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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Medical Office Space
3599 University Blvd S Ste 1200 Jacksonville, FL 32216-4288
Entity Owned
Free & Clear
Property ID
US18-5993667
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1987
Construction
WOOD
Total area
4,140 SF
Lot
0.36 ac (15,625 SF)
Zoning code
CRO
APN
136035-0010
UPID
US18-5993667
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$810k
Blend (final)
Blend
$695k
Owner & transaction history
Genesis Health INC
Genesis Health INC
since 2025
Last sale
$700,000
5 recorded transactions
Zoning & alternative use
CRO · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+27.4%
Auto repair, garage
$885,000
+7.7%
Office building
$855,000
+4.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jacksonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jacksonville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$695,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$820,000
Current use
COMMERCIAL (GENERAL)
$1,045,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$885,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$855,000
Change: +4% · Conversion: Easy
RETAIL STORES
$750,000
Change: -9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$665,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $700k (May 3 2025)
Last sale anchor
$700k
May 3 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$168 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,935
Tax year 2023
Assessed value
$597,800
Assessed 2023
Previous assessed
$563,500
+6.1% YoY
Effective rate
1.83%
On assessed value
Assessed land
$76,230
Assessed improvement
$521,570
Land market value
$76,230
Improvement market value
$521,570
Total market value
$597,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
17
Rooms
17
Bathrooms
15
Total area
4,140 SF
Lot
0.36 ac (15,625 SF)
Zoning code
CRO
APN
136035-0010
UPID
US18-5993667
Jurisdiction
DUVAL
Zoning & alternative use
CRO · Jacksonville, FL
Zoning CRO · permitted uses
CRO · Jacksonville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jacksonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$820,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$885,000
OFFICE BUILDING
Est. value
$855,000
RETAIL STORES
Est. value
$750,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$665,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
17
Rooms
17
Bathrooms
15
Lot
0.36 ac
Current owner
From public records · entity-resolved
Genesis Health INC
Entity
Free & Clear · 0 yrs held
Mailing address
8683 WILSHIRE BLVDA, BEVERLY HILLS, CA 90211-2927
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2025
$700,000
Genesis Health INC
3599 University Blvd LLC
Special Warranty Deed
—
Jul 6, 2023
—
3599 University Blvd LLC
—
Deed
related
$650,000 · One Florida Bank
Feb 14, 2023
$665,000
3599 University Blvd LLC
Baron Commercial Enterprises LLC
Special Warranty Deed
$525,000 · Sw Legacy LLC
Jul 14, 2004
—
Baron Commercial Ents LLC
Kelly,patrick J
Warranty Deed
$459,000 · Suntrust Bank NA
Dec 28, 1999
$420,000
Patrick J Kelly
Jadeja,jaswant & Leona
Grant Deed
$357,000 · Suntrust Bank North Central Fl
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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