Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1431 Riverplace Blvd, Unit 2207 Jacksonville, FL 32207-9112
    Back to Search
    Property profile & analytics

    1431 Riverplace Blvd, Unit 2207, Jacksonville, FL 32207-9112

    View on Map
    • Investment properties
    • 1,397 SF
    • 0.00 lot acres
    Off-Market
    Last Sale May 7, 2024
    $575,000
    Property ID
    US18-5591202
    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
    $575,000
    Show details
    Cap Rate Potential
    3.2%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Chong Kok L MD / Physician
    • Kitchen art & comfort / Hardware & Home Improvement / Kitchen & Bath Showroom
    • Jax Booth / Photography Service / Party Supply Store
    • Homes By Fraser / Real Estate Agency
    • Luxury Urban Real Estate / Real Estate Agency

    Property Details for 1431 Riverplace Blvd

    Year built
    2008
    Construction
    WOOD
    Lot size
    0.00 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    080393-0572
    APU
    803930572

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $575,000
      ML approach
      $575,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $493,000
      Market price range: $236k - $494k

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6547
    Latitude
    30.3191
    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
    $5,750
    $0.00
    $0.00
    $359,645
    -
    $0.00
    $442,500
    $442,500

    Comparable in this City

    • Value Estimation
      $1,430,000
      1,397 SF

      1431 Riverplace Blvd, Unit 2007

      OFFICE/RESIDENTIAL (MIXED USE)
      1431 Riverplace Blvd, Jacksonville, FL 32207-9110
      View Details
    • Value Estimation by Request
      1,397 SF

      1431 Riverplace Blvd, Unit 1207

      OFFICE/RESIDENTIAL (MIXED USE)
      1431 Riverplace Blvd, Jacksonville, FL 32207-9101
      View Details
    • Value Estimation by Request
      1,397 SF

      1431 Riverplace Blvd, Unit 1707

      OFFICE/RESIDENTIAL (MIXED USE)
      1431 Riverplace Blvd, Jacksonville, FL 32207-9107
      View Details
    • Value Estimation by Request
      1,397 SF

      1431 Riverplace Blvd, Unit 2107

      OFFICE/RESIDENTIAL (MIXED USE)
      1431 Riverplace Blvd, Jacksonville, FL 32207-9111
      View Details
    • Value Estimation
      $610,000
      1,397 SF

      1431 Riverplace Blvd, Unit 1507

      OFFICE/RESIDENTIAL (MIXED USE)
      1431 Riverplace Blvd, Jacksonville, FL 32207-9105
      View Details
    • Value Estimation by Request
      1,397 SF

      1431 Riverplace Blvd, Unit 1907

      OFFICE/RESIDENTIAL (MIXED USE)
      1431 Riverplace Blvd, Jacksonville, FL 32207-9109
      View Details

    Similar Nearby for Sale

    • $3,000,000
      8,112 SF

      Multifamily Property Near Medical Centers

      Multifamily investment opportunity near MD Anderson and Baptist Medical Center.
      916 Children Way, Jacksonville, FL 32207
      View Details
    • Contact for pricing

      San Jose Blvd Development Opportunity

      4.06 acres on San Jose Blvd near San Marco.
      5121 San Jose Blvd, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      1,890 SF

      Mixed-Use Property in San Marco

      Mixed-use property with income-producing duplex in growing San Marco area.
      1834 Arcadia Pl, Jacksonville, FL 32207
      View Details
    • $1,800,000
      12,000 SF

      Income-Producing Commercial Property For Sale

      Well-maintained commercial property with two established tenants and long-term leases.
      5804 Beach Blvd, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      8,417 SF

      Jacksonville Multifamily Investment Opportunity

      10-unit multifamily property with expansion potential in Jacksonville, Florida.
      2325-2353 Spring Park Rd, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      13,760 SF

      Functional Warehouse and Office Space

      Industrial property with warehouse and office space in Jacksonville's Southside.
      1840 River Oaks Rd, Jacksonville, FL 32207
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Turn Key Restaurant Space

      Restaurant space in San Marco with high visibility.
      1538 Hendricks Ave, Jacksonville, FL 32207
      View Details
    • Contact for pricing

      Flexible Workspace Solutions Available

      Versatile coworking and office spaces with customizable options.
      841 Prudential Dr, Jacksonville, FL 32207
      View Details
    • Contact for pricing

      Medical/Professional Office Space Available

      Two-story medical/professional office building in Jacksonville's medical corridor.
      4401 Emerson St, Jacksonville, FL 32207
      View Details
    • $4,500 /Mo
      4,636 SF

      Hendricks Avenue Commercial Space Available

      Commercial space for rent on Hendricks Avenue, Jacksonville, FL.
      1518-1522 Hendricks Ave, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      1,450 SF

      Flex Space/Industrial Warehouse For Rent

      Flex space/industrial warehouse near St. Augustine Road and University Boulevard.
      5895 St Augustine Rd, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      21,774 SF

      Scenic Jacksonville Office Park Space

      Office space in a vibrant, green Jacksonville campus setting.
      4811 Beach Blvd, Jacksonville, FL 32207
      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.
    1431 Riverplace Blvd, Unit 2207
    Jacksonville, FL 32207-9112
    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

    Thank You for Inquiry
    1431 Riverplace Blvd, Jacksonville, FL, 32207
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!