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

    280 Dundas Dr Jacksonville, FL 32218-5517

    • Medical offices
    • 8,316 SF
    • 2.15 lot acres
    OFF-MARKET
    Last Sale
    Aug 11, 2021
    $2,538,900
    Value Estimations
    $2,250,000
    Show details
    Cap Rate Potential
    4.2%
    Medical offices
    Location Intelligence
    Property ID
    US18-5466703
    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

    • Coastal Spine and Pain Center / Pain Control Clinic / Rehabilitation Center
    • Paul Duff / Physician Assistant
    • Mr. Alexander Pujol / Physician Assistant
    • Miguel Scuderi / Family Practice Physician
    • PATRICK JAMES BURNS / Pain Management Physician

    Property Details for 280 Dundas Dr

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.15 lot acres
    Property size
    8,316 SF
    Zone code
    IBP
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    044279-1850
    APU
    442791850

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,760,000
      ML approach
      $2,700,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,930,000
      6.5%
      $1,785,000
      7%
      $1,655,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,660,000
      Market price range: $896k - $2.91M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,900,000
      Current use
      RESTAURANT
      $4,415,000
      Change: +132% Conversion: Difficult
      OFFICE BUILDING
      $2,910,000
      Change: +53% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,100,000
      Change: +10% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,775,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6484
    Latitude
    30.4276
    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
    $16,910
    $218,171
    $682,429
    $900,600
    -
    $218,171
    $682,429
    $900,600

    Comparable in this City

    • Value Estimation
      $1,260,000
      5,810 SF

      2363 Dunn Ave

      MEDICAL BUILDING • 5,810 SF
      2363 Dunn Ave, Jacksonville, FL 32218-4695
      View Details
    • Value Estimation
      $385,000
      9,838 SF

      1840 Dunn Ave

      MEDICAL BUILDING • 9,838 SF
      1840 Dunn Ave, Jacksonville, FL 32218-4799
      View Details
    • Value Estimation
      $340,000
      2,796 SF

      1413 Dunn Ave

      MEDICAL BUILDING • 2,796 SF
      1413 Dunn Ave, Jacksonville, FL 32218-4835
      View Details
    • Value Estimation
      $230,000
      2,512 SF

      2363 Dunn Ave Ste, Unit 2

      MEDICAL BUILDING • 2,512 SF
      2363 Dunn Ave Ste, Jacksonville, FL 32218-9327
      View Details
    • Value Estimation
      $410,000
      4,988 SF

      524 Skymarks Dr

      MEDICAL BUILDING • 4,988 SF
      524 Skymarks Dr, Jacksonville, FL 32218-7254
      View Details
    • Value Estimation
      $275,000
      3,733 SF

      2032 Dunn Ave

      MEDICAL BUILDING • 3,733 SF
      2032 Dunn Ave, Jacksonville, FL 32218-4716
      View Details

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      Medical Office on Corner Lot

      Well-maintained medical office with expansion potential on a corner lot.
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    • $329,900
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      Medical Office with Expansion Potential

      Well-maintained medical office on a high-visibility corner lot.
      2762 Dunn Avenue Ter, Jacksonville, FL 32218
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    • $2,499,999
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      Busch Drive Office Investment Opportunity

      Office investment opportunity in North Jacksonville's thriving Busch Drive Business Park.
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      Jacksonville Mixed-Use Investment Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
      112,000 SF

      Duval Station: Office Suites Available

      Jacksonville, FL: Prime Office Space
      14043 Main St, Jacksonville, FL 32218
      View Details
    • $32 SF/Yr
      17,500 SF

      Lady Lake Rd Office Suites

      Jacksonville Office Space: 1,500-8,750 SF
      0 Lady Lake Rd, Jacksonville, FL 32218
      View Details
    • $17 SF/Yr
      12,000 SF

      Jacksonville Office Space for Lease

      1,250 SF Office, Prime Location
      3450 Dunn Ave, Jacksonville, FL 32218
      View Details
    • $16 SF/Yr
      1,200 SF

      Medical/Professional Office Space Available

      Medical/Professional office park in Jacksonville's Northside market.
      2255 Dunn Ave, Jacksonville, FL 32218
      View Details
    • $2,500 /Mo
      1,250 SF

      Office Space on N. Main

      Office space for rent on N. Main Street.
      13453 N Main St, Jacksonville, FL 32218
      View Details
    • $2,000 /Mo
      2,400 SF

      Office Warehouse Condo Unit

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      View Details
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    280 Dundas Dr
    Jacksonville, FL 32218-5517
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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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