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

    1559 Palm Ave Jacksonville, FL 32207-2915

    • Apartment buildings
    • 1,957 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    5.1%
    Apartment buildings
    Location Intelligence
    Property ID
    US18-5090431
    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

    • Apartment buildings

    Property Details for 1559 Palm Ave

    Year built
    1951
    Construction
    WOOD
    Lot size
    0.12 lot acres
    Property size
    1,957 SF
    Zone code
    RMD-D
    Property type
    Apartment buildings
    APN
    080630-0000
    APU
    806300000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $240,000
      6.5%
      $225,000
      7%
      $205,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $379,000
      Market price range: $135k - $534k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $325,000
      Current use
      MEDICAL BUILDING
      $445,000
      Change: +38% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $430,000
      Change: +33% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $415,000
      Change: +29% Conversion: Difficult
      RETAIL STORES
      $355,000
      Change: +10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6619
    Latitude
    30.3093
    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
    $6,316
    $142,400
    $264,656
    $407,056
    -
    $142,400
    $264,656
    $407,056

    Comparable in this City

    • Value Estimation
      $385,000
      4,337 SF

      844 Phillips St

      APARTMENT HOUSE (5+ UNITS) • 4,337 SF
      844 Phillips St, Jacksonville, FL 32207-8407
      View Details
    • Value Estimation by Request

      1834 Arcadia Pl

      Multifamily properties
      1834 Arcadia Pl, Jacksonville, FL 32207
      View Details
    • Value Estimation
      $315,000
      3,168 SF

      1687 Riv Rd

      APARTMENT HOUSE (5+ UNITS) • 3,168 SF
      1687 Riv Rd, Jacksonville, FL 32207-3005
      View Details
    • Value Estimation
      $780,000
      4,368 SF

      1401 Palm Ave

      APARTMENT HOUSE (5+ UNITS) • 4,368 SF
      1401 Palm Ave, Jacksonville, FL 32207-8434
      View Details
    • Value Estimation
      $290,000
      4,340 SF

      1256 Riv Bank Ct, Unit 6

      APARTMENT HOUSE (5+ UNITS) • 4,340 SF
      1256 Riv Bank Ct, Jacksonville, FL 32207-2247
      View Details
    • Value Estimation
      $365,000
      4,056 SF

      916 Childrens Way

      APARTMENT HOUSE (5+ UNITS) • 4,056 SF
      916 Childrens Way, Jacksonville, FL 32207-8454
      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
    • $699,000
      2,396 SF

      San Marco Income Property

      Residential income property in the heart of San Marco.
      1519 Larue Ave, Jacksonville, FL 32207
      View Details
    • $575,000

      Cash Flowing Quad in Spring Park

      Fully leased quadplex near San Marco, turnkey investment opportunity.
      3145 Belden St, Jacksonville, FL 32207
      View Details
    • $95,999

      1790 Art Museum Dr

      Land
      1790 Art Museum Dr, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      4.06 Acres

      San Jose Blvd Portfolio - 7 Buildings

      Prime Jacksonville mixed-use investment opportunity.
      5121 San Jose Blvd, Jacksonville, FL 32207
      View Details
    • $435,900
      1,632 SF

      Jacksonville Multi-Use Zoned Property

      Multi-use property perfect for business with office and manufacturing space.
      2822 Robert St, Jacksonville, FL 32207
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      19,993 SF

      Renovated Office Space Available

      Move-in ready office suites with easy highway access.
      701 San Marco Blvd, Jacksonville, FL 32207
      View Details
    • $14 SF/Yr
      4,000 SF

      Prime Office Space Available

      Modern office space for lease on Art Museum Drive.
      2809 Art Museum Dr, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      5,207 SF

      Office Space Available For Rent

      Office space available for rent in Jacksonville, Florida.
      1300 Hendricks Ave, Jacksonville, FL 32207
      View Details
    • $15 SF/Yr
      14,111 SF

      Scenic Jacksonville Office Park Space

      Office space in a vibrant, green Jacksonville campus setting.
      3986 Boulevard Center Dr, Jacksonville, FL 32207
      View Details
    • $15 SF/Yr
      25,425 SF

      Scenic Jacksonville Office Park Space

      Office space in a vibrant, green campus setting.
      4040 Woodcock Dr, Jacksonville, FL 32207
      View Details
    • $11 SF/Yr
      9,790 SF

      Commercial Property in Thriving Hub

      Located in a thriving economic hub near San Marco.
      2899 Powers Ave, 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.
    1559 Palm Ave
    Jacksonville, FL 32207-2915
    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.