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

    2115 University S Blvd Jacksonville, FL 32216-8936

    • Office buildings
    • 2,915 SF
    • 0.87 lot acres
    OFF-MARKET
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2351301
    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

    • Absolute Land & Pond / Land Surveyor / Landscaper
    • Howell Vision Center / Optometrist
    • Awards Unlimited / Trophy Shop
    • Spotlight Apparel, Inc. / Uniform Store / Clothing Store
    • Absolute Towing in Jacksonville / Towing Service / Auto Wrecker

    Property Details for 2115 University S Blvd

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.87 lot acres
    Property size
    2,915 SF
    Zone code
    PUD
    Property type
    Office buildings
    APN
    133988-0000
    APU
    1339880000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $745,000
      6.5%
      $690,000
      7%
      $640,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $845,000
      Market price range: $361k - $845k
      AI Estimate
      $603,000
      Market price range: $248k - $603k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $605,000
      Current use
      COMMERCIAL (GENERAL)
      $735,000
      Change: +22% Conversion: Easy
      AUTO REPAIR, GARAGE
      $620,000
      Change: +3% Conversion: Difficult
      MEDICAL BUILDING
      $575,000
      Change: -4% Conversion: Easy
      RETAIL STORES
      $530,000
      Change: -13% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5997
    Latitude
    30.3063
    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
    $0.00
    $133,098
    $468,602
    $601,700
    -
    $133,098
    $468,602
    $601,700

    Comparable in this City

    • Value Estimation
      $4,570,000
      18,712 SF

      8705 Perimeter Park Blvd

      OFFICE BUILDING • 18,712 SF
      8705 Perimeter Park Blvd, Jacksonville, FL 32216-6344
      View Details
    • Value Estimation
      $2,845,000
      14,992 SF

      6045 Philips Hwy

      OFFICE BUILDING • 14,992 SF
      6045 Philips Hwy, Jacksonville, FL 32216-5918
      View Details
    • Value Estimation
      $1,285,000
      5,264 SF

      6851 Southpoint Pkwy

      OFFICE BUILDING • 5,264 SF
      6851 Southpoint Pkwy, Jacksonville, FL 32216
      View Details
    • Value Estimation
      $2,015,000
      9,907 SF

      4540 Southside Blvd

      OFFICE BUILDING • 9,907 SF
      4540 Southside Blvd, Jacksonville, FL 32216-5492
      View Details
    • Value Estimation
      $570,000
      2,100 SF

      3424 Southside Blvd

      OFFICE BUILDING • 2,100 SF
      3424 Southside Blvd, Jacksonville, FL 32216-4632
      View Details
    • Value Estimation
      $11,100,000
      45,440 SF

      6500 Bowden Rd Ste, Unit 100

      OFFICE BUILDING • 45,440 SF
      6500 Bowden Rd Ste, Jacksonville, FL 32216-8066
      View Details

    Similar Nearby for Sale

    • $1,450,000
      14,857 SF

      Medical Office Building For Sale

      Medical office building with high occupancy and strong cash flow.
      5600 Spring Park Rd, Jacksonville, FL 32216
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    • $3,400,000
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      Jacksonville Office Investment Opportunity

      Professionally managed Class B office building in Salisbury Lakes Business Park.
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    • $1,100,000
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      Jacksonville Office Building For Sale

      6,260 SF office building available in Jacksonville, Florida.
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      View Details
    • $1,285,000
      6,686 SF

      Move-in Ready Medical Office Building

      Renovated medical office near hospitals, high visibility location.
      4131 University Blvd S, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      102,960 SF

      Flex/Office Buildings in Jacksonville, Florida

      Two flex/office buildings totaling 102,960 SF on 14.5 acres.
      6680 Southpoint Pkwy, Jacksonville, FL 32216
      View Details
    • $1,200,000
      2,520 SF

      Southpoint Commons Office Building

      Jacksonville Office Building, Value-Add Opportunity
      6789 Southpoint Dr, Jacksonville, FL 32216
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      15,548 SF

      Jacksonville Office Building For Lease

      Two-story office building with existing safes, suitable for various businesses.
      101 Scholars Way, Jacksonville, FL 32216
      View Details
    • $22 SF/Yr
      71,711 SF

      Prominent Southpoint Office Building

      Highly visible office building in Jacksonville's Southpoint submarket available for rent.
      6622 Southpoint Dr South, Jacksonville, FL 32216
      View Details
    • $16 SF/Yr
      2,140 SF

      Freestanding Office Building For Rent

      Freestanding office building with parking, near Downtown Jacksonville.
      1851 University Blvd S, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      9,431 SF

      Southpoint Office Building For Lease

      78,589 SF office building with high visibility and ample parking.
      6800 Southpoint Pkwy, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      4,529 SF

      Office Space in Enterprise Park

      Office space for lease with easy highway access and visibility.
      4190 Belfort Rd, Jacksonville, FL 32216
      View Details
    • $21 SF/Yr
      71,711 SF

      Fortune Plaza Executive Suites

      Jacksonville Office Space: 3,500-10,180 SF Available
      6622 Southpoint Dr, Jacksonville, FL 32216
      View Details
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    Jacksonville, FL 32216-8936
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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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