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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1201 Monument Rd Jacksonville, FL 32225

    • Medical offices
    • 26,021 SF
    • 2.87 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Last Sale
    Dec 15, 2021
    $2,148,500
    Value Estimations
    $2,450,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2806935
    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

    • Katie Little: Allstate Insurance / Motorcycle Insurance Agency / Renter'S Insurance Agency
    • Monument 9A Imaging & Diagnostic / Medical Diagnostic Imaging Center / Doctor
    • Michael Kight / Physician Assistant
    • William J Namen II PA / Podiatrist
    • Oscar Enrique Rodas, MD / Internist

    Property Details for 1201 Monument Rd

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    2.87 lot acres
    Property size
    26,021 SF
    Zone code
    CRO
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    161294-0050
    APU
    1612940050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,335,000
      ML approach
      $2,280,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,804,000
      Market price range: $2.80M - $9.12M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5396
    Latitude
    30.341
    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
    $42,954
    $273,995
    $2,392,505
    $2,666,500
    -
    $273,995
    $2,392,505
    $2,666,500

    Comparable in this City

    • Value Estimation
      $280,000
      4,950 SF

      13155 Atlantic Blvd

      MEDICAL BUILDING • 4,950 SF
      13155 Atlantic Blvd, Jacksonville, FL 32225-3125
      View Details
    • Value Estimation
      $430,000
      5,234 SF

      13443 Atlantic Blvd

      MEDICAL BUILDING • 5,234 SF
      13443 Atlantic Blvd, Jacksonville, FL 32225-3131
      View Details
    • Value Estimation
      $240,000
      3,432 SF

      13167 Professional Dr

      MEDICAL BUILDING • 3,432 SF
      13167 Professional Dr, Jacksonville, FL 32225
      View Details
    • Value Estimation
      $260,000
      5,435 SF

      12134 Ft Caroline Rd

      MEDICAL BUILDING • 5,435 SF
      12134 Ft Caroline Rd, Jacksonville, FL 32225-1613
      View Details
    • Value Estimation
      $320,000
      6,511 SF

      1651 Southside Connector, Unit 12

      MEDICAL BUILDING • 6,511 SF
      1651 Southside Connector, Jacksonville, FL 32225-8287
      View Details
    • Value Estimation
      $4,370,000
      7,131 SF

      1211 Saint Johns Blf N Rd

      MEDICAL BUILDING • 7,131 SF
      1211 Saint Johns Blf N Rd, Jacksonville, FL 32225-8337
      View Details

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      Executive Park Office Condominium Units

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      Vacant land suitable for family estate or investment property.
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    Similar Nearby for Lease

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      Jacksonville Medical Office Space for Lease

      Class A Medical Office Suites - Available 2025
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      Retail or Medical Space Available

      4,577 SF space ideal for retail or medical uses.
      13474 Atlantic Blvd, Jacksonville, FL 32225
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    • Contact for pricing
      1,709 SF

      Medical/Retail Spaces For Lease

      Medical/retail spaces available for lease, delivery expected mid 2025.
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    • $18 SF/Yr
      23,082 SF

      Regency Square Office Space Available

      Office suites available for lease in Jacksonville, Florida.
      9485 Regency Square Blvd, Jacksonville, FL 32225
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    • $20 SF/Yr
      8,251 SF

      Office Space Available For Rent

      Office space available for lease in Jacksonville, Florida.
      1201 Monument Rd, Jacksonville, FL 32225
      View Details
    • $19 SF/Yr
      2,183 SF

      Office Space Available For Rent

      Office space available for lease in Jacksonville, Florida.
      13001 Atlantic Blvd, Jacksonville, FL 32225
      View Details
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    1201 Monument Rd
    Jacksonville, FL 32225
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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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