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

    1639 Atlantic Blvd Jacksonville, FL 32207-3346

    • Medical offices
    • 7,819 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Dec 29, 2021
    $3,400,000
    Value Estimations
    $3,415,000
    Show details
    Cap Rate Potential
    3.4%
    Medical offices
    Location Intelligence
    Property ID
    US18-3440467
    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

    • William Kintz / Social Worker
    • Josep Genebriera, M.D. / Dermatologist
    • Erin Hector, PA-C / Physician Assistant / Cosmetic Surgeon
    • Lauren Boshnick, / Dermatologist
    • Advanced Dermatology and Cosmetic Surgery - Jacksonville - 1639 Atlantic Blvd / Dermatologist / Skin Care Clinic

    Property Details for 1639 Atlantic Blvd

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Property size
    7,819 SF
    Zone code
    CCG-1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    081628-0000
    APU
    816280000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,695,000
      ML approach
      $3,735,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,570,000
      Market price range: $843k - $2.74M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,155,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6509
    Latitude
    30.3064
    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
    $29,365
    $186,225
    $1,484,375
    $1,670,600
    -
    $186,225
    $1,484,375
    $1,670,600

    Comparable in this City

    • Value Estimation
      $1,425,000
      203,970 SF

      807 Childrens Way

      MEDICAL BUILDING • 203,970 SF
      807 Childrens Way, Jacksonville, FL 32207-8426
      View Details
    • Value Estimation
      $285,000
      154,578 SF

      836 Prudential Dr

      MEDICAL BUILDING • 154,578 SF
      836 Prudential Dr, Jacksonville, FL 32207-8334
      View Details
    • Value Estimation by Request
      31,446 SF

      4549 Emerson St

      MEDICAL BUILDING • 31,446 SF
      4549 Emerson St, Jacksonville, FL 32207-4975
      View Details
    • Value Estimation
      $315,000
      4,457 SF

      4910 Bch Blvd

      MEDICAL BUILDING • 4,457 SF
      4910 Bch Blvd, Jacksonville, FL 32207-4817
      View Details
    • Value Estimation
      $325,000
      3,285 SF

      1677 Art Museum Dr

      MEDICAL BUILDING • 3,285 SF
      1677 Art Museum Dr, Jacksonville, FL 32207-2150
      View Details
    • Value Estimation
      $290,000
      1,566 SF

      5757 Booth Rd Bldg, Unit 200

      MEDICAL BUILDING • 1,566 SF
      5757 Booth Rd Bldg, Jacksonville, FL 32207-5981
      View Details

    Similar Nearby for Sale

    • $389,900

      Multi-Use Building Near Atlantic Blvd

      Renovated multi-use building suitable for various commercial or residential purposes.
      2009 Art Museum Dr, Jacksonville, FL 32207
      View Details
    • $600,000
      23,940 SF

      Renovated Medical/Office Campus For Sale

      Move-in ready, fully renovated medical/office campus with new HVAC and roof.
      3901 Carmichael Ave, Jacksonville, FL 32207
      View Details
    • $725,000
      5,500 SF

      Emerson Street Office Building

      Highly visible office building with signage and multiple entrances.
      4537 Emerson St, 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
    • $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
    • $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

    • $24 SF/Yr
      36,129 SF

      Emerson Medical Plaza: Jacksonville

      Medical Office Building, 36,129 SF
      4555 Emerson St, Jacksonville, FL 32207
      View Details
    • $16 SF/Yr
      14,990 SF

      Emerson Street Plaza: Medical Office

      Jacksonville medical office space available.
      4401 Emerson St, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      3,200 SF

      San Marco Office Space Available

      Historic San Marco office building, 3,200 sqft.
      1434 Hendricks Ave, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      54,297 SF

      Beach Blvd. Commercial Property

      Jacksonville medical office space, high traffic.
      5940 Beach Blvd, Jacksonville, FL 32207
      View Details
    • $25 SF/Yr
      1,653 SF

      San Marco Blvd Office Space

      Historic Jacksonville Office, Updated 2017
      1558 San Marco Blvd, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      24,169 SF

      Southside Medical Office Space

      7,900 SF Medical Office Available
      5742 Booth Rd, 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.
    1639 Atlantic Blvd
    Jacksonville, FL 32207-3346
    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.