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    1300 Airport Rd Jacksonville, FL 32218-2404
    Property profile & analytics

    1300 Airport Rd, Jacksonville, FL 32218-2404

    View on Map
    • Hotels
    • 51,266 SF
    • 2.82 lot acres
    Off-Market
    Last Sale Jun 5, 2023
    $10,800,000
    Property ID
    US18-2512184
    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
    $10,565,000
    Show details
    Cap Rate Potential
    2%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Fairfield Inn & Suites Jacksonville Airport / Hotel & Motel
    • ChargePoint Charging Station / Electric Vehicle Charging Station
    • Hair / Hair Salon
    • Courtyard by Marriott / Hotel & Motel

    Property Details for 1300 Airport Rd

    Year built
    1999
    Construction
    WOOD
    Lot size
    2.82 lot acres
    Zone code
    PUD
    Property type
    Hotels
    APN
    019359-0090
    APU
    193590090

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 5, 2023 $10,800,000 Man Junior LLC Embarc LLC Special Warranty Deed $6.9M · Wauchula State Bank
    May 21, 2012 $4,070,000 Embarc LLC Phg Jacksonville LLC Grant Deed —
    Nov 18, 2010 $3,044,300 Phg Jacksonville LLC Jacksonville Airport Hotels II Grant Deed $2.2M · Jax Fairfield Fin'l LLC
    — — Jacksonville Airport Hotels II — Deed Of Trust · related $3.8M · Coastal Bank Of Georgia

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,265,000
      ML approach
      $10,370,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,284,000
      Market price range: $5.23M - $12.4M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $8,725,000
      Current use
      COMMERCIAL (GENERAL)
      $12,930,000
      Change: +48% Conversion: Difficult
      MEDICAL BUILDING
      $11,715,000
      Change: +34% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $10,935,000
      Change: +25% Conversion: Difficult
      RETAIL STORES
      $9,280,000
      Change: +6% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $8,460,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6519
    Latitude
    30.4817
    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
    $151,902
    $1,062,450
    $7,834,050
    $8,896,500
    -
    $1,062,450
    $7,834,050
    $8,896,500

    Comparable in this City

    • Value Estimation
      $3,655,000
      67,002 SF

      13551 Airport Ct

      HOTEL
      13551 Airport Ct, Jacksonville, FL 32218-7265
      View Details
    • Value Estimation
      $2,115,000
      36,688 SF

      14585 Duval Rd

      HOTEL
      14585 Duval Rd, Jacksonville, FL 32218-2494
      View Details
    • Value Estimation
      $4,540,000
      61,730 SF

      13550 Airport Ct

      HOTEL
      13550 Airport Ct, Jacksonville, FL 32218-7265
      View Details
    • Value Estimation
      $5,800,000
      37,711 SF

      1180 Airport Rd

      HOTEL
      1180 Airport Rd, Jacksonville, FL 32218-2412
      View Details
    • Value Estimation
      $9,300,000
      108,521 SF

      2101 Dixie Clipper Dr

      HOTEL
      2101 Dixie Clipper Dr, Jacksonville, FL 32218-2392
      View Details
    • Value Estimation
      $16,265,000
      66,385 SF

      751 Skymarks Dr

      HOTEL
      751 Skymarks Dr, Jacksonville, FL 32218-7248
      View Details

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    • Contact for pricing
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      Jacksonville Airport Hotel Opportunity

      214-room hotel near Jacksonville International Airport.
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      0.53 Acres

      Jacksonville Commercial Land For Sale

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      Jacksonville Retail Investment Opportunity

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      Industrial Land Parcel in Jacksonville

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      Spacious Warehouse with Recent Upgrades

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      Commercial Land For Sale

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    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Jacksonville, Florida.
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      View Details
    • Contact for pricing
      1,470 SF

      Versatile Commercial Building on Lem Turner

      1,470 SF commercial space suitable for retail or office.
      11127 Lem Turner Rd, Jacksonville, FL 32218
      View Details
    • $2,000 /Mo
      2,400 SF

      Office Warehouse Condo Unit

      Spacious 2,400 sq ft condo/warehouse near I-95 and Jaxport.
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      View Details
    • Contact for pricing
      186,000 SF

      Imeson Park Commercial Space Available

      186,000 sqft of commercial space for rent.
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      View Details
    • Contact for pricing

      Jacksonville Mixed-Use Development Opportunity

      Prime leasing opportunity in a mixed-use development in Jacksonville, FL.
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      View Details
    • Contact for pricing
      900,000 SF

      Jacksonville Multimodal Logistics Location

      Exceptional location near JAXPORT terminals, delivering Q1 2026.
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      View Details

    Property Visit Statistics

    • Visits by month
      7.7k
    • Visitors by month
      2.5k
    • Avg Time on site
      471 min
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    1300 Airport Rd
    Jacksonville, FL 32218-2404
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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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