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Property profile & analytics
OFF-MARKET
Estimated value
$2,635,000
Medical Office Space
280 Dundas Dr Jacksonville, FL 32218-5517
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5466703
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,316 SF
Lot
2.15 ac (93,524 SF)
Zoning code
IBP
APN
044279-1850
UPID
US18-5466703
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Coastal Spine and Pain Center Physician
-
Paul Duff Physician
-
Mr. Alexander Pujol Physician
-
Miguel Scuderi Pediatrician Physician
-
PATRICK JAMES BURNS Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.70M
CAP Approach
CAP
$1.79M
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$2.64M
Owner & transaction history
280 Dundas Coastal Medical Jacksonv · 4 yrs held
280 Dundas Coastal Medical Jacksonv
since 2021
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
IBP · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.9M
+53.1%
Commercial (general)
$2.1M
+10.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jacksonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jacksonville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue 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
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,900,000
Current use
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
Blend value · Realmo final
$2.64M
Range $2.37M – $2.90M · ±10% · vs last sale $2.54M (Aug 11 2021)
Last sale anchor
$2.54M
Aug 11 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$317 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,910
Tax year 2023
Assessed value
$900,600
Assessed 2023
Previous assessed
$823,900
+9.3% YoY
Effective rate
1.88%
On assessed value
Assessed land
$218,171
Assessed improvement
$682,429
Land market value
$218,171
Improvement market value
$682,429
Total market value
$900,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
22
Rooms
22
Bathrooms
22
Total area
8,316 SF
Lot
2.15 ac (93,524 SF)
Zoning code
IBP
APN
044279-1850
UPID
US18-5466703
Jurisdiction
DUVAL
Zoning & alternative use
IBP · Jacksonville, FL
Zoning IBP · permitted uses
IBP · Jacksonville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jacksonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
22
Rooms
22
Bathrooms
22
Lot
2.15 ac
Current owner
From public records · entity-resolved
280 Dundas Coastal Medical Jacksonv
Individual
Mailing address
65 N MAIN ST UNIT #404, CRANBURY, NJ 08512-7015
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2021
$2,538,900
280 Dundas Coastal Medical Jacksonv
Smp Dundas LLC
Warranty Deed
$2,031,110 · One Florida Bank
Jul 2, 2021
$930,000
Smp Dundas LLC
Powell Northside Real Estate LLC
Warranty Deed
—
May 17, 2017
—
Kenneth Powell
—
Deed
related
$1,000,000 · Td Bank NA
Nov 10, 1999
$825,000
S W Imaging LLC
Busch Drive Ltd
Grant Deed
$660,000 · Cnb National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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