Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    4304 Springfield Blvd Jacksonville, FL 32206

    • Residential income homes
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7823581
    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

    • Residential income homes

    Property Details for 4304 Springfield Blvd

    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a three-unit multifamily portfolio in Jacksonville, Florida's Duval County, encompassing a duplex and a single-family home. The duplex, located at 4304/4306 Springfield Blvd, Jacksonville, FL 32206, boasts a total of 1,660 square feet on a 5,540 square foot lot. Each of the two units features two bedrooms and one bathroom, recently renovated (2022-2023) with a new roof, AC, plumbing, and electrical systems. Minor cosmetic work is needed to complete the turnover. The property's current rental status is vacant, but a potential rental income of $1,850 is projected. The single-family home, situated at 1302 W 31st St, Jacksonville, FL 32209, offers 598 square feet on a large 5,000 square foot lot with potential for subdivision and new construction. This unit, also a two-bedroom, one-bathroom property, requires renovation but already features a new roof, framing, and drywall. The projected rental income for this property is $950 per month. The entire portfolio is classified as Class C, with a projected annual income of $33,600 and a pro forma cap rate of 10.91%. The asking price for this value-add investment is $220,000. This portfolio offers significant potential for rental income and appreciation in a thriving Jacksonville market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.661109635264
    Latitude
    30.365397239129

    Comparable in this City

    • $129,043
      970 SF

      Jacksonville Duplex Investment

      High-yield duplex, strong NOI, renovated.
      2842 Saturn Ave, Jacksonville, FL 32206
      View Details
    • $375,000
      1,981 SF

      Historic Springfield Duplex Opportunity

      Income-producing duplex in historic Springfield, near UF Health Hospital.
      347 Cottage Ave, Jacksonville, FL 32206
      View Details
    • $150,000

      Duplex Near Downtown Jacksonville

      Duplex in Brentwood, close to downtown and stadium.
      516 Linwood Ave, Jacksonville, FL 32206
      View Details
    • $275,000

      Remodeled Duplex Near Downtown Jacksonville

      Remodeled duplex with income potential near downtown Jacksonville.
      214 E 2Nd St, Jacksonville, FL 32206
      View Details
    • $243,000

      Well-Maintained Springfield Triplex

      Updated triplex with strong rental income potential in Springfield.
      112 W 17Th St, Jacksonville, FL 32206
      View Details
    • New
      $389,900
      Pending

      Turnkey Multifamily Investment Property

      Renovated triplex near Downtown Jacksonville with strong income potential.
      546 W 25Th St, Jacksonville, FL 32206
      View Details

    Similar Nearby for Sale

    • $129,043
      970 SF

      Jacksonville Duplex Investment

      High-yield duplex, strong NOI, renovated.
      2842 Saturn Ave, Jacksonville, FL 32206
      View Details
    • $375,000
      1,981 SF

      Historic Springfield Duplex Opportunity

      Income-producing duplex in historic Springfield, near UF Health Hospital.
      347 Cottage Ave, Jacksonville, FL 32206
      View Details
    • $150,000

      Duplex Near Downtown Jacksonville

      Duplex in Brentwood, close to downtown and stadium.
      516 Linwood Ave, Jacksonville, FL 32206
      View Details
    • $275,000

      Remodeled Duplex Near Downtown Jacksonville

      Remodeled duplex with income potential near downtown Jacksonville.
      214 E 2Nd St, Jacksonville, FL 32206
      View Details
    • $243,000

      Well-Maintained Springfield Triplex

      Updated triplex with strong rental income potential in Springfield.
      112 W 17Th St, Jacksonville, FL 32206
      View Details
    • New
      $389,900
      Pending

      Turnkey Multifamily Investment Property

      Renovated triplex near Downtown Jacksonville with strong income potential.
      546 W 25Th St, Jacksonville, FL 32206
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      700 SF

      Duplex with Fenced Yard

      Recently renovated duplex unit with yard and parking.
      3341 Westlake Ave, Jacksonville, FL 32206
      View Details
    • Contact for pricing
      32,000 SF

      Springfield Warehouse District Retail Opportunity

      Retail space in Jacksonville's Springfield Warehouse District near Emerald Trail.
      2303 N Market St, Jacksonville, FL 32206
      View Details
    • Contact for pricing
      5,190 SF

      Springfield Storefront on N Main

      Retail space in Jacksonville's Historic Springfield neighborhood.
      1720-1728 N Main St, Jacksonville, FL 32206
      View Details
    • $8,324 /Mo
      20,378 SF

      Jacksonville Warehouse with Office Space

      Warehouse space with office in Springfield, near downtown Jacksonville.
      1839 Ionia St, Jacksonville, FL 32206
      View Details
    • $7 SF/Yr
      25,300 SF

      Downtown Jacksonville Flex Space

      ±25,300 SF Industrial Building, Excellent Location
      1708 Marshall St, Jacksonville, FL 32206
      View Details
    • $16 SF/Yr

      Jacksonville Warehouse Space for Rent

      Flexible Industrial Space, Duval County
      1333 Haines St, Jacksonville, FL 32206
      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.
    4304 Springfield Blvd
    Jacksonville, FL 32206
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.