Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    324 3rd N Ave Jacksonville Beach, FL 32250-5602

    • Medical offices
    • 2,100 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Jun 30, 2021
    $650,000
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    5%
    Medical offices
    Location Intelligence
    Property ID
    US18-4461119
    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

    • Medical offices

    Property Details for 324 3rd N Ave

    Year built
    1971
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Property size
    2,100 SF
    Zone code
    JC-1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    173821-0000
    APU
    1738210000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $685,000
      ML approach
      $665,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $565,000
      6.5%
      $525,000
      7%
      $485,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $397,000
      Market price range: $226k - $736k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $480,000
      Current use
      OFFICE BUILDING
      $555,000
      Change: +16% Conversion: Easy
      COMMERCIAL (GENERAL)
      $530,000
      Change: +10% Conversion: Easy
      AUTO REPAIR, GARAGE
      $450,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville Beach
    County
    Duval
    State
    Florida
    Longitude
    -81.3933
    Latitude
    30.2915
    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
    $8,293
    $437,500
    $6,900
    $444,400
    -
    $437,500
    $6,900
    $444,400

    Comparable in this City

    • Value Estimation
      $885,000
      5,856 SF

      350 10th S Ave

      MEDICAL BUILDING • 5,856 SF
      350 10th S Ave, Jacksonville Beach, FL 32250-5136
      View Details
    • Value Estimation by Request
      2,400 SF

      274 3rd S Ave

      MEDICAL BUILDING • 2,400 SF
      274 3rd S Ave, Jacksonville Beach, FL 32250-6727
      View Details
    • Value Estimation
      $965,000
      7,059 SF

      905 Bch Blvd

      MEDICAL BUILDING • 7,059 SF
      905 Bch Blvd, Jacksonville Beach, FL 32250-4303
      View Details
    • Value Estimation by Request
      2,345 SF

      1121 Bch Blvd

      MEDICAL BUILDING • 2,345 SF
      1121 Bch Blvd, Jacksonville Beach, FL 32250-3446
      View Details
    • Value Estimation
      $3,035,000
      4,021 SF

      14006 Bch Blvd

      MEDICAL BUILDING • 4,021 SF
      14006 Bch Blvd, Jacksonville, FL 32250-1597
      View Details
    • Value Estimation
      $500,000
      2,580 SF

      484 Jacksonville Dr

      MEDICAL BUILDING • 2,580 SF
      484 Jacksonville Dr, Jacksonville Beach, FL 32250-3812
      View Details

    Similar Nearby for Sale

    • $899,000
      1,624 SF

      Jacksonville Beach Medical Spa Building

      Retro medical spa building steps from Jacksonville Beach.
      611 4Th St N, Jacksonville, FL 32250
      View Details
    • $5,250,000
      17,658 SF

      Key West Style Office Building

      Two-story office building in a desirable coastal location.
      1909 Beach Blvd, Jacksonville Beach, FL 32250
      View Details
    • $7,400,000
      11,491 SF

      Oceanfront Jacksonville Beach Redevelopment

      Prime oceanfront redevelopment, high demand area.
      831 1St Ave, Jacksonville Beach, FL 32250
      View Details
    • Contact for pricing
      9,856 SF

      Jacksonville Beach Professional Office Building

      One-story office building in Central Jacksonville Beach with stunning finishes.
      1114 Beach Blvd, Jacksonville Beach, FL 32250
      View Details
    • New
      $450,000
      Pending

      Jacksonville Beach Office/Retail Condo

      1,000 SF remodeled condo in Jacksonville Beach, Florida.
      1301 Penman Rd, Jacksonville Beach, FL 32250
      View Details
    • $699,000
      1,800 SF

      Jacksonville Beach Duplex Opportunity

      Duplex near the beach with income-producing potential.
      555 7Th Ave S, Jacksonville Beach, FL 32250
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,340 SF

      Beach Plaza Office Outparcel

      Prime Beach Blvd Office Space
      1198 Beach Blvd, Jacksonville Beach, FL 32250
      View Details
    • Contact for pricing
      13,340 SF

      Beachfront Restaurant Opportunity

      Jacksonville Beach retail space, rooftop potential.
      1198 Beach Blvd, Jacksonville Beach, FL 32250
      View Details
    • $24 SF/Yr
      6,400 SF

      Jacksonville Beach Former Daycare Facility

      Recently built-out daycare/primary care facility near Jacksonville Beach.
      2344 3Rd St S, Jacksonville, FL 32250
      View Details
    • Contact for pricing
      39,181 SF

      Retail Space in High-Traffic Plaza

      Retail and medical spaces available in a vibrant, anchored shopping center.
      14444 Beach Blvd, Jacksonville Beach, FL 32250
      View Details
    • Contact for pricing
      500 SF

      Prime Jax Beach Executive Office

      500 sq ft, Class A, Single Tenant
      1522 Penman Rd, Jacksonville Beach, FL 32250
      View Details
    • Contact for pricing
      3,289 SF

      Beach Boulevard Retail/Office Opportunity

      Retail and office spaces available near Jacksonville Beach.
      1500 Beach Blvd, Jacksonville Beach, FL 32250
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    324 3rd N Ave
    Jacksonville Beach, FL 32250-5602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!