Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11512 Lk Mead Ave, Unit 524 Jacksonville, FL 32256-9680

    • Office Properties & Spaces
    • 1,442 SF
    • 0.01 lot acres
    OFF-MARKET
    Last Sale
    Jan 15, 2020
    $600,000
    Value Estimations
    $595,000
    Show details
    Cap Rate Potential
    3.5%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US18-4117270
    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

    • First Coast Animal Care / Veterinary Clinic
    • GainsWave Jacksonville / Medical Clinic
    • Dr. Mitra Parsa, DDS / Dental Office
    • Maples Dental (Dr. Maples) / Dental Office
    • Enterprise North Florida Corporation / Physician / Medical Clinic

    Property Details for 11512 Lk Mead Ave

    Year built
    2007
    Construction
    WOOD
    Lot size
    0.01 lot acres
    Property size
    1,442 SF
    Property type
    Office Properties & Spaces
    APN
    167745-8550
    APU
    1677458550

    Description

    This exceptional Class A medical office condo, located at 11512 Lake Mead Ave, Jacksonville, FL 32256, presents a unique investment opportunity. The 2,496 square-foot, single-story building, built in 2007, sits on a 0.06-acre lot within a thriving medical office park. Currently vacant with an occupancy date of September 30, 2024, this fee-simple property offers immediate potential for owner-occupancy or investment. All exam rooms and the break room are fully plumbed, providing a turnkey solution for medical professionals. The property boasts convenient access to major roadways, including I-295 and SR-202, ensuring high visibility and accessibility. Zoned PUD, this property features one unit in a single building. The asking price is $1,200,000, translating to $480.77 per square foot. This prime location in a growing healthcare corridor of Jacksonville offers a strong and steady demand for medical office space, making it an attractive investment for long-term value and potential rental income. The property's APN is 167745-8540, 167745-8535.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $620,000
      ML approach
      $560,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $391,000
      Market price range: $175k - $441k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $365,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5129
    Latitude
    30.2325
    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
    $4,954
    $0.00
    $288,400
    $288,400
    -
    $0.00
    $288,400
    $288,400

    Comparable in this City

    • Value Estimation by Request
      3,993 SF

      9080 Baymeadows Park Dr

      Office space • 3,993 SF
      9080 Baymeadows Park Dr, Jacksonville, FL 32256
      View Details
    • Value Estimation by Request
      24,408 SF

      11755 Palm Bay Pkwy

      Office Properties & Spaces • 24,408 SF
      11755 Palm Bay Pkwy, Jacksonville, FL 32256
      View Details
    • Value Estimation by Request
      1,210 SF

      9050 Cypress Green Dr

      Medical offices • 1,210 SF
      9050 Cypress Green Dr, Jacksonville, FL 32256
      View Details
    • Value Estimation by Request
      2,200 SF

      7807 Baymeadows Rd E Ste, Unit 302

      CONDOMINIUM OFFICES • 2,200 SF
      7807 Baymeadows Rd E Ste, Jacksonville, FL 32256-9667
      View Details
    • Value Estimation
      $820,000
      3,649 SF

      7807 Baymeadows Rd E Ste, Unit 403

      CONDOMINIUM OFFICES • 3,649 SF
      7807 Baymeadows Rd E Ste, Jacksonville, FL 32256-9668
      View Details
    • Value Estimation by Request
      1,778 SF

      7807 Baymeadows Rd E Ste, Unit 404

      CONDOMINIUM OFFICES • 1,778 SF
      7807 Baymeadows Rd E Ste, Jacksonville, FL 32256-9668
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      36,000 SF

      Prime Jacksonville Office Space

      36,000 SF Office Building in Central Jacksonville
      8200 Nations Way, Jacksonville, FL 32256
      View Details
    • $940,000
      3,993 SF

      Jacksonville Office Building: Prime Location

      New Construction, 3,993 sq ft Office
      9080 Baymeadows Park Dr, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      34,200 SF

      Cypress Plaza Office Building

      34,200 SF Office Space in Jacksonville
      8201 Cypress Plaza Dr, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      22,421 SF

      Baymeadows Way Office Buildings

      Two renovated office buildings with long-term government leases.
      7954 Baymeadows Way, Jacksonville, FL 32256
      View Details
    • $525,000
      5,040 SF

      Office Building Near Baymeadows Road

      Office building with multi-tenant and executive office space.
      8421 Baymeadows Way, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      34,200 SF

      Cypress Point Office Building

      Office building in Cypress Point Business Park with lakefront setting.
      8201 Cypress Plaza Dr, Jacksonville, FL 32256
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,408 SF

      Prime Jacksonville Office Space

      New 2-story office building, 24,408 sqft.
      11755 Palm Bay Pkwy, Jacksonville, FL 32256
      View Details
    • $22 SF/Yr
      19,495 SF

      Centurion Plaza Office Suites in Jax

      Jacksonville office space, flexible sizes.
      10245 Centurion Pkwy, Jacksonville, FL 32256
      View Details
    • $150 SF/Yr
      32,578 SF

      Prime Office Space, Perimeter Center

      Jacksonville Office Building, 3,100 SF Available
      8011 Philips Hwy, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      149,000 SF

      Baycenter Commerce Center: Jacksonville

      Flex/Warehouse Space Available in Jacksonville
      8030 Philips Hwy, Jacksonville, FL 32256
      View Details
    • $312 /Mo
      259,744 SF

      Gramercy Woods Executive Office Space

      Prime Jacksonville Office Building, 52,470 SF
      9000 Southside Blvd, Jacksonville, FL 32256
      View Details
    • $24 SF/Yr
      10,059 SF

      Prime Jacksonville Office Space

      Class A Office Suites Available Now
      4655 Salisbury Rd, Jacksonville, FL 32256
      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.
    11512 Lk Mead Ave, Unit 524
    Jacksonville, FL 32256-9680
    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.