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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1617 Atlantic Blvd Jacksonville, FL 32207-3300

    • Drug stores
    • 2,960 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Dec 10, 2020
    $320,000
    Value Estimations
    $425,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3118130
    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

    • North Florida Marketing Services / Marketing Consultant
    • East Coast Compounding & Pharmacy / Pharmacy / Drug Store

    Property Details for 1617 Atlantic Blvd

    Year built
    1956
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Property size
    2,960 SF
    Zone code
    CCG-1
    Property type
    Drug stores
    APN
    081630-0000
    APU
    816300000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $330,000
      ML approach
      $315,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $560,000
      6.5%
      $515,000
      7%
      $480,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $535,000
      Market price range: $237k - $908k
      AI Estimate
      $290,000
      Market price range: $143k - $455k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $535,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6514
    Latitude
    30.3062
    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
    $5,923
    $184,300
    $153,100
    $337,400
    -
    $184,300
    $153,100
    $337,400

    Comparable in this City

    • Value Estimation
      $345,000
      3,483 SF

      1625 Atlantic Blvd

      DRUG STORE, PHARMACY • 3,483 SF
      1625 Atlantic Blvd, Jacksonville, FL 32207-3318
      View Details
    • Value Estimation
      $500,000
      4,000 SF

      5121 San Jose Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      5121 San Jose Blvd, Jacksonville, FL 32207-7608
      View Details
    • Value Estimation
      $350,000
      4,693 SF

      5500 San Jose Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,693 SF
      5500 San Jose Blvd, Jacksonville, FL 32207-7614
      View Details
    • Value Estimation
      $230,000
      1,144 SF

      3851 Saint Augustine Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,144 SF
      3851 Saint Augustine Rd, Jacksonville, FL 32207-6636
      View Details
    • Value Estimation
      $275,000
      5,044 SF

      1068 Hendricks Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,044 SF
      1068 Hendricks Ave, Jacksonville, FL 32207-8332
      View Details
    • Value Estimation
      $610,000
      15,984 SF

      4001 Hendricks Ave

      GYM, HEALTH SPA • 15,984 SF
      4001 Hendricks Ave, Jacksonville, FL 32207-6321
      View Details

    Similar Nearby for Sale

    • $281,250
      8,213 SF

      San Marco Standalone Property

      High-visibility property in San Marco with redevelopment potential.
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      Income-Producing Commercial Property For Sale

      Well-maintained commercial property with two established tenants and long-term leases.
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      Grocery Store Building For Sale

      European grocery store with licenses in high-traffic Jacksonville location.
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    • New
      $1,595,000
      2,640 SF

      Jacksonville Gas Station and Store

      Gas station and convenience store on 0.6 acres in Jacksonville.
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    • $399,900
      1,219 SF

      Retail Storefront on Beach Boulevard

      Retail storefront building and land in high-traffic location.
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    • $389,900

      Multi-Use Building Near Atlantic Blvd

      Renovated multi-use building suitable for various commercial or residential purposes.
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    Similar Nearby for Lease

    • $25 SF/Yr
      2,366 SF

      Retail Space Available For Rent

      2,366 SF retail space suitable for salon or boutique.
      1704 Hendricks Ave, Jacksonville, FL 32207
      View Details
    • $30 SF/Yr
      2,346 SF

      San Marco Retail Space Available

      Ready-to-go retail space in San Marco, Jacksonville.
      1200 Kings Ave, Jacksonville, FL 32207
      View Details
    • $28 SF/Yr
      200 SF

      Historic San Marco Commercial Property

      Rare opportunity to lease space in historic San Marco.
      2002 San Marco Blvd, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      35,000 SF

      Versatile Jacksonville Commercial Space Available

      Office, showroom, and warehouse spaces near I-95 and downtown.
      3261 Phillips Hwy, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      3,451 SF

      San Marco Retail Space Available

      Retail spaces available in San Marco, Jacksonville.
      3853-3921 Hendricks Ave, Jacksonville, FL 32207
      View Details
    • $1,500 /Mo
      1,200 SF

      Retail Space in Solomon Plaza

      Retail space available in a conveniently located shopping center.
      1650 Art Museum Dr, Jacksonville, FL 32207
      View Details
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    1617 Atlantic Blvd
    Jacksonville, FL 32207-3300
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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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