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    Property profile & analytics

    1000 Riverside Ave Jacksonville, FL 32204

    • Office buildings
    • 80,673 SF
    • 1.17 lot acres
    For Lease
    View listing
    $25 SF/Yr
    Last Sale
    Jun 23, 2022
    $11,000,000
    Value Estimations
    $9,455,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3003654
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Summit Tower / General Contractor
    • GHG Insurance / Auto Insurance Agency / Home Insurance Agency
    • Corner Lot Development Group / Real Estate Developer
    • Blackard Jr William R / Attorney
    • Joseph Poletto, Realtor®️, Keller Williams Jacksonville Realty / Real Estate Agent

    Property Details for 1000 Riverside Ave

    Year built
    1963
    Construction
    CONCRETE
    Lot size
    1.17 lot acres
    Property size
    80,673 SF
    Zone code
    PUD
    Property type
    Office buildings
    APN
    090198-0000
    APU
    901980000

    Description

    This exceptional Class A office building, located at 1000 Riverside Ave, Jacksonville, FL 32204, offers 72,000 square feet of versatile space across nine stories. Situated on a 1.89-acre corner lot with convenient access to Post Street, this property boasts a prime location in the desirable Riverside submarket of Duval County. Built in 1963 and extensively renovated in 2015, the building provides modern amenities within a classic architectural setting. The property is zoned PUD and features a single building with ample parking for 163 vehicles. Multiple tenancy options are available, ranging from 262 square feet to 2,700 square feet, catering to a variety of business needs. The building's flexible design accommodates executive, traditional, and creative office spaces, making it an ideal location for diverse businesses. This exceptional property presents a unique opportunity to establish a presence in one of Jacksonville's most sought-after areas. Inquire today to explore leasing options and secure your space in this prestigious Riverside office building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,220,000
      ML approach
      $7,660,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,760,000
      Market price range: $8.46M - $25.0M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6783
    Latitude
    30.3141
    CBSA code
    27260
    CBSA name
    JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $153,829
    $1,249,075
    $7,266,525
    $8,515,600
    -
    $1,249,075
    $7,266,525
    $8,515,600

    Comparable in this City

    • Value Estimation
      $300,000
      7,305 SF

      725 Peninsular Pl

      OFFICE BUILDING • 7,305 SF
      725 Peninsular Pl, Jacksonville, FL 32204-2935
      View Details
    • Value Estimation
      $315,000
      1,385 SF

      150 Stockton St

      OFFICE BUILDING • 1,385 SF
      150 Stockton St, Jacksonville, FL 32204-1736
      View Details
    • Value Estimation
      $355,000
      9,802 SF

      630 Adams St

      OFFICE BUILDING • 9,802 SF
      630 Adams St, Jacksonville, FL 32204-1645
      View Details
    • Value Estimation
      $2,715,000
      52,476 SF

      751 Oak St

      OFFICE BUILDING (MULTI-STORY) • 52,476 SF
      751 Oak St, Jacksonville, FL 32204-3359
      View Details
    • Value Estimation
      $315,000
      6,471 SF

      2105 Park St

      OFFICE BUILDING • 6,471 SF
      2105 Park St, Jacksonville, FL 32204-3871
      View Details
    • Value Estimation
      $280,000
      2,890 SF

      2037 Gilmore St

      OFFICE BUILDING • 2,890 SF
      2037 Gilmore St, Jacksonville, FL 32204-3209
      View Details

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      Historic Five Points Commercial Space

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    • $494,000

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    Similar Nearby for Lease

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      Riverside Office Building For Rent

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      View Details
    • $25 SF/Yr
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      Corner Lot Office Building in Riverside

      Prestigious Riverside Office Space Available
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      Riverside Creative Office Space

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    • $18 SF/Yr
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      Riverside Medical Office Space

      Medical office space for lease near Ascension St. Vincent’s Hospital.
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      View Details
    • $20 SF/Yr
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      Move-in Ready Office Space

      Office space featuring private offices, conference room, and ample parking.
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    • $18 SF/Yr
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      Riverside Avenue Office Space

      Historic Riverside Office Building, Suites Available
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      View Details
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    Jacksonville, FL 32204
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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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