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

    1431 Riverplace Blvd, Unit CU3 Jacksonville, FL 32207-9028

    • Office Properties & Spaces
    • 1,346 SF
    • 0.00 lot acres
    OFF-MARKET
    Last Sale
    Nov 03, 2022
    $204,200
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1951678
    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

    • Chong Kok L MD / Doctor
    • Kitchen art & comfort / Kitchen Remodeler
    • Jax Booth / Photo Booth
    • Homes By Fraser / Real Estate Agents
    • Luxury Urban Real Estate / Real Estate Agency / Real Estate Agent

    Property Details for 1431 Riverplace Blvd

    Year built
    2008
    Construction
    WOOD
    Lot size
    0.00 lot acres
    Property size
    1,346 SF
    Property type
    Office Properties & Spaces
    APN
    080393-0330
    APU
    803930330

    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
    -81.6549
    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
    $4,591
    $0.00
    $237,500
    $237,500
    -
    $0.00
    $237,500
    $237,500

    Comparable in this City

    • Value Estimation
      $1,850,000
      15,054 SF

      1235 San Marco Blvd, Unit 210

      CONDOMINIUM OFFICES • 15,054 SF
      1235 San Marco Blvd, Jacksonville, FL 32207-8554
      View Details
    • Value Estimation
      $1,885,000
      13,360 SF

      836 Prudential Dr, Unit 2

      CONDOMINIUM OFFICES • 13,360 SF
      836 Prudential Dr, Jacksonville, FL 32207-8334
      View Details
    • Value Estimation
      $1,885,000
      13,360 SF

      836 Prudential Dr, Unit 2

      CONDOMINIUM OFFICES • 13,360 SF
      836 Prudential Dr, Jacksonville, FL 32207-8334
      View Details
    • Value Estimation
      $1,360,000
      10,757 SF

      1235 San Marco Blvd Ste, Unit 202

      CONDOMINIUM OFFICES • 10,757 SF
      1235 San Marco Blvd Ste, Jacksonville, FL 32207-8558
      View Details
    • Value Estimation
      $635,000
      4,872 SF

      1680 Emerson St, Unit 1680B

      CONDOMINIUM OFFICES • 4,872 SF
      1680 Emerson St, Jacksonville, FL 32207-6104
      View Details
    • Value Estimation
      $3,735,000
      30,150 SF

      1325 San Marco Blvd, Unit 2A

      CONDOMINIUM OFFICES • 30,150 SF
      1325 San Marco Blvd, Jacksonville, FL 32207-8568
      View Details

    Similar Nearby for Sale

    • $545,000
      4,330 SF

      Jacksonville Office Building Investment

      4,330 SF Office Building, Prime Location
      2021 Art Museum Dr, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      54,297 SF

      Beach Blvd Commercial Property

      54,297 SF, 5.81 Acres, High Traffic
      5940 Beach Blvd, Jacksonville, FL 32207
      View Details
    • $549,000
      5,895 SF

      San Marco Office Building Investment

      Historic San Marco Office, Value-Add Opportunity
      1803 Atlantic Blvd, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      4,140 SF

      Renovated Historic Office Building

      4,140 SF renovated office building with easy highway access.
      1035 Kings Ave, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      5,716 SF

      Southbank Office Building For Sale

      5,716 SF office building in the heart of Southbank.
      1022 Prudential Dr, Jacksonville, FL 32207
      View Details
    • $475,000

      Office Space Near Major Routes

      Office property with multiple tenant spaces, convenient location.
      4830 Atlantic Blvd, Jacksonville, FL 32207
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      20,440 SF

      Fairmont Street Business Park

      Jacksonville Flex Warehouse Space
      5317 Fairmont St, Jacksonville, FL 32207
      View Details
    • $24 SF/Yr
      200,627 SF

      Riverplace Blvd Office Space

      Class A Office, 802-50,000 SF
      1200 Riverplace Blvd, Jacksonville, FL 32207
      View Details
    • $16 SF/Yr
      11,500 SF

      St. Nicholas Office Building, Jacksonville

      Historic District Office Space Available
      3127 Atlantic Blvd, Jacksonville, FL 32207
      View Details
    • $2,500 /Mo
      1,232 SF

      Remodeled Office Space in Jacksonville

      Completely remodeled office space with high visibility and easy access.
      1620 Emerson St, Jacksonville, FL 32207
      View Details
    • $1,400 /Mo

      Versatile Commercial Space on Atlantic

      Upstairs commercial space in high-traffic area, ideal for professional businesses.
      4604 Atlantic Blvd, Jacksonville, FL 32207
      View Details
    • $15 SF/Yr
      8,569 SF

      Iconic Office Park in Jacksonville

      Central office park with versatile floor plans and ample amenities.
      1809 Art Museum Dr, 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 CU3
    Jacksonville, FL 32207-9028
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.