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    Property profile & analytics

    4280 Southside Blvd Jacksonville, FL 32216-5400

    • Drug stores
    • 11,991 SF
    • 1.26 lot acres
    OFF-MARKET
    Last Sale
    Jan 04, 2022
    $4,300,000
    Value Estimations
    $3,910,000
    Show details
    Cap Rate Potential
    3.8%
    Drug stores
    Location Intelligence
    Property ID
    US18-0518326
    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

    • MoneyGram / Bank / Credit Union
    • UPS Access Point location / Courier Service / Postal Service
    • Coinhub Bitcoin ATM Teller / Atm
    • Sararose Carver / Physician
    • Sarah Brown / Physician

    Property Details for 4280 Southside Blvd

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.26 lot acres
    Property size
    11,991 SF
    Zone code
    CCG-1
    Property type
    Drug stores
    APN
    154246-0700
    APU
    1542460700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,605,000
      ML approach
      $3,675,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,677,000
      Market price range: $959k - $3.68M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $6,370,000
      COMMERCIAL (GENERAL)
      $3,025,000
      AUTO REPAIR, GARAGE
      $2,555,000
      OFFICE BUILDING
      $2,480,000
      MEDICAL BUILDING
      $2,375,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5597
    Latitude
    30.2701
    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
    $52,502
    $885,200
    $2,174,200
    $3,059,400
    -
    $885,200
    $2,174,200
    $3,059,400

    Comparable in this City

    • Value Estimation
      $5,295,000
      13,976 SF

      6006 Bch Blvd

      DRUG STORE, PHARMACY • 13,976 SF
      6006 Bch Blvd, Jacksonville, FL 32216-2702
      View Details
    • Value Estimation
      $2,490,000
      15,473 SF

      5972 University W Blvd

      DRUG STORE, PHARMACY • 15,473 SF
      5972 University W Blvd, Jacksonville, FL 32216-4912
      View Details
    • Value Estimation
      $7,380,000
      45,625 SF

      4320 Deerwood Lk Pkwy, Unit 100

      GROCERY, SUPERMARKET • 45,625 SF
      4320 Deerwood Lk Pkwy, Jacksonville, FL 32216-1177
      View Details
    • Value Estimation by Request
      2,377 SF

      5230 University W Blvd

      CONVENIENCE STORE • 2,377 SF
      5230 University W Blvd, Jacksonville, FL 32216-5942
      View Details
    • Value Estimation by Request
      3,037 SF

      4422 Southside Blvd

      FINANCIAL BUILDING • 3,037 SF
      4422 Southside Blvd, Jacksonville, FL 32216-5401
      View Details
    • Value Estimation
      $800,000
      6,228 SF

      8780 Perimeter Park Ct Ste, Unit 100

      RETAIL STORES (PERSONAL SERVICES) • 6,228 SF
      8780 Perimeter Park Ct Ste, Jacksonville, FL 32216-2285
      View Details

    Similar Nearby for Sale

    • $1,900,000

      Beach Boulevard Commercial Buildings

      Two buildings with frontage and roll-up doors on Beach Blvd.
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      Retail Space with Fenced Yard

      Retail property with fenced yard, accessible from two roads.
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      NNN Leased Investment Opportunity

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      University Boulevard Retail Opportunity

      Freestanding retail building on high-traffic University Boulevard.
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    • $35,000
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      Barbershop Business For Sale

      Operating barbershop business for sale with lease in place.
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    • $2,500,000
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      Prime Jacksonville Bar/Restaurant

      Established Bar & Restaurant, High Traffic
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    Similar Nearby for Lease

    • Contact for pricing
      4,050 SF

      Retail Space in Remodeled Center

      Retail spaces available in a recently remodeled grocery-anchored center.
      5839-5909 University Blvd W, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space on Southside Blvd

      Retail space available with high traffic and ample parking.
      3805 Southside Blvd, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space on Southside Blvd

      Retail space with excellent signage and high traffic volume.
      3738 Southside Blvd, Jacksonville, FL 32216
      View Details
    • $25 SF/Yr
      387 SF

      Move-in Ready Store Front Suites

      Move-in ready suites near Memorial Hospital on University Blvd.
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      View Details
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      Retail Center Anchored by Tax Collector

      Multi-tenant retail center with high visibility and ample parking.
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      View Details
    • $22 SF/Yr
      1,606 SF

      Retail Space in Deerwood Park

      1606 SF retail space in Deerwood Park Trade Area.
      4195 Southside Blvd, Jacksonville, FL 32216
      View Details
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    Jacksonville, FL 32216-5400
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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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