Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6491 Powers Ave Jacksonville, FL 32217-2821

    • Office buildings
    • 9,985 SF
    • 3.82 lot acres
    OFF-MARKET
    Last Sale
    Jan 29, 2025
    $2,300,000
    Value Estimations
    $1,915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4380984
    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

    • David Gray Electrical Services / Electrical Service / General Contractor
    • David Gray Heating and Air / Hardware & Home Improvement / HVAC Service
    • David Gray Plumbing / Plumbing Service / General Contractor
    • David Gray Heating & Air / Hardware & Home Improvement / HVAC Service
    • DG Lift Station Services / Plumbing Service / Waste Management Facility

    Property Details for 6491 Powers Ave

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    3.82 lot acres
    Property size
    9,985 SF
    Zone code
    IL
    Property type
    Office buildings
    APN
    154066-3500
    APU
    1540663500

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,555,000
      6.5%
      $2,355,000
      7%
      $2,190,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,355,000
      Market price range: $1.12M - $1.78M
      AI Estimate
      $1,265,000
      Market price range: $620k - $1.83M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,350,000
      Current use
      COMMERCIAL (GENERAL)
      $2,520,000
      Change: +86% Conversion: Easy
      MEDICAL BUILDING
      $2,280,000
      Change: +69% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,130,000
      Change: +57% Conversion: Difficult
      RETAIL STORES
      $1,810,000
      Change: +34% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,650,000
      Change: +22% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,605,000
      Change: +19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6157
    Latitude
    30.2567
    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
    $21,183
    $500,848
    $750,952
    $1,251,800
    -
    $500,848
    $750,952
    $1,251,800

    Comparable in this City

    • Value Estimation
      $790,000
      5,190 SF

      2963 Dupont Ave, Unit 13

      OFFICE BUILDING • 5,190 SF
      2963 Dupont Ave, Jacksonville, FL 32217-2791
      View Details
    • Value Estimation
      $1,410,000
      10,138 SF

      6022 San Jose Blvd

      OFFICE BUILDING (MULTI-STORY) • 10,138 SF
      6022 San Jose Blvd, Jacksonville, FL 32217-2358
      View Details
    • Value Estimation by Request
      2,990 SF

      6266 Dupont Sta E Ct

      OFFICE BUILDING • 2,990 SF
      6266 Dupont Sta E Ct, Jacksonville, FL 32217-2567
      View Details
    • Value Estimation
      $690,000
      3,474 SF

      8777 San Jose Blvd, Unit C401402

      OFFICE BUILDING • 3,474 SF
      8777 San Jose Blvd, Jacksonville, FL 32217-4213
      View Details
    • Value Estimation
      $1,090,000
      9,920 SF

      2700 University W Blvd

      OFFICE BUILDING • 9,920 SF
      2700 University W Blvd, Jacksonville, FL 32217-2147
      View Details
    • Value Estimation by Request
      1,250 SF

      8777 San Jose Blvd Ste, Unit 702

      OFFICE BUILDING • 1,250 SF
      8777 San Jose Blvd Ste, Jacksonville, FL 32217-4292
      View Details

    Similar Nearby for Sale

    • $600,000
      2,063 SF

      Jacksonville Medical Office Building

      Prime Medical Office, 2,063 SF, $600K
      4232 Baymeadows Rd, Jacksonville, FL 32217
      View Details
    • $895,995

      Commercial Property on University Blvd

      Three buildings on one parcel, high-traffic location, investment opportunity.
      2944 W University Blvd W, Jacksonville, FL 32217
      View Details
    • $225,000
      1,250 SF

      San Jose Boulevard Office Space

      Two-story office in San Jose, suitable for various businesses.
      8777 San Jose Blvd, Jacksonville, FL 32217
      View Details
    • Contact for pricing
      2,870 SF

      Freestanding Building on San Jose

      2,870± SF building suitable for retail or medical office.
      6052 San Jose Blvd W, Jacksonville, FL 32217
      View Details
    • $3,500,000

      San Marco Redevelopment Opportunity

      Freestanding retail building on a high-traffic road.
      6050 Saint Augustine Rd, Jacksonville, FL 32217
      View Details
    • $285,000

      Brierwood Office Park: Prime Jacksonville Office

      Jacksonville Office Building: $285,000, 1,306 sq ft lot.
      8613 Old Kings Rd, Jacksonville, FL 32217
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,640 SF

      Prime Jacksonville Office Space

      Class-A Office Suites, Flexible Sizes
      8823 San Jose Blvd, Jacksonville, FL 32217
      View Details
    • $12 SF/Yr
      3,000 SF

      JAX Office Suites: Prime Jacksonville Space

      Modern Suites, Flexible Sizes, Near Bolles
      6266 Dupont Station Ct, Jacksonville, FL 32217
      View Details
    • Contact for pricing
      1,040 SF

      Baymeadows Road Office Space

      Office space available for lease on Baymeadows Road.
      3943 Baymeadows Rd, Jacksonville, FL 32217
      View Details
    • Contact for pricing
      10,512 SF

      Office Space in High-Traffic Area

      Office space for rent in Jacksonville, FL with high visibility.
      8823-8843 San Jose Blvd, Jacksonville, FL 32217
      View Details
    • Contact for pricing
      2,732 SF

      Office Space on San Jose

      Office space available at high-traffic intersection in Jacksonville, FL.
      8789 San Jose Blvd, Jacksonville, FL 32217
      View Details
    • $17 SF/Yr
      4,311 SF

      Jacksonville Office Space for Lease

      San Marco Office: 1,155 SF Available
      6260-B Dupont Sta Ct Jacksonville, Jacksonville, FL 32217
      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.
    6491 Powers Ave
    Jacksonville, FL 32217-2821
    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.
    Sign Up Successful!
    You now have access to more from Realmo!