Sign Up Successful!
You now have access to more from Realmo!
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

    3430 Kori Rd Jacksonville, FL 32257-4406

    • Office buildings
    • 6,816 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimations
    $950,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5618796
    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

    • Legacy Planning Law Group / Elder Law Attorney / Attorney
    • One Eighty Products / Alternative Medicine Practitioner / Service Establishment
    • Mathews & Cripe / Accountant
    • Luce Air Quality / Environmental Consultant / Asbestos Testing Service
    • Massage & Health Inc / Massage Therapist

    Property Details for 3430 Kori Rd

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.62 lot acres
    Property size
    6,816 SF
    Zone code
    CCG-1
    Property type
    Office buildings
    APN
    148976-0060
    APU
    1489760060

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,056,000
      Market price range: $880k - $1.61M
      AI Estimate
      $863,000
      Market price range: $407k - $1.47M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,205,000
      Current use
      MEDICAL BUILDING
      $1,555,000
      Change: +29% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,455,000
      Change: +20% Conversion: Difficult
      RETAIL STORES
      $1,235,000
      Change: +2% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,125,000
      Change: -7% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,095,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.621
    Latitude
    30.2036
    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
    $14,163
    $201,247
    $567,853
    $769,100
    -
    $201,247
    $567,853
    $769,100

    Comparable in this City

    • Value Estimation by Request
      1,320 SF

      10828 Hampton Rd

      OFFICE BUILDING • 1,320 SF
      10828 Hampton Rd, Jacksonville, FL 32257-6908
      View Details
    • Value Estimation
      $7,660,000
      35,880 SF

      5520 Florida Mining S Blvd

      OFFICE BUILDING • 35,880 SF
      5520 Florida Mining S Blvd, Jacksonville, FL 32257-3647
      View Details
    • Value Estimation
      $1,800,000
      14,491 SF

      9803 Old Saint Augustine Rd

      OFFICE BUILDING • 14,491 SF
      9803 Old Saint Augustine Rd, Jacksonville, FL 32257-8854
      View Details
    • Value Estimation
      $13,060,000
      58,604 SF

      9540 San Jose Blvd

      OFFICE BUILDING • 58,604 SF
      9540 San Jose Blvd, Jacksonville, FL 32257-5432
      View Details
    • Value Estimation
      $1,985,000
      10,164 SF

      4114 Sunbeam Rd Ste, Unit 400

      OFFICE BUILDING • 10,164 SF
      4114 Sunbeam Rd Ste, Jacksonville, FL 32257-8870
      View Details
    • Value Estimation
      $1,195,000
      8,424 SF

      3840 Crown Pt Rd

      OFFICE BUILDING • 8,424 SF
      3840 Crown Pt Rd, Jacksonville, FL 32257-5991
      View Details

    Similar Nearby for Sale

    • $2,125,000
      9,896 SF

      Southside/Mandarin Owner-Occupied Office Building

      Well-maintained office building in Southside/Mandarin sub-markets.
      4675 Sunbeam Rd, Jacksonville, FL 32257
      View Details
    • $1,625,000
      8,916 SF

      Mandarin Office Buildings For Sale

      Two office buildings in Mandarin, excellent frontage and exposure.
      9791 Old Saint Augustine Rd, Jacksonville, FL 32257
      View Details
    • $1,199,999

      Commercial Office Building For Sale

      Commercial office building with individual restrooms and kitchen spaces for sale.
      3938 Sunbeam Rd, Jacksonville, FL 32257
      View Details
    • $299,000

      Move-in Ready Mandarin Office Condo

      Corner office condo with new flooring, ideal for professional use.
      3840 Willaimsburg Park Blvd, Jacksonville, FL 32257
      View Details
    • $729,000

      Versatile Commercial Space For Sale

      0.94-acre property with flexible zoning and multiple buildings.
      5070 Elinor Rd, Jacksonville, FL 32257
      View Details
    • $1,999,000
      2,619 SF

      Jacksonville Curaleaf NNN Retail

      6.37% Cap Rate, Corporate Guaranteed
      9760 San Jose Blvd, Jacksonville, FL 32257
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      25,264 SF

      0.58 AC Lot Office/Professional Building

      0.58 AC Lot Office/Professional Building
      4239 Sunbeam Rd , 7, Jacksonville, FL 32257
      View Details
    • $3,300 /Mo
      1,275 SF

      Office Space Available For Rent

      Office space available for rent in Jacksonville, Florida.
      3121 Venture Pl, Jacksonville, FL 32257
      View Details
    • Contact for pricing
      26,863 SF

      Mandarin Plaza Medical Office

      Jacksonville medical office building, 26,863 sqft
      9765 San Jose Blvd, Jacksonville, FL 32257
      View Details
    • Contact for pricing
      1,636 SF

      Office Space in Established Park

      Office space in established park with excellent highway exposure.
      3030 Hartley Rd, Jacksonville, FL 32257
      View Details
    • $18 SF/Yr
      5,669 SF

      Prime Jacksonville Office Space

      Versatile office spaces with modern amenities in a strategic location.
      10696 Old Saint Augustine Rd, Jacksonville, FL 32257
      View Details
    • Contact for pricing
      2,576 SF

      Medical and Office Space Available

      26,863 SF property undergoing exterior renovation in 2023.
      9759 San Jose Blvd, Jacksonville, FL 32257
      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.
    3430 Kori Rd
    Jacksonville, FL 32257-4406
    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.