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

    4711 Lexington Ave Jacksonville, FL 32210-3217

    • Medical offices
    • 4,268 SF
    • 0.56 lot acres
    OFF-MARKET
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0630774
    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

    • Gillis Robert / Accountant

    Property Details for 4711 Lexington Ave

    Year built
    1956
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.56 lot acres
    Property size
    4,268 SF
    Zone code
    CCG-1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    093448-0005
    APU
    934480005

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $910,000
      OFFICE BUILDING
      $790,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.726
    Latitude
    30.2834
    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
    $10,156
    $73,179
    $467,821
    $541,000
    -
    $73,179
    $467,821
    $541,000

    Comparable in this City

    • Value Estimation
      $1,675,000
      11,300 SF

      4425 Merrimac Ave

      MEDICAL BUILDING • 11,300 SF
      4425 Merrimac Ave, Jacksonville, FL 32210-1814
      View Details
    • Value Estimation by Request
      2,532 SF

      4940 Blanding Blvd

      MEDICAL BUILDING • 2,532 SF
      4940 Blanding Blvd, Jacksonville, FL 32210-7370
      View Details
    • Value Estimation by Request
      2,896 SF

      3603 Blanding Blvd

      MEDICAL BUILDING • 2,896 SF
      3603 Blanding Blvd, Jacksonville, FL 32210-5240
      View Details
    • Value Estimation by Request
      3,150 SF

      5212 Wesconnett Blvd

      MEDICAL BUILDING • 3,150 SF
      5212 Wesconnett Blvd, Jacksonville, FL 32210-7831
      View Details
    • Value Estimation
      $3,910,000
      28,470 SF

      5150 Timuquana Rd

      MEDICAL BUILDING • 28,470 SF
      5150 Timuquana Rd, Jacksonville, FL 32210-8959
      View Details
    • Value Estimation
      $1,100,000
      6,730 SF

      5435 Ortega Blvd, Unit 2

      MEDICAL BUILDING • 6,730 SF
      5435 Ortega Blvd, Jacksonville, FL 32210-8435
      View Details

    Similar Nearby for Sale

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      1,917 SF

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      Freestanding Office Building on Blanding

      1,240 SF office building with high traffic visibility.
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    • $239,900

      Office Building at Major Intersection

      Office property at a major intersection with potential for high cap.
      5010 Blackburn St, Jacksonville, FL 32210
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    • $2,200,000
      14,195 SF

      Jacksonville Commercial Property For Sale

      High-performing commercial property near Cedar Hills with long-term tenant.
      3787 Old Middleburg Rd N, Jacksonville, FL 32210
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    • New
      $259,900
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      Office property with superb location and potential for high cap.
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    Similar Nearby for Lease

    • Contact for pricing
      8,400 SF

      San Juan Outparcels: Prime Retail/Office

      Two buildings, flexible space, high traffic.
      1960 Blanding Blvd, Jacksonville, FL 32210
      View Details
    • Contact for pricing
      4,000 SF

      Prime Jacksonville Office Space

      4,000 SF Single-Tenant Office in Ortega
      4616 San Juan Ave, Jacksonville, FL 32210
      View Details
    • $1,750 /Mo
      1,184 SF

      Professional Office Space Available

      Office space with reception, private offices, and kitchen for rent.
      5915 Cedar Hills Blvd, Jacksonville, FL 32210
      View Details
    • $17 SF/Yr
      1,184 SF

      Prime Jacksonville Retail Space

      1,184 sq ft Office/Retail, Blanding Blvd.
      5915 Cedar Hills Blvd, Jacksonville, FL 32210
      View Details
    • $16 SF/Yr
      1,978 SF

      Retail Space on Blanding Blvd

      1,978 SF retail space with high visibility.
      4680 Blanding Blvd, Jacksonville, FL 32210
      View Details
    • $13 SF/Yr
      4,040 SF

      Jacksonville Flex Space For Lease

      15,268 SF flex space in desirable Ortega submarket.
      4502 Irvington Ave, Jacksonville, FL 32210
      View Details
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    4711 Lexington Ave
    Jacksonville, FL 32210-3217
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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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