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    Property profile & analytics

    3811 Blanding Blvd Jacksonville, FL 32210

    • Office buildings
    • 3,620 SF
    • 0.25 lot acres
    For Sale
    View listing
    $700,000
    Last Sale
    Sep 08, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3005778
    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

    • STEGY GROUP LLC / Real Estate Agency / Immigration & Naturalization Service

    Property Details for 3811 Blanding Blvd

    Year built
    1989
    Construction
    WOOD
    Lot size
    0.25 lot acres
    Property size
    3,620 SF
    Zone code
    CCG-1
    Property type
    Office buildings
    APN
    104518-0000
    APU
    1045180000

    Description

    This exceptional two-story office building, located at 3811 Blanding Boulevard, presents a unique opportunity for both owner-users and investors. The property boasts a total of 3,620 square feet situated on a 0.25-acre lot, with a convenient location near Cedar River. The building features a single tenant occupancy, with Suite 1 & 2 totaling 2,870 square feet currently available for lease at a modified gross rate of $19 per square foot. Suite 3 is occupied on a month-to-month basis. Ample parking is provided with 12-15 spaces available. The property is further enhanced by a recently installed roof (2024), ensuring long-term cost savings and peace of mind. The asking price for the entire building is $700,000. This presents a compelling investment opportunity due to its strong location, existing tenancy, and recent improvements. The property's single-tenant structure offers simplicity in management, while the lease potential provides a steady income stream. The convenient location on Blanding Boulevard ensures high visibility and accessibility. This property is ideal for a business seeking to establish a strong presence in a thriving area or for an investor looking for a stable, income-generating asset. The APN is 1045180000. This is a rare opportunity to acquire a well-maintained, strategically located office building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $900,000
      6.5%
      $830,000
      7%
      $770,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $717,000
      Market price range: $377k - $1.26M
      AI Estimate
      $523,000
      Market price range: $205k - $825k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $670,000
      Current use
      MEDICAL BUILDING
      $825,000
      Change: +23% Conversion: Easy
      AUTO REPAIR, GARAGE
      $770,000
      Change: +15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7369
    Latitude
    30.2678
    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
    $7,692
    $82,515
    $346,485
    $429,000
    -
    $82,515
    $346,485
    $429,000

    Comparable in this City

    • Value Estimation
      $1,275,000
      6,236 SF

      2409 Old Middleburg N Rd

      OFFICE BUILDING • 6,236 SF
      2409 Old Middleburg N Rd, Jacksonville, FL 32210-3508
      View Details
    • Value Estimation by Request
      170 SF

      8630 103rd St

      OFFICE BUILDING • 170 SF
      8630 103rd St, Jacksonville, FL 32210-6402
      View Details
    • Value Estimation by Request
      1,740 SF

      4228 Blanding Blvd

      OFFICE BUILDING • 1,740 SF
      4228 Blanding Blvd, Jacksonville, FL 32210-5421
      View Details
    • Value Estimation
      $7,385,000
      42,495 SF

      4250 Lakeside Dr

      OFFICE BUILDING (MULTI-STORY) • 42,495 SF
      4250 Lakeside Dr, Jacksonville, FL 32210-3358
      View Details
    • Value Estimation by Request
      1,443 SF

      4827 San Juan Ave

      OFFICE BUILDING • 1,443 SF
      4827 San Juan Ave, Jacksonville, FL 32210-3231
      View Details
    • Value Estimation
      $1,035,000
      4,456 SF

      1717 Blanding Blvd

      OFFICE BUILDING • 4,456 SF
      1717 Blanding Blvd, Jacksonville, FL 32210-1966
      View Details

    Similar Nearby for Sale

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      Jacksonville Commercial Property For Sale

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    • $650,000
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      Professional Office Space on Blanding

      3,620 SF office space with frontage on Blanding Blvd.
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    • $225,000
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      Professional Office Space Available

      Office space with reception, private offices, and kitchen.
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    Similar Nearby for Lease

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    • $1,750 /Mo
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      Professional Office Space Available

      Office space with reception, private offices, and kitchen for rent.
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    • Contact for pricing
      4,000 SF

      Prime Jacksonville Office Space

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    • $1,325 /Mo

      Updated Retail/Office Space Available

      Freshly updated units suitable for retail or office use.
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    • $1,650 /Mo

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    Jacksonville, FL 32210
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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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