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301 Bay St Jacksonville, FL 32202-2908

OFF-MARKET Office buildings Google Maps
3,590 SF 0.08 ac lot Built 1904
Entity Owned 2-yr Hold ~ Est. High Equity
Estimated value (blended)
$650k
Range $585k – $715k (±10%)
Property ID US18-8385277

Property summary

AI-generated overview

301 W Bay Street in Jacksonville, Florida, presents a significant opportunity within the Downtown Northbank submarket. This 30-story, Class A office tower, built in 1983, offers 962,000 square feet of rentable space, making it one of the largest in the state. The building boasts impressive views of the St. Johns River and the city's skyline. With 19 suites available, space is divisible to a minimum of 1,700 square feet and up to a contiguous 124,550 square feet. Currently, 361,650 square feet is vacant, presenting a substantial opportunity for lease. The building features ample parking with 2382 spaces and elevators for convenient access to all floors. Its prime location, one block from the Duval County Courthouse, provides easy access to numerous hotels, restaurants, and entertainment options. The building's central business district location ensures high visibility and accessibility. This iconic Jacksonville landmark offers unparalleled service, comfort, and convenience to its tenants. The address is 301 W Bay St, Jacksonville, FL 32202, with cross streets of Bay, Pearl, Forsyth, and Julia Streets.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1904
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,590 SF
Lot 0.08 ac (3,615 SF)
Zoning code CCBD
APN 073360-0030
UPID US18-8385277

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Law Firm
  • Law Firm
  • Law Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$650k
CAP Approach CAP
$845k
Comparable Approach Comparable
$685k
Blend (final) Blend
$650k

Owner & transaction history

since 2024
Last sale
$649,000
2 recorded transactions
2024
$649,000
2017
Price N/A

Zoning & alternative use

CCBD · Jacksonville, FL
Zoning description

CCG, CCBD and CR zoning districts- (i) One street frontage sign per lot not exceeding one square foot for each linear foot of street frontage, per street, to a maximum size of 300 square feet in area for every 300 linear…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $960,000 +110.4%
Medical building $820,000 +79.5%
Auto repair, garage $765,000 +67.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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