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    Property profile & analytics

    332 Adams St Jacksonville, FL 32202

    • Commercial real estate
    • 3,667 SF
    For Sale
    View listing
    $730,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0684812
    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

    • Crews All Nite Bail Bonds Inc & All American Bail Bonds / Law Firm
    • All American Bail Bonds / Law Firm
    • 904 Bail / Law Firm
    • Dell's Bad Boys Bail Bonds / Law Firm
    • Duval Tees / Clothing Store

    Property Details for 332 Adams St

    Year built
    1901
    Property size
    3,667 SF
    Property type
    Commercial real estate

    Description

    This exceptional 3,667 square foot office building presents a rare opportunity in the heart of Downtown Jacksonville, Florida. Built in 1901, this two-story traditional office building boasts a rich history and classic architectural details. The property is situated at 332 E Adams St, zip code 32202, in Duval County, offering convenient access to the city's vibrant business district. The building sits on approximately 1.126 acres of commercially zoned land. Parking is provided with five designated spaces, supplemented by ample on-street parking options. The asking price for this unique property is $730,000. This is an ideal investment for those seeking a historic landmark with significant potential for redevelopment or continued use as a traditional office space. The property's prime location and substantial square footage make it a highly attractive proposition in the competitive Jacksonville commercial real estate market. Its historical significance adds to its unique appeal, offering a blend of character and modern functionality. Serious inquiries are encouraged to explore this remarkable opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.653051592547
    Latitude
    30.326770191118

    Comparable in this City

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      Downtown Jacksonville Office with Parking

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    • $247,830
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      221,952 SF

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      Downtown Jacksonville Executive Office Suite

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    • $1,190,000
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      Downtown Jacksonville Mixed-Use Building

      Three-story building with retail, hospitality, and residential potential.
      112 E Forsyth St, Jacksonville, FL 32202
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    Similar Nearby for Sale

    • $1,095,000
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      Downtown Jacksonville Office with Parking

      Renovated office building near downtown Jacksonville with parking.
      531 W Union St, Jacksonville, FL 32202
      View Details
    • $247,830
      1,502 SF

      Downtown Jacksonville Executive Suite

      Prime Office Space, Stunning Views
      233 Bay St, Jacksonville, FL 32202
      View Details
    • Contact for pricing
      221,952 SF

      Premier Downtown Jacksonville Office Retail

      Class A office and retail space in revitalized Brooklyn/Riverside neighborhood.
      501 Riverside Ave, Jacksonville, FL 32202
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    • Contact for pricing
      137,000 SF

      Downtown Jacksonville Office Building

      Office building in Jacksonville's Sports & Entertainment District.
      Tower Pl, Jacksonville, FL 32202
      View Details
    • $553,905
      3,357 SF

      Downtown Jacksonville Executive Office Suite

      Iconic Blackstone Building, Stunning City Views
      233 Bay St, Jacksonville, FL 32202
      View Details
    • $1,190,000
      1,680 SF

      Downtown Jacksonville Mixed-Use Building

      Three-story building with retail, hospitality, and residential potential.
      112 E Forsyth St, Jacksonville, FL 32202
      View Details

    Similar Nearby for Lease

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      104,804 SF

      Downtown Jacksonville Office Space

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      7,010 SF

      Broad Street Office Building

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      Downtown Jacksonville Office Space

      Class A Office Suites, Flexible Sizes
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    • $21 SF/Yr
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      Renovated Office Space Near Courthouse

      Turn-key office space in historic building, convenient downtown location.
      501 W Bay St, Jacksonville, FL 32202
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    • $9 SF/Yr
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      Jacksonville Office Space for Lease

      Flexible Workspaces in Downtown Jacksonville
      204 Laura St, Jacksonville, FL 32202
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    332 Adams St
    Jacksonville, FL 32202
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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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