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    Property profile & analytics

    2125 Riv Blvd Jacksonville, FL 32204-4413

    • Apartment buildings
    • 6,077 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4554533
    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

    • Apartment buildings

    Property Details for 2125 Riv Blvd

    Year built
    1918
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    6,077 SF
    Zone code
    RO
    Property type
    Apartment buildings
    APN
    090514-0000
    APU
    905140000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $750,000
      6.5%
      $690,000
      7%
      $640,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $436,000
      Market price range: $353k - $740k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,005,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $975,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6826
    Latitude
    30.3095
    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
    $17,168
    $252,000
    $811,475
    $1,063,475
    -
    $252,000
    $811,475
    $1,063,475

    Comparable in this City

    • Value Estimation
      $940,000
      6,238 SF

      1820 Goodwin St

      APARTMENT HOUSE (5+ UNITS) • 6,238 SF
      1820 Goodwin St, Jacksonville, FL 32204-4404
      View Details
    • Value Estimation
      $645,000
      6,084 SF

      2358 Herschel St

      APARTMENT HOUSE (5+ UNITS) • 6,084 SF
      2358 Herschel St, Jacksonville, FL 32204-4351
      View Details
    • Value Estimation by Request
      3,680 SF

      2153 Post St

      APARTMENT HOUSE (5+ UNITS) • 3,680 SF
      2153 Post St, Jacksonville, FL 32204-3730
      View Details
    • Value Estimation by Request
      3,285 SF

      1240 Monroe St

      APARTMENT HOUSE (5+ UNITS) • 3,285 SF
      1240 Monroe St, Jacksonville, FL 32204-1429
      View Details
    • Value Estimation
      $530,000
      5,366 SF

      2137 Oak St

      APARTMENT HOUSE (5+ UNITS) • 5,366 SF
      2137 Oak St, Jacksonville, FL 32204-4437
      View Details
    • Value Estimation
      $660,000
      5,800 SF

      1023 Acosta St

      APARTMENT HOUSE (5+ UNITS) • 5,800 SF
      1023 Acosta St, Jacksonville, FL 32204-4216
      View Details

    Similar Nearby for Sale

    • $2,260,000
      7,026 SF

      Riverside Jacksonville Multifamily Investment Property

      Turnkey, renovated 8-unit multifamily property in the heart of Riverside.
      2160 Riverside Ave, Jacksonville, FL 32204
      View Details
    • $1,195,000
      Pending

      Riverside Income-Producing Apartment Building

      Historic Riverside property with income-producing apartments, ideal for investors.
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    • $949,000
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      Riverside Multifamily Investment Opportunity

      Profitable 6-unit multifamily property in Jacksonville's historic Riverside neighborhood.
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    • $494,000

      Jacksonville Mixed-Use Property

      Prime Location, 4 Units, Motivated Seller
      918 King St, Jacksonville, FL 32204
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    • $460,000
      2,022 SF

      Riverside Duplex with Recent Upgrades

      Fully leased duplex in Historic Riverside with strong rental income.
      2236 Post St, Jacksonville, FL 32204
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr

      Retail Space Under Apartment Lofts

      Retail space available below 108 apartment units in LaVilla.
      906 West Monroe St, Jacksonville, FL 32204
      View Details
    • $18 SF/Yr
      14,480 SF

      Riverside Avenue Office Space

      Historic Riverside Office Building, Suites Available
      2008 Riverside Ave, Jacksonville, FL 32204
      View Details
    • $30 SF/Yr
      5,916 SF

      Riverside Office Space: Jacksonville, FL

      Newly renovated office suites, 70-5200 sq ft.
      624 Goodwin St, Jacksonville, FL 32204
      View Details
    • $6,900 /Mo
      10,000 SF

      Downtown Jacksonville Office Space

      Executive & Traditional Suites Available
      630 Adams St, Jacksonville, FL 32204
      View Details
    • Contact for pricing

      Prime Jacksonville Location For Lease

      Exceptional property with high walkability and centralized location.
      2651 Park St, Jacksonville, FL 32204
      View Details
    • Contact for pricing
      7,337 SF

      Downtown Office Space Available

      Office spaces available with foodservice and fitness center.
      800 Water St, Jacksonville, FL 32204
      View Details
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    2125 Riv Blvd
    Jacksonville, FL 32204-4413
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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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