      13,576 SF

      2 Shircliff Way, Unit 3

      CONDOMINIUM OFFICES • 13,576 SF
      2 Shircliff Way, Jacksonville, FL 32204-4753
      View Details
    • Value Estimation
      $1,665,000
      11,697 SF

      2 Shircliff Way, Unit 8

      CONDOMINIUM OFFICES • 11,697 SF
      2 Shircliff Way, Jacksonville, FL 32204-4753
      View Details
    • Value Estimation
      $1,665,000
      12,471 SF

      2627 Riverside Ave, Unit 3

      CONDOMINIUM OFFICES • 12,471 SF
      2627 Riverside Ave, Jacksonville, FL 32204-4717
      View Details
    • Value Estimation by Request
      2,700 SF

      2561 Oak St

      Medical Office Space • 2,700 SF
      2561 Oak St, Jacksonville, FL 32204
      View Details
    • Value Estimation by Request

      1660 Goodwin St

      Office properties & Spaces
      1660 Goodwin St, Jacksonville, FL 32204
      View Details

    Similar Nearby for Sale

    • $1,195,000
      Pending

      Riverside Income-Producing Apartment Building

      Historic Riverside property with income-producing apartments, ideal for investors.
      2114 Oak St, Jacksonville, FL 32204
      View Details
    • $1,150,000

      Riverside Commercial Building For Sale

      4,500 SF building in Jacksonville's vibrant Riverside neighborhood.
      2651 Park St, Jacksonville, FL 32204
      View Details
    • Contact for pricing
      6,942 SF

      Riverside Medical Office Building

      Former medical office building in historic Riverside neighborhood.
      2525 Riverside Ave, Jacksonville, FL 32204
      View Details
    • Contact for pricing

      Riverside Jacksonville Skyscraper Development Site

      High-visibility I-95 location suitable for skyscraper or multifamily development.
      1599 Elder St, Jacksonville, FL 32204
      View Details
    • Contact for pricing
      4,182 SF

      Riverside Freestanding Office Building

      Freestanding office building with signage and gated parking.
      637 Park St, Jacksonville, FL 32204
      View Details
    • $1,825,000
      4,555 SF

      Historic Office Building on River

      Unique office building with historic architectural features and waterfront view.
      2165 River Blvd, Jacksonville, FL 32204
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Riverside Avenue Office Space Available

      Office space available for lease on Riverside Avenue.
      1000 Riverside Ave, Jacksonville, FL 32204
      View Details
    • Contact for pricing

      Riverside Office Space For Lease

      Office space available for lease in the heart of Riverside.
      1732 Margaret St, Jacksonville, FL 32204
      View Details
    • Contact for pricing

      Riverside Freestanding Office Building

      Freestanding office building with signage and gated parking.
      637 Park St, Jacksonville, FL 32204
      View Details
    • Contact for pricing
      5,827 SF

      Move-in Ready Office Space

      Office space featuring private offices, conference room, and ample parking.
      2145 Dennis St, Jacksonville, FL 32204
      View Details
    • $18 SF/Yr

      Riverside Medical Office Space

      Medical office space for lease near Ascension St. Vincent’s Hospital.
      2561 Oak St, Jacksonville, FL 32204
      View Details
    • $25 SF/Yr

      Riverside Avenue Professional Office Building

      Nine-story office building with river views and upscale finishes.
      1000 Riverside Ave, Jacksonville, FL 32204
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2345 Park St St
    Jacksonville, FL 32204
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!