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

    5220 Belfort Rd Jacksonville, FL 32256-6017

    • Office buildings
    • 101,216 SF
    • 6.00 lot acres
    OFF-MARKET
    Last Sale
    Jun 17, 2021
    $43,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4451320
    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

    • Brothers Media Group / Marketing Consultant
    • Jacksonville Concrete LLC / Concrete Contractor
    • Dr. Louis Mazzella / Hyperbaric Medicine Physician / Family Practice Physician
    • Dr. Candy Linton / Family Practice Physician
    • Brianne Peterson / Hyperbaric Medicine Physician / Nurse Practitioner

    Property Details for 5220 Belfort Rd

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    6.00 lot acres
    Property size
    101,216 SF
    Zone code
    IBP
    Property type
    Office buildings
    APN
    152576-0760
    APU
    1525760760

    Description

    This exceptional Class A office campus, Concourse I, offers multiple tenancy opportunities in a prime Southside Market location at 5220 Belfort Rd, Jacksonville, FL 32256. The property boasts a total of 96,049 square feet across three, four-story buildings, constructed in 1998. Available spaces range from 4,631 to 24,923 square feet, catering to a variety of business needs. The property sits on 6 acres of land and features a newly renovated lobby with impressive entrances and high ceilings. Amenities include an on-site cafe and fitness center, enhancing employee experience. Enjoy the beautiful landscaping, water views from outdoor seating areas, a pedestrian bridge, and gazebo, all contributing to a pleasant and productive work environment. Ample surface parking is available, totaling approximately 250 spaces (a ratio of 5 per 1,000 square feet), with excellent visibility from I-95. The property is zoned IBP and benefits from its location within the Concourse I submarket cluster. Elevators are available for convenient access to all floors. This is a rare opportunity to secure high-quality office space in a desirable Jacksonville location.

    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
    -81.5852
    Latitude
    30.2425
    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
    $211,807
    $1,772,498
    $9,859,002
    $11,631,500
    -
    $1,772,498
    $9,859,002
    $11,631,500

    Comparable in this City

    • Value Estimation
      $440,000
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      9150 Philips Hwy

      OFFICE BUILDING • 16,048 SF
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    • Value Estimation
      $580,000
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      10401 Deerwood Park Blvd

      OFFICE BUILDING (MULTI-STORY) • 328,340 SF
      10401 Deerwood Park Blvd, Jacksonville, FL 32256-0505
      View Details
    • Value Estimation by Request
      101,216 SF

      5200 Belfort Rd

      OFFICE BUILDING (MULTI-STORY) • 101,216 SF
      5200 Belfort Rd, Jacksonville, FL 32256-6039
      View Details
    • Value Estimation
      $1,220,000
      122,127 SF

      9000 Southside Blvd Bldg, Unit 200

      OFFICE BUILDING (MULTI-STORY) • 122,127 SF
      9000 Southside Blvd Bldg, Jacksonville, FL 32256-0785
      View Details
    • Value Estimation
      $895,000
      47,961 SF

      7595 Baymeadows Way

      OFFICE BUILDING • 47,961 SF
      7595 Baymeadows Way, Jacksonville, FL 32256-7525
      View Details
    • Value Estimation
      $615,000
      32,448 SF

      7400 Baymeadows Way

      OFFICE BUILDING (MULTI-STORY) • 32,448 SF
      7400 Baymeadows Way, Jacksonville, FL 32256-6837
      View Details

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      Baymeadows Way Office Buildings

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    Similar Nearby for Lease

    • $19 SF/Yr
      3,355 SF

      Renovated Office Building For Lease

      Renovated office building with easy access and ample amenities.
      7751 Belfort Pkwy, Jacksonville, FL 32256
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      Class A Office Campus

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      Class A office space with convenient access to amenities and highways.
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      Renovated Office Buildings in Deerwood

      Recently renovated office buildings with convenient access and ample parking.
      8641 Baypine Rd, Jacksonville, FL 32256
      View Details
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    Jacksonville, FL 32256-6017
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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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