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    Property profile & analytics

    2319 Oak St Jacksonville, FL 32204

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0562769
    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

    • Farrell Disability Law / Social Security Attorney
    • Jeffrey H. Klink, P.A. / Attorney

    Property Details for 2319 Oak St

    Property type
    Commercial real estate

    Description

    This exceptional 1,818-square-foot single-tenant office suite is situated in Jacksonville, Florida's desirable Riverside submarket, at 2319 Oak St, zip code 32204. The property is a freestanding brick building offering a professional yet comfortable atmosphere. The exterior features attractive landscaping and a welcoming front lobby. Inside, the layout includes three private offices, providing ample space for individual work or meetings. An open workspace allows for collaborative efforts and team interaction. A full kitchen is conveniently located for employee use, and a dedicated bathroom adds to the overall functionality. This versatile space is suitable for a range of professional uses. Its location within walking distance of the vibrant Five Points neighborhood, known for its cafes, shops, and historic parks, offers employees and clients convenient access to amenities. Downtown Jacksonville is also a short drive away. Furthermore, the proximity to Ascension St. Vincent's Hospital makes this property particularly attractive for businesses in the healthcare or counseling sectors requiring convenient access to medical facilities. This turnkey office space presents a unique opportunity in a highly sought-after area. The property is located in Duval County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6868988
    Latitude
    30.3110202

    Comparable in this City

    • $20 SF/Yr
      3,434 SF

      Riverside Office Building For Lease

      Prime Riverside location, 3,434 sq ft office space.
      1732 Margaret St, Jacksonville, FL 32204
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    • $25 SF/Yr
      72,000 SF

      Corner Lot Office Building in Riverside

      Prestigious Riverside Office Space Available
      1000 Riverside Ave, Jacksonville, FL 32204
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    • $16 SF/Yr
      4,182 SF

      Riverside Creative Office Space

      Jacksonville, FL: 4,182 SF Office Building
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    • $18 SF/Yr
      2,675 SF

      Riverside Medical Office Space

      Medical office space for lease near Ascension St. Vincent’s Hospital.
      2561 Oak St, Jacksonville, FL 32204
      View Details
    • $20 SF/Yr
      5,827 SF

      Move-in Ready Office Space

      Office space featuring private offices, conference room, and ample parking.
      2145 Dennis St, Jacksonville, FL 32204
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    • $6,900 /Mo
      10,000 SF

      Downtown Jacksonville Office Space

      Executive & Traditional Suites Available
      630 Adams St, Jacksonville, FL 32204
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    Similar Nearby for Sale

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      Jacksonville Mixed-Use Property

      Prime Location, 4 Units, Motivated Seller
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      Prime 5 Points Office Space

      Jacksonville Office Building, $459,000
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    • $1,400,000

      Riverside Warehouse/Office Facility For Sale

      15,551 SF warehouse/office on 0.9 acres near Downtown Jacksonville.
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    • $750,000
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      Riverside Medical Office For Sale

      Medical office building in the heart of Riverside's healthcare district.
      2561-2563 Oak St, Jacksonville, FL 32204
      View Details
    • $1,200,000

      Riverside Medical Office Building For Sale

      Established medical office in Riverside's 5-Points district.
      1503 Oak St, Jacksonville, FL 32204
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    • $400,000
      1,345 SF

      Historic Five Points Commercial Space

      Commercial space in Historic Five Points, Jacksonville, Florida.
      2203 Park St, Jacksonville, FL 32204
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
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      Riverside Avenue Office Space

      Historic Riverside Office Building, Suites Available
      2008 Riverside Ave, Jacksonville, FL 32204
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    • $23 SF/Yr
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      Riverside Office Space with Upgrades

      Distinctive Jacksonville building with upgraded finishes and floor-to-ceiling windows.
      1534 Oak St, Jacksonville, FL 32204
      View Details
    • Contact for pricing
      400 SF

      Historic Building in Five Points

      Reimagined office and retail space in historic Jacksonville district.
      1020-1028 Park St, Jacksonville, FL 32204
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    • $2,500 /Mo
      1,421 SF

      Renovated Commercial Space Available

      Recently renovated commercial space on Park Street, Jacksonville.
      2150 Park St, Jacksonville, FL 32204
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    • $6,900 /Mo
      10,000 SF

      Downtown Jacksonville Office Space

      Executive & Traditional Suites Available
      630 Adams St, 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
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    2319 Oak St
    Jacksonville, FL 32204
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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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