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

    12854 Kenan Dr Jacksonville, FL 32258-7400

    • Office buildings
    • 98,816 SF
    • 8.84 lot acres
    OFF-MARKET
    Last Sale
    May 13, 2025
    $52,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9409999
    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

    • Majority Strategies / Advertising Agency / Marketing & Advertising
    • Johnson Service Group / Employment Agency
    • Russell Rowland / Structural Engineer
    • G E Corporate Gis Center / Sustainability Organization
    • Wesco / Distribution Center / Logistics Company

    Property Details for 12854 Kenan Dr

    Year built
    1999
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    8.84 lot acres
    Property size
    98,816 SF
    Zone code
    PUD
    Property type
    Office buildings
    APN
    168083-4835
    APU
    1680834835

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5247
    Latitude
    30.1359
    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
    $195,908
    $3,084,048
    $8,068,352
    $11,152,400
    -
    $3,084,048
    $8,068,352
    $11,152,400

    Comparable in this City

    • Value Estimation
      $9,145,000
      40,277 SF

      12901 Flagler Ctr Blvd

      OFFICE BUILDING • 40,277 SF
      12901 Flagler Ctr Blvd, Jacksonville, FL 32258-2610
      View Details
    • Value Estimation by Request
      1,680 SF

      11481 Old Saint Augustine Rd Ste, Unit 203

      OFFICE BUILDING • 1,680 SF
      11481 Old Saint Augustine Rd Ste, Jacksonville, FL 32258-1475
      View Details
    • Value Estimation by Request
      1,096 SF

      6100 Greenland Rd Ste, Unit 304

      OFFICE BUILDING • 1,096 SF
      6100 Greenland Rd Ste, Jacksonville, FL 32258-2626
      View Details
    • Value Estimation by Request
      1,140 SF

      6100 Greenland Rd Ste, Unit 402

      OFFICE BUILDING • 1,140 SF
      6100 Greenland Rd Ste, Jacksonville, FL 32258-2627
      View Details
    • Value Estimation by Request
      1,096 SF

      6100 Greenland Rd Ste, Unit 601

      OFFICE BUILDING • 1,096 SF
      6100 Greenland Rd Ste, Jacksonville, FL 32258-7436
      View Details
    • Value Estimation by Request
      1,690 SF

      11481 Old Saint Augustine Rd Ste, Unit 105

      OFFICE BUILDING • 1,690 SF
      11481 Old Saint Augustine Rd Ste, Jacksonville, FL 32258-1474
      View Details

    Similar Nearby for Sale

    • $15,000,000
      146,135 SF

      Jacksonville Office Campus with Amenities

      Well-maintained office campus with modern amenities and convenient location.
      14000 Citicards Way, Jacksonville, FL 32258
      View Details
    • $649,000
      2,280 SF

      2,280 SF Spacious Open Concept Office Condo For Sale/Lease

      2,280 SF Spacious Open Concept Office Condo For Sale/Lease
      13241 Bartram Park Blvd, 2001, Jacksonville, FL 32258
      View Details
    • $400,000
      1,140 SF

      Jacksonville Office Condo For Sale

      Professional office condo in Southside/Bartram Park area of Jacksonville.
      6100 Greenland Rd, Jacksonville, FL 32258
      View Details
    • $460,000
      1,334 SF

      6100 Greenland Rd Unit 403

      For Sale: 6100 Greenland Rd Unit 403 – Unique Two-Story Commercial Suite in Prime Jacksonville Location
      6100 Greenland Road, Jacksonville, FL 32258
      View Details
    • $1,795,000
      6,206 SF

      Turn-Key Building on High-Traffic Road

      6,206 SF building on 0.84 acres, ideal for various uses.
      4310 Barkoskie Rd, Jacksonville, FL 32258
      View Details
    • $74,999
      0.26 Acres

      Prime Mandarin Commercial Land

      Rare .26-acre lot, ideal for mixed-use development.
      11400 Old St Augustine Rd, Jacksonville, FL 32258
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      31,525 SF

      Mandarin Office Building For Rent

      Two-story office building in Gran Park Development, Mandarin submarket.
      12735 Gran Bay Pkwy W, Jacksonville, FL 32258
      View Details
    • $600 /Mo

      Executive Suite in Mandarin Area

      Private office suite with shared amenities in a brick complex.
      11481 Old St Augustine Rd, Jacksonville, FL 32258
      View Details
    • New
      $500 /Mo
      1,680 SF

      Jacksonville Executive Office Suite Rental

      Private office suite with shared amenities in a convenient location.
      11481 Old St Augustine Rd, Jacksonville, FL 32258
      View Details
    • Contact for pricing

      Premium Office and Flex Space

      Office and flex spaces with renovated lobbies in Jacksonville's growing area.
      12724 Gran Bay Pkwy West, Jacksonville, FL 32258
      View Details
    • $65 SF/Yr
      14,844 SF

      Jacksonville Office Space for Lease

      Modern Office Suites in Bartram Park
      12724 Gran Pkwy, Jacksonville, FL 32258
      View Details
    • $24 SF/Yr
      4,819 SF

      Prime Medical Office Space in Jacksonville

      Class A, 4,819 SF Medical Office Building
      14810 Old St Augustine Rd, Jacksonville, FL 32258
      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.
    12854 Kenan Dr
    Jacksonville, FL 32258-7400
    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.