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

    2705 Atlantic Blvd Jacksonville, FL 32207-3701

    • Parking lots & garages
    • 5,027 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Aug 15, 2023
    $2,900,000
    Value Estimations
    $2,930,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0635870
    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

    • Zurich / Insurance Agency

    Property Details for 2705 Atlantic Blvd

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Property size
    5,027 SF
    Zone code
    CCG-1
    Property type
    Parking lots & garages
    APN
    145851-0000
    APU
    1458510000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,025,000
      ML approach
      $2,900,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.636
    Latitude
    30.3059
    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
    $907
    $39,205
    $5,920
    $45,125
    -
    $39,205
    $5,920
    $45,125

    Comparable in this City

    • Value Estimation by Request
      5.66 Acres

      Philips Hwy

      PARKING LOT • 5.66 Acres
      Philips Hwy, Jacksonville, FL 32207
      View Details
    • Value Estimation
      $2,505,000
      984 SF

      5849 Hickson Rd

      PARKING LOT • 984 SF
      5849 Hickson Rd, Jacksonville, FL 32207
      View Details
    • Value Estimation by Request
      436,458 SF

      1350 Flagler Ave

      PARKING GARAGE, PARKING STRUCTURE • 436,458 SF
      1350 Flagler Ave, Jacksonville, FL 32207
      View Details
    • Value Estimation by Request
      100 SF

      2130 San Marco Blvd, Unit G-17

      RESIDENTIAL PARKING GARAGE • 100 SF
      2130 San Marco Blvd, Jacksonville, FL 32207-3269
      View Details
    • Value Estimation by Request
      100 SF

      16 Le Baron Ave

      RESIDENTIAL PARKING GARAGE • 100 SF
      16 Le Baron Ave, Jacksonville, FL 32207
      View Details
    • Value Estimation by Request
      100 SF

      28 Le Baron Ave

      RESIDENTIAL PARKING GARAGE • 100 SF
      28 Le Baron Ave, Jacksonville, FL 32207
      View Details

    Similar Nearby for Sale

    • $1,595,000
      2,640 SF

      Jacksonville Gas Station and Store

      Gas station and convenience store on 0.6 acres in Jacksonville.
      3610 Beach Blvd, Jacksonville, FL 32207
      View Details
    • $975,000
      2,339 SF

      Prime Jacksonville Auto Shop

      Established Auto Shop, Turnkey Opportunity
      2973 Philips Hwy, Jacksonville, FL 32207
      View Details
    • $99,900
      1,413 SF

      Jacksonville Retail Business Opportunity

      Prime Philips Hwy location, established business.
      2919 Philips Hwy, Jacksonville, FL 32207
      View Details
    • $399,900
      1,219 SF

      Retail Storefront on Beach Boulevard

      Retail storefront building and land in high-traffic location.
      5209 Beach Blvd, Jacksonville, FL 32207
      View Details
    • $400,000

      Prime Jacksonville Retail Space

      High-traffic location, excellent investment.
      4350 Spring Park Rd, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      4.06 Acres

      San Jose Blvd Portfolio - 7 Buildings

      Prime Jacksonville mixed-use investment opportunity.
      5121 San Jose Blvd, Jacksonville, FL 32207
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,450 SF

      Retail Space Near San Marco

      Retail space available in Jacksonville near San Marco Square.
      4424-4446 Hendricks Ave, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      35,000 SF

      Versatile Jacksonville Commercial Space Available

      Office, showroom, and warehouse spaces near I-95 and downtown.
      3261 Phillips Hwy, Jacksonville, FL 32207
      View Details
    • $14 SF/Yr
      20,440 SF

      Fairmont Street Business Park

      Jacksonville Flex Warehouse Space
      5317 Fairmont St, Jacksonville, FL 32207
      View Details
    • $25 SF/Yr
      1,653 SF

      San Marco Blvd Office Space

      Historic Jacksonville Office, Updated 2017
      1558 San Marco Blvd, Jacksonville, FL 32207
      View Details
    • $23 SF/Yr
      23,592 SF

      5960 Beach Blvd

      Lifestyle centers • 23,592 SF
      5960 Beach Blvd, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      54,297 SF

      Beach Blvd. Commercial Property

      Jacksonville medical office space, high traffic.
      5940 Beach Blvd, Jacksonville, FL 32207
      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.
    2705 Atlantic Blvd
    Jacksonville, FL 32207-3701
    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.