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

    2845 University W Blvd Jacksonville, FL 32217-2116

    • Medical offices
    • 6,750 SF
    • 0.78 lot acres
    OFF-MARKET
    Value Estimations
    $1,395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3798819
    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

    • Normandy Lake Dentistry - Lakewood Jacksonville / Dentist / Cosmetic Dentist
    • Dr. Nicholas Wallace / Dentist
    • Dr. Van Che / Dentist
    • Esteban Valiente / Dentist
    • Dr. Victoria Tidwell / Dentist

    Property Details for 2845 University W Blvd

    Year built
    2016
    Construction
    STEEL FRAME
    Lot size
    0.78 lot acres
    Property size
    6,750 SF
    Zone code
    CCG-1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    147857-0100
    APU
    1478570100

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,825,000
      6.5%
      $1,680,000
      7%
      $1,560,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,177,000
      Market price range: $423k - $1.18M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,540,000
      Current use
      COMMERCIAL (GENERAL)
      $1,705,000
      Change: +10% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,440,000
      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
    -81.6299
    Latitude
    30.2613
    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
    $37,123
    $341,250
    $1,690,550
    $2,031,800
    -
    $341,250
    $1,690,550
    $2,031,800

    Comparable in this City

    • Value Estimation
      $675,000
      3,880 SF

      8837 Goodbys Executive Dr

      MEDICAL BUILDING • 3,880 SF
      8837 Goodbys Executive Dr, Jacksonville, FL 32217-4605
      View Details
    • Value Estimation
      $570,000
      2,870 SF

      6057 San Jose W Blvd

      MEDICAL BUILDING • 2,870 SF
      6057 San Jose W Blvd, Jacksonville, FL 32217
      View Details
    • Value Estimation
      $515,000
      3,236 SF

      3940 San Jose Park Dr

      MEDICAL BUILDING • 3,236 SF
      3940 San Jose Park Dr, Jacksonville, FL 32217-4613
      View Details
    • Value Estimation by Request
      1,270 SF

      8613 Old Kings Rd S Ste, Unit 301

      MEDICAL BUILDING • 1,270 SF
      8613 Old Kings Rd S Ste, Jacksonville, FL 32217-4845
      View Details
    • Value Estimation
      $580,000
      3,397 SF

      8823 Goodbys Executive Dr

      MEDICAL BUILDING • 3,397 SF
      8823 Goodbys Executive Dr, Jacksonville, FL 32217-4605
      View Details
    • Value Estimation by Request
      2,240 SF

      6802 Saint Augustine Rd

      MEDICAL BUILDING • 2,240 SF
      6802 Saint Augustine Rd, Jacksonville, FL 32217-2818
      View Details

    Similar Nearby for Sale

    • $600,000
      2,063 SF

      Jacksonville Medical Office Building

      Prime Medical Office, 2,063 SF, $600K
      4232 Baymeadows Rd, Jacksonville, FL 32217
      View Details
    • $699,000
      2,870 SF

      Freestanding Building on San Jose

      2,870± SF building suitable for retail or medical office.
      6052 San Jose Blvd W, Jacksonville, FL 32217
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      Prime Southside location, 2 units, 2440 sq ft
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    • $285,000

      Brierwood Office Park: Prime Jacksonville Office

      Jacksonville Office Building: $285,000, 1,306 sq ft lot.
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    • $600,000
      2,063 SF

      Baymeadows Road Office Space

      Office space available for sale on Baymeadows Road.
      4232 Baymeadows Rd, Jacksonville, FL 32217
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    • $130,000

      Jacksonville Warehouse Opportunity

      Established Business, High Traffic Area
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    Similar Nearby for Lease

    • $1,900 /Mo
      1,200 SF

      New Commercial Space in Jacksonville

      New construction commercial space with flexible layouts and pre-construction incentives.
      Dupont Station Ct, Jacksonville, FL 32217
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    • Contact for pricing
      20,640 SF

      Prime Jacksonville Office Space

      Class-A Office Suites, Flexible Sizes
      8823 San Jose Blvd, Jacksonville, FL 32217
      View Details
    • $14 SF/Yr
      4,920 SF

      University Blvd Office Space Available

      Professional or medical spaces for lease on University Blvd.
      1712 University Blvd S, Jacksonville, FL 32217
      View Details
    • $20 SF/Yr
      1,220 SF

      Southside Office Space Available

      Professional or medical office space for rent in Jacksonville.
      6277 E Dupont Station Ct, Jacksonville, FL 32217
      View Details
    • $1,900 /Mo

      New Construction Commercial Space Available

      New commercial spaces for lease in established DuPont Business Park.
      Dupont Station Ct, Jacksonville, FL 32217
      View Details
    • Contact for pricing
      650 SF

      Office Space in Jacksonville, FL

      Office space for rent in a prime Jacksonville location.
      4241 Baymeadows Rd, Jacksonville, FL 32217
      View Details
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    Jacksonville, FL 32217-2116
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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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