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

    1951 Blvd Boulevard Jacksonville, FL 32206-3527

    • Medical offices
    • 2,976 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    May 16, 2022
    $245,000
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3024288
    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

    • Medical offices

    Property Details for 1951 Blvd Boulevard

    Year built
    1962
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.21 lot acres
    Property size
    2,976 SF
    Zone code
    CRO-S
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    072084-0010
    APU
    720840010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $205,000
      ML approach
      $230,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $320,000
      Market price range: $321k - $1.04M
      AI Estimate
      $142,000
      Market price range: $143k - $417k

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6607
    Latitude
    30.3488
    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
    $3,782
    $47,105
    $153,695
    $200,800
    -
    $47,105
    $153,695
    $200,800

    Comparable in this City

    • Value Estimation
      $1,000,000
      15,489 SF

      653 11th St

      MEDICAL BUILDING • 15,489 SF
      653 11th St, Jacksonville, FL 32206
      View Details
    • Value Estimation
      $330,000
      5,508 SF

      555 11th St

      MEDICAL BUILDING • 5,508 SF
      555 11th St, Jacksonville, FL 32206-3565
      View Details
    • Value Estimation
      $350,000
      1,622 SF

      Jefferson St

      MEDICAL BUILDING • 1,622 SF
      Jefferson St, Jacksonville, FL 32206
      View Details
    • Value Estimation
      $245,000
      2,304 SF

      4605 Brentwood Ave

      MEDICAL BUILDING • 2,304 SF
      4605 Brentwood Ave, Jacksonville, FL 32206-6168
      View Details
    • Value Estimation
      $280,000
      12,174 SF

      1155 21st St

      MEDICAL BUILDING • 12,174 SF
      1155 21st St, Jacksonville, FL 32206-2401
      View Details
    • Value Estimation
      $435,000
      6,338 SF

      1714 Main St

      MEDICAL BUILDING • 6,338 SF
      1714 Main St, Jacksonville, FL 32206-4404
      View Details

    Similar Nearby for Sale

    • $399,999
      4 SF

      Spacious Warehouse with Office Space

      4,000 SF concrete building near Downtown Jacksonville with office area.
      3429 N Liberty St, Jacksonville, FL 32206
      View Details
    • $1,850,000
      9,000 SF

      Class A Office Building in Springfield

      Historic Charm, Modern Amenities, 9,000 SF
      1354 Laura St, Jacksonville, FL 32206
      View Details
    • Contact for pricing
      9,000 SF

      Renovated Office Building with Parking

      Class A office building featuring high ceilings and parking.
      1354 N Laura St, Jacksonville, FL 32206
      View Details
    • $610,000
      7,736 SF

      Jacksonville Commercial Building with Flexibility

      Spacious commercial building in historic Springfield with flexible layout.
      1415 Walnut St, Jacksonville, FL 32206
      View Details
    • Contact for pricing
      9,000 SF

      Downtown Jacksonville Office Building

      9,000 SF Class A Office, Historic District
      1354 Laura St, Jacksonville, FL 32206
      View Details
    • $375,000
      1,981 SF

      Historic Springfield Duplex Opportunity

      Income-producing duplex in historic Springfield, near UF Health Hospital.
      347 Cottage Ave, Jacksonville, FL 32206
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      8,676 SF

      Jacksonville Office Suites for Lease

      Prime Office Space, Flexible Layouts
      1128 Laura St, Jacksonville, FL 32206
      View Details
    • $17 SF/Yr
      1,121 SF

      Downtown Office Space Available

      Office space available for lease in downtown Jacksonville, Florida.
      1103 N Laura St, Jacksonville, FL 32206
      View Details
    • $28 SF/Yr
      240 SF

      Office Space Near Downtown Hub

      Office space with retail footprint and connectivity to submarkets.
      1303 N Main St, Jacksonville, FL 32206
      View Details
    • Contact for pricing
      500 SF

      Historic Springfield Retail Opportunity

      Restaurant and retail bays available in Jacksonville's Springfield Historic District.
      2336 N Liberty St, Jacksonville, FL 32206
      View Details
    • Contact for pricing
      3,000 SF

      Creative Space in Springfield Warehouse

      Creative space in Jacksonville's Springfield Warehouse District available for rent.
      2402 N Market St, Jacksonville, FL 32206
      View Details
    • Contact for pricing
      5,190 SF

      Springfield Storefront on N Main

      Retail space in Jacksonville's Historic Springfield neighborhood.
      1720-1728 N Main St, Jacksonville, FL 32206
      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.
    1951 Blvd Boulevard
    Jacksonville, FL 32206-3527
    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.