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    11705 San Jose Blvd Jacksonville, FL 32223
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    Property profile & analytics

    11705 San Jose Blvd Jacksonville, FL 32223

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    • Medical Office Space
    • 76,124 SF
    • 4.96 lot acres
    For Lease
    $9,815,000
    View Listing →
    Office Suites Available for Lease For Lease
    $9,815,000
    8,480 SF

    Office Suites Available for Lease

    Office suites available for lease in Jacksonville, Florida.

    11705 San Jose Blvd, Jacksonville, FL 32223
    View Listing
    Property ID
    US18-8357603
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Shelby Switzer / Physician
    • Dr. Harsh Dangaria / Physician
    • Michele Hargreaves / Physician
    • Dustin Lang / Physician
    • Mary Schuh / Physician

    Property Details for 11705 San Jose Blvd

    Year built
    1995
    Construction
    STEEL FRAME
    Lot size
    4.96 lot acres
    Property size
    76,124 SF
    Zone code
    PUD
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    158882-0040
    APU
    1588820040

    Description

    Medical Merchant Plaza, located at 11705 San Jose Blvd, Jacksonville, FL 32223, offers flexible medical office space for lease. This two-story building provides multiple tenancy options, with the smallest divisible unit at 1,231 square feet and the largest contiguous space totaling 8,480 square feet. The first floor features two available suites: Suite 107 (1,231± sq ft) and Suite 108 (1,829± sq ft), which can be combined for a total of 3,060± sq ft. The second floor offers several options including Suite 202 (1,587± sq ft), and three larger suites: Suite A (3,870± sq ft), Suite B (4,610± sq ft), and Suite C (3,732± sq ft). Suites A and B on the second floor can be combined to create a large 8,480± sq ft space. This Duval County property is ideally situated for medical practices seeking convenient and versatile office accommodations. The building is located in a prime location within Jacksonville, offering easy access to major roadways and amenities. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional medical office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $16,235,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6313
    Latitude
    30.1584
    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
    $136,555
    $1,184,559
    $10,724,341
    $11,908,900
    -
    $1,184,559
    $10,724,341
    $11,908,900

    Comparable in this City

    • Value Estimation
      $505,000
      2,402 SF

      11528 San Jose Blvd

      MEDICAL BUILDING • 2,402 SF
      11528 San Jose Blvd, Jacksonville, FL 32223-7237
      View Details
    • Value Estimation
      $625,000
      4,331 SF

      12311 San Jose Blvd

      MEDICAL BUILDING • 4,331 SF
      12311 San Jose Blvd, Jacksonville, FL 32223-2673
      View Details
    • Value Estimation
      $1,810,000
      5,928 SF

      12110 San Jose Blvd

      MEDICAL BUILDING • 5,928 SF
      12110 San Jose Blvd, Jacksonville, FL 32223-2637
      View Details
    • Value Estimation
      $640,000
      3,420 SF

      12058 San Jose Blvd Ste, Unit 102

      MEDICAL BUILDING • 3,420 SF
      12058 San Jose Blvd Ste, Jacksonville, FL 32223-8669
      View Details
    • Value Estimation by Request
      2,280 SF

      12443 San Jose Blvd Ste, Unit 102

      MEDICAL BUILDING • 2,280 SF
      12443 San Jose Blvd Ste, Jacksonville, FL 32223-8647
      View Details
    • Value Estimation
      $775,000
      6,695 SF

      12075 San Jose Blvd

      MEDICAL BUILDING • 6,695 SF
      12075 San Jose Blvd, Jacksonville, FL 32223-1643
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Southside/Mandarin Office/Medical Space Available

      Office/medical space for sale in a high-demand location.
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      View Details
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      Versatile Commercial Space For Sale

      Adaptable commercial property suitable for various professional or community services.
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      Halcyon Lane Office For Sale

      Office space in prime location near I-295 and San Jose Blvd.
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      33,272 SF

      Mandarin Class A Office Building

      Class A office building in Mandarin with high visibility.
      12276 San Jose Blvd, Jacksonville, FL 32223
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    • $335,000
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      Well-Maintained Office Condo

      Office condo with enhanced natural light and storage capacity.
      12627 San Jose Blvd, Jacksonville, FL 32223
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    • $336,000
      1,200 SF

      Mandarin Office/Retail Suite For Sale

      Ground-level office/retail suite in Mandarin, ideal for various uses.
      12276 San Jose Blvd, Jacksonville, FL 32223
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    Similar Nearby for Lease

    • Contact for pricing

      San Jose Boulevard Retail Opportunity

      Move-in ready retail space in high-traffic South Mandarin area.
      12644 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • $6,882 /Mo
      3,371 SF

      Jacksonville Professional Medical/Office Space

      Class A office park with medical and office spaces available.
      12276 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • $3,819 /Mo
      Pending

      Professional Office Space in Jacksonville

      Class A medical and office park in South Mandarin.
      12276 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • Contact for pricing

      Professional Medical and Office Park

      Class A office park in South Mandarin, Jacksonville.
      12276 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • Contact for pricing

      Class A Medical Office Park

      Professional medical and office park in South Mandarin, Jacksonville.
      12276 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • Contact for pricing

      Medical/Professional Office Space Available

      Freestanding building in Mandarin's commercial corridor with functional layout.
      12420 San Jose Blvd, Jacksonville, FL 32223
      View Details
    View Listing
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    Jacksonville, FL 32223
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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.

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