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

    1649 Atlantic Blvd Jacksonville, FL 32207-3346

    • Office buildings
    • 7,038 SF
    • 0.35 lot acres
    OFF-MARKET
    Last Sale
    Dec 29, 2021
    $2,250,000
    Value Estimations
    $2,170,000
    Show details
    Cap Rate Potential
    5.2%
    Office buildings
    Location Intelligence
    Property ID
    US19-0743292
    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

    • Rubin & Rubin / Trial Attorney
    • Vestcor / Real Estate Developer
    • Informed / School
    • Accubuild Co / Construction Company

    Property Details for 1649 Atlantic Blvd

    Year built
    1957
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.35 lot acres
    Property size
    7,038 SF
    Zone code
    CCG-1
    Property type
    Office buildings
    APN
    081627-0000
    APU
    816270000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,065,000
      ML approach
      $2,110,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,800,000
      6.5%
      $1,660,000
      7%
      $1,540,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,327,000
      Market price range: $609k - $1.33M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,610,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,550,000
      AUTO REPAIR, GARAGE
      $1,500,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6507
    Latitude
    30.3065
    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
    $34,076
    $414,900
    $1,465,500
    $1,880,400
    -
    $414,900
    $1,465,500
    $1,880,400

    Comparable in this City

    • Value Estimation
      $1,065,000
      7,212 SF

      1501 San Marco Blvd

      OFFICE BUILDING • 7,212 SF
      1501 San Marco Blvd, Jacksonville, FL 32207-2926
      View Details
    • Value Estimation
      $865,000
      4,970 SF

      4718 Philips Hwy

      OFFICE BUILDING • 4,970 SF
      4718 Philips Hwy, Jacksonville, FL 32207-7268
      View Details
    • Value Estimation
      $1,390,000
      11,232 SF

      5776 Saint Augustine Rd

      OFFICE BUILDING • 11,232 SF
      5776 Saint Augustine Rd, Jacksonville, FL 32207-8030
      View Details
    • Value Estimation
      $1,260,000
      11,111 SF

      3311 Bch Blvd

      OFFICE BUILDING • 11,111 SF
      3311 Bch Blvd, Jacksonville, FL 32207-3704
      View Details
    • Value Estimation
      $525,000
      3,312 SF

      5012 Sharon Ter

      OFFICE BUILDING • 3,312 SF
      5012 Sharon Ter, Jacksonville, FL 32207-4939
      View Details
    • Value Estimation
      $11,540,000
      122,822 SF

      1701 Prudential Dr

      OFFICE BUILDING (MULTI-STORY) • 122,822 SF
      1701 Prudential Dr, Jacksonville, FL 32207-8152
      View Details

    Similar Nearby for Sale

    • 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
    • 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
    • $2,970,000
      15,655 SF

      Downtown Southbank Flex/Office Building

      Rare flex/office building on the Downtown Southbank with recent improvements.
      1451 Louisa St, Jacksonville, FL 32207
      View Details
    • $1,900,000
      18,285 SF

      Renovated Office Building For Sale

      Three-story office building with recent renovations and high visibility.
      4811 Atlantic Blvd, 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
    • $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

    Similar Nearby for Lease

    • $19 SF/Yr
      5,670 SF

      Southbank Freestanding Office Building

      Updated 5,670 SF office building in central Southbank location.
      1520 Prudential Dr, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      375,000 SF

      San Marco East Plaza Offices

      375,000 SF office complex in Jacksonville's South Metro District.
      3563 Philips Hwy, Jacksonville, FL 32207
      View Details
    • $2,700 /Mo
      1,568 SF

      San Marco Standalone Office Space

      Historic Craftsman-style office in San Marco with modern functionality.
      1305 Cedar St, Jacksonville, FL 32207
      View Details
    • $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
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    1649 Atlantic Blvd
    Jacksonville, FL 32207-3346
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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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