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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3599 University Blvd S Ste, Unit 400 Jacksonville, FL 32216-4232

    • Medical offices
    • 8,268 SF
    • 1.24 lot acres
    OFF-MARKET
    Last Sale
    Jun 05, 2020
    Value Estimations
    $1,070,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4363162
    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 3599 University Blvd S Ste

    Year built
    1972
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.24 lot acres
    Property size
    8,268 SF
    Zone code
    CRO
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    136032-0010
    APU
    1360320010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,210,000
      Market price range: $1.05M - $2.34M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,635,000
      Current use
      AUTO REPAIR, GARAGE
      $1,765,000
      Change: +8% Conversion: Difficult
      OFFICE BUILDING
      $1,710,000
      Change: +4% Conversion: Easy
      RETAIL STORES
      $1,495,000
      Change: -9% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,365,000
      Change: -17% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,325,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5993
    Latitude
    30.2897
    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
    $8,640
    $270,070
    $623,130
    $893,200
    -
    $270,070
    $623,130
    $893,200

    Comparable in this City

    • Value Estimation by Request
      1,552 SF

      1808 University S Blvd

      MEDICAL BUILDING • 1,552 SF
      1808 University S Blvd, Jacksonville, FL 32216-8931
      View Details
    • Value Estimation
      $1,055,000
      8,948 SF

      4221 Southpoint Blvd

      MEDICAL BUILDING • 8,948 SF
      4221 Southpoint Blvd, Jacksonville, FL 32216-6164
      View Details
    • Value Estimation
      $1,070,000
      5,824 SF

      1914 Southside Blvd

      MEDICAL BUILDING • 5,824 SF
      1914 Southside Blvd, Jacksonville, FL 32216-1996
      View Details
    • Value Estimation
      $1,315,000
      10,954 SF

      5600 Spg Park Rd

      MEDICAL BUILDING • 10,954 SF
      5600 Spg Park Rd, Jacksonville, FL 32216-5988
      View Details
    • Value Estimation
      $585,000
      2,566 SF

      6801 Bch Blvd

      MEDICAL BUILDING • 2,566 SF
      6801 Bch Blvd, Jacksonville, FL 32216-2820
      View Details
    • Value Estimation
      $900,000
      7,155 SF

      5105 Bowden Rd

      MEDICAL BUILDING • 7,155 SF
      5105 Bowden Rd, Jacksonville, FL 32216-5907
      View Details

    Similar Nearby for Sale

    • $1,200,000
      2,520 SF

      Southpoint Commons Office Building

      Jacksonville Office Building, Value-Add Opportunity
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    • Contact for pricing
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      University Blvd Office Space

      Move-in ready medical/executive office
      4131 University Blvd, Jacksonville, FL 32216
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    • $1,285,000
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      Jacksonville Medical Office Building

      Turn-key medical office, excellent location.
      4131 University Blvd. #3 Jacksonville, Jacksonville, FL 32216
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    • $1,450,000
      14,857 SF

      Medical Office Building For Sale

      Medical office building with high occupancy and strong cash flow.
      5600 Spring Park Rd, Jacksonville, FL 32216
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    • $1,285,000
      6,686 SF

      Move-in Ready Medical Office Building

      Renovated medical office near hospitals, high visibility location.
      4131 University Blvd S, Jacksonville, FL 32216
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    • $250,000
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      Polished, affordable office condo in a prime commercial area.
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    Similar Nearby for Lease

    • $3,636 /Mo
      1,600 SF

      Class-Ready Studio in Jacksonville, FL

      1,600 SF sublease opportunity in Publix-shadowed neighborhood center.
      2777 W University Blvd, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      20,960 SF

      University Executive Center: Prime Office Space

      Exceptional Office Suites, Duval County
      3101 University Blvd, Jacksonville, FL 32216
      View Details
    • $24 SF/Yr
      275,229 SF

      Jacksonville Medical Office Space

      Class A Office Park, Multiple Suites Available
      6735 Southpoint Dr, Jacksonville, FL 32216
      View Details
    • $20 SF/Yr
      45,264 SF

      Plaza Medical Office Suites For Lease

      Prime Medical Office Space Available Now
      6138 Kennerly Rd, Jacksonville, FL 32216
      View Details
    • $20 SF/Yr
      1,266 SF

      University Boulevard Office Space Available

      Contiguous office space ideal for medical or service firms.
      4244 University Blvd S, Jacksonville, FL 32216
      View Details
    • $27 SF/Yr
      2,200 SF

      Beach Boulevard Commercial Unit

      2,200 SF commercial unit on Jacksonville's Beach Boulevard.
      6269 Beach Blvd, Jacksonville, FL 32216
      View Details
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    Jacksonville, FL 32216-4232
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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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