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    Property profile & analytics

    725 Skymarks Dr Jacksonville, FL 32218-7248

    • Strip malls
    • 22,013 SF
    • 1.95 lot acres
    OFF-MARKET
    Value Estimations
    $425,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7777550
    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

    • Cancer Specialists of North Florida, Northside / Oncologist
    • AMVETS Drop Box Only / Donations Center
    • La Nopalera Mexican Restaurant / Mexican Restaurant
    • Dapper D's Cigars-River City / Cigar Shop
    • River City Marketplace / Shopping Mall

    Property Details for 725 Skymarks Dr

    Year built
    2020
    Construction
    STEEL FRAME
    Lot size
    1.95 lot acres
    Property size
    22,013 SF
    Zone code
    PUD
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    107618-1715
    APU
    1076181715

    Description

    A brand-new, 1,300-square-foot medical office space is available for lease in the River City Marketplace, situated in North Jacksonville's rapidly expanding area. This Class A building, constructed and renovated in 2021, offers a single-story, 24,941-square-foot structure with ten suites. The available space is part of a larger development, boasting approximately 1,000,000 square feet of planned urban development, including medical, retail, and restaurant spaces. The property is conveniently located near the intersection of I-95, I-295, and Airport Road, providing easy access to Nassau County (approximately 15 minutes away) and Georgia (less than 30 minutes away). This prime location is adjacent to UF Health North and benefits from the high traffic volume of the River City Marketplace, the largest shopping complex in North Jacksonville. Major retailers such as Walmart, Best Buy, Lowe's, Aloft Hotel, Dick's Sporting Goods, Ulta, Ross, and Michaels are nearby. The property includes approximately 98 parking spaces and is zoned PUD. The minimum leasable space is 1,300 square feet, with a maximum contiguous space of 1,300 square feet. Utilities are available. The address is 725 Skymarks Dr, Jacksonville, FL 32218, and the cross streets are Max Leggett Parkway and Skymarks Drive.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $425,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6349
    Latitude
    30.4809
    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
    $104,314
    $1,224,343
    $5,056,657
    $6,281,000
    -
    $1,224,343
    $5,056,657
    $6,281,000

    Comparable in this City

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    • Value Estimation
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      11565 Main St Ste, Unit 226

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    • Value Estimation
      $2,995,000
      7,771 SF

      10695 Biscayne Blvd

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    • Value Estimation
      $10,515,000
      13,780 SF

      12961 Main St

      SHOPPING CENTER, STRIP CENTER • 13,780 SF
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      View Details
    • Value Estimation
      $640,000
      19,200 SF

      716 New Berlin Rd

      SHOPPING CENTER, STRIP CENTER • 19,200 SF
      716 New Berlin Rd, Jacksonville, FL 32218-3894
      View Details
    • Value Estimation
      $5,075,000
      21,854 SF

      1440 Dunn Ave

      SHOPPING CENTER, STRIP CENTER • 21,854 SF
      1440 Dunn Ave, Jacksonville, FL 32218-6347
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Jacksonville Neighborhood Shopping Plaza

      Neighborhood shopping plaza with high visibility and ample parking.
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      Jacksonville Neighborhood Shopping Plaza

      Neighborhood shopping plaza with available units for immediate occupancy.
      10696 Lem Turner Rd, Jacksonville, FL 32218
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    • $799,000
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      Prime Jacksonville Gas Station

      Sunoco-branded, high-traffic location. Redevelopment potential.
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    • $3,160,000
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      Jacksonville Retail Investment Opportunity

      Freestanding retail building with a long-term lease in place.
      1319 Dunn Ave, Jacksonville, FL 32218
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    • $4,300,000
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      Prime Jacksonville Restaurant Space

      6,434 SF Vacant Restaurant, High Traffic
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    • $975,000
      5.02 Acres

      Prime Jacksonville Land - River City Area

      5.02± acres, residential & retail potential
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    Similar Nearby for Lease

    • $7,500,000
      4,260 SF

      Retail Space Near Major Hubs

      Retail spaces available near Amazon, Home Depot, and Jacksonville Airport.
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      41,820 SF

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      Shopping centers • 41,820 SF
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      View Details
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      1,612 SF

      Jacksonville Retail Space For Lease

      Retail space available in popular Jacksonville open-air shopping center.
      14964 Max Leggett Pkwy, Jacksonville, FL 32218
      View Details
    • $16 SF/Yr
      5,720 SF

      Open-Air Shopping Center on Dunn

      53,262 SF shopping center with high traffic and visibility.
      1403 Dunn Ave, Jacksonville, FL 32218
      View Details
    • Contact for pricing
      2,005 SF

      River City Marketplace Retail Space

      Retail space available in northern Jacksonville's largest shopping complex.
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      View Details
    • Contact for pricing
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      Jacksonville Retail Space For Lease

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      View Details
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    725 Skymarks Dr
    Jacksonville, FL 32218-7248
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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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