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

    2931 Plummer Cv Rd Jacksonville, FL 32223-6610

    • Office buildings
    • 3,143 SF
    • 0.54 lot acres
    OFF-MARKET
    Last Sale
    Apr 04, 2024
    $700,000
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    6.9%
    Office buildings
    Location Intelligence
    Property ID
    US18-9465495
    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

    • Unify Health Services LLC / Physician
    • Alliance Specialty Underwriters / Insurance Agency
    • noah / Corporate Office
    • Oakwell Companies LLC / Consultant

    Property Details for 2931 Plummer Cv Rd

    Year built
    1996
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.54 lot acres
    Property size
    3,143 SF
    Zone code
    CO
    Property type
    Office buildings
    APN
    155935-0040
    APU
    1559350040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

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

    • CAP approach

      CAP Return
      Estimation
      6%
      $805,000
      6.5%
      $740,000
      7%
      $690,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $492,000
      Market price range: $407k - $705k
      AI Estimate
      $561,000
      Market price range: $538k - $696k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $560,000
      Current use
      COMMERCIAL (GENERAL)
      $795,000
      Change: +42% Conversion: Easy
      MEDICAL BUILDING
      $720,000
      Change: +29% Conversion: Easy
      AUTO REPAIR, GARAGE
      $670,000
      Change: +20% Conversion: Difficult
      RETAIL STORES
      $570,000
      Change: +2% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $505,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6311
    Latitude
    30.1814
    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
    $7,385
    $71,875
    $327,025
    $398,900
    -
    $71,875
    $327,025
    $398,900

    Comparable in this City

    • Value Estimation
      $7,875,000
      41,518 SF

      12276 San Jose Blvd, Unit 400

      OFFICE BUILDING • 41,518 SF
      12276 San Jose Blvd, Jacksonville, FL 32223-8628
      View Details
    • Value Estimation
      $1,270,000
      6,020 SF

      11363 San Jose Blvd Ste, Unit 200

      OFFICE BUILDING • 6,020 SF
      11363 San Jose Blvd Ste, Jacksonville, FL 32223-7959
      View Details
    • Value Estimation
      $1,005,000
      5,050 SF

      12708 San Jose Blvd

      OFFICE BUILDING • 5,050 SF
      12708 San Jose Blvd, Jacksonville, FL 32223-2689
      View Details
    • Value Estimation
      $2,220,000
      10,588 SF

      11945 San Jose Blvd Ste, Unit 300

      OFFICE BUILDING • 10,588 SF
      11945 San Jose Blvd Ste, Jacksonville, FL 32223-1627
      View Details
    • Value Estimation by Request
      1,140 SF

      12058 San Jose Blvd Ste, Unit 501

      OFFICE BUILDING • 1,140 SF
      12058 San Jose Blvd Ste, Jacksonville, FL 32223-8668
      View Details
    • Value Estimation by Request
      1,140 SF

      12443 San Jose Blvd Ste, Unit 703

      OFFICE BUILDING • 1,140 SF
      12443 San Jose Blvd Ste, Jacksonville, FL 32223-8653
      View Details

    Similar Nearby for Sale

    • $336,000
      1,200 SF

      Jacksonville Office/Retail Suite For Sale

      Ground-level office/retail suite in Mandarin, Jacksonville, ideal for various uses.
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    • Contact for pricing

      Southside/Mandarin Office/Medical Space Available

      Office/medical space for sale in a high-demand location.
      2965 Plummer Cove Rd, Jacksonville, FL 32223
      View Details
    • New
      $249,500
      0.32 Acres

      Land in Coveted Jacksonville Setting

      Build your dream home on this private, beautiful lot.
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    • Contact for pricing

      Publix Anchored Retail Center

      Retail center anchored by Publix in Mandarin area.
      11406 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • $1,250,000
      4.00 Acres

      Mandarin Land Tract Opportunity

      4-acre land in Mandarin, ideal for residential or investment.
      13936 Mandarin Tract A Rd, Jacksonville, FL 32223
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    • $599,900

      Waterfront Lot with Powered Dock

      Vacant waterfront lot with 430-foot dock and boathouse.
      2530 Kirkwood Cove Ln, Jacksonville, FL 32223
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    Similar Nearby for Lease

    • $3,819 /Mo
      Pending

      Professional Office Space in Jacksonville

      Class A medical and office park in South Mandarin.
      12276 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • $26 SF/Yr
      291 SF

      Office Space For Rent

      Office space available for lease in Jacksonville, Florida.
      11234 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • $26 SF/Yr
      1,619 SF

      Professional Office Space Available

      Move-in ready office suite with ample parking and signage.
      12420 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • $6,882 /Mo
      3,371 SF

      Jacksonville Professional Medical/Office Space

      Class A office park with medical and office spaces available.
      12276 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • $5,015 /Mo
      2,706 SF

      Class A Office Park Space

      Professional medical and office park in South Mandarin, Jacksonville.
      12276 San Jose Blvd, Jacksonville, FL 32223
      View Details
    • $15 SF/Yr
      950 SF

      Office Space For Rent

      950 square feet office space available for lease.
      12708 San Jose Blvd, Jacksonville, FL 32223
      View Details
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    2931 Plummer Cv Rd
    Jacksonville, FL 32223-6610
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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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