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    Property profile & analytics

    2777 W University Blvd Jacksonville, FL 32216

    • Strip malls
    • 57,024 SF
    • 5.59 lot acres
    For Lease
    View listing
    $3,636 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3598143
    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

    • Amy Annelle McCoy, DO / Family Practice Physician / Practitioner Service Location
    • Brandon All-Stars Jacksonville / Gym / Gymnastics Center
    • Pinch A Penny Pool Patio Spa / Swimming Pool Supply Store
    • First Coast Divers / Travel Agency / Dive Shop
    • Max’s Oriental Mart / Asian Grocery Store

    Property Details for 2777 W University Blvd

    Year built
    1977
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.59 lot acres
    Property size
    57,024 SF
    Zone code
    CCG-1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    147857-0200
    APU
    1478570200

    Description

    The Shoppes of San Jose, a Class A, single-story shopping center in Jacksonville, Florida, presents a compelling investment opportunity. This 56,479 square foot property, located at 2777 University Blvd W, boasts 13 suites and ample parking (249 spaces). Built in 1972 and extensively renovated in 2016, the center features an L-shaped design providing excellent visibility from University Blvd. Currently, two retail spaces are available, ranging from 6,420 to 6,835 square feet, ideal for a variety of businesses. The property benefits from a shadow anchor, a Publix shopping center, driving significant foot traffic. The zoning is CCG-1, County, within Duval County (APN: 147857-0200). This well-maintained center offers a strong foundation for immediate occupancy and long-term growth, making it an attractive addition to any portfolio. The property's location in a thriving area of Jacksonville ensures high visibility and accessibility for potential tenants. The combination of its prime location, recent renovations, and existing tenant base makes this a highly desirable retail investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $9,155,000
      Current use
      RETAIL STORES
      $10,325,000
      Change: +13% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $9,410,000
      Change: +3% Conversion: Difficult
      OFFICE BUILDING
      $7,725,000
      Change: -16% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6306
    Latitude
    30.2617
    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
    $114,540
    $1,380,711
    $5,960,289
    $7,341,000
    -
    $1,380,711
    $5,960,289
    $7,341,000

    Comparable in this City

    • Value Estimation
      $1,260,000
      10,800 SF

      3861 Baymeadows Rd

      SHOPPING CENTER, STRIP CENTER • 10,800 SF
      3861 Baymeadows Rd, Jacksonville, FL 32217-4634
      View Details
    • Value Estimation
      $1,400,000
      4,845 SF

      2934 University W Blvd

      SHOPPING CENTER, STRIP CENTER • 4,845 SF
      2934 University W Blvd, Jacksonville, FL 32217-2119
      View Details
    • Value Estimation
      $3,655,000
      27,649 SF

      5250 Baymeadows Rd

      SHOPPING CENTER, STRIP CENTER • 27,649 SF
      5250 Baymeadows Rd, Jacksonville, FL 32217-4837
      View Details
    • Value Estimation
      $2,600,000
      20,646 SF

      5111 Baymeadows Rd

      SHOPPING CENTER, STRIP CENTER • 20,646 SF
      5111 Baymeadows Rd, Jacksonville, FL 32217-4803
      View Details
    • Value Estimation
      $1,935,000
      14,190 SF

      3832 Baymeadows Rd, Unit 110

      SHOPPING CENTER, STRIP CENTER • 14,190 SF
      3832 Baymeadows Rd, Jacksonville, FL 32217-5607
      View Details
    • Value Estimation
      $1,800,000
      9,849 SF

      6225 Saint Augustine Rd

      SHOPPING CENTER, STRIP CENTER • 9,849 SF
      6225 Saint Augustine Rd, Jacksonville, FL 32217-2508
      View Details

    Similar Nearby for Sale

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      Jacksonville Warehouse Opportunity

      Established Business, High Traffic Area
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    • $1,100,000
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      San Jose Blvd. Retail Storefront

      Prime Jacksonville location, 2,870 SF, $1.1M
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      Freestanding Building on San Jose

      2,870± SF building suitable for retail or medical office.
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    • $49,000
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      Established Juice Bar in Jacksonville

      Well-equipped juice bar for sale in a prime location.
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    • $2,600,000
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      Lumen At Baymeadows: Senior Living Opportunity

      Jacksonville, FL: 135-unit senior living campus
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      Prime Medical Office, 2,063 SF, $600K
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    Similar Nearby for Lease

    • Contact for pricing
      874 SF

      Retail Space in Open-Air Center

      Retail space available in a repainted open-air shopping center.
      1525-1567 University Blvd W, Jacksonville, FL 32217
      View Details
    • Contact for pricing
      2,670 SF

      Retail Space in Open-Air Center

      Retail space available in a repainted open-air center.
      6012-6030 San Jose Blvd W, Jacksonville, FL 32217
      View Details
    • Contact for pricing
      1,889 SF

      Retail Space in Lakewood Promenade

      Open-air retail center with high traffic and tenant mix.
      1500-1518 University Blvd W, Jacksonville, FL 32217
      View Details
    • $26 SF/Yr
      1,299 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility and ample parking available for lease.
      3832 Baymeadows Rd, Jacksonville, FL 32217
      View Details
    • Contact for pricing
      56,479 SF

      San Jose Shopping Center Investment

      Prime Jacksonville Retail Space Available
      2777 University Blvd, Jacksonville, FL 32217
      View Details
    • Contact for pricing
      2,001 SF

      Retail Space in Open-Air Center

      Retail space available in a repainted open-air shopping center.
      1607-1619 University Blvd W, Jacksonville, FL 32217
      View Details
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    Jacksonville, FL 32216
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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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