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

    8500 Baycenter Rd Jacksonville, FL 32256-4444

    • Distribution centers
    • 96,600 SF
    • 6.95 lot acres
    OFF-MARKET
    Value Estimations
    $900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4875693
    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

    • In HOME Medical Solutions Llc / Wholesaler
    • Mosaic PRO / Marketing Agency / Service Establishment
    • Darci Amundson Photography / Portrait Studio
    • EventWorks / Party Equipment Rental Service
    • Florida Framing Supplies LLC / Picture Frame Shop

    Property Details for 8500 Baycenter Rd

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.95 lot acres
    Property size
    96,600 SF
    Zone code
    IBP
    Property type
    Distribution centers
    APN
    152612-1000
    APU
    1526121000

    Description

    The Deerwood Distribution Center, situated at 8500 Baycenter Rd in Jacksonville, Florida (zip code 32256), presents a remarkable opportunity within Duval County's thriving industrial market. This master-planned, multi-tenant development offers a unique blend of office/showroom and warehouse distribution space, ideal for a variety of businesses. The property encompasses a substantial 126,000 square feet across a 6.62-acre lot, zoned IBP. Currently, one flex space totaling 54,464 square feet is available for lease. The building boasts a 20-foot ceiling height, providing ample vertical space for efficient storage and operations. Its location on the Southside of Jacksonville ensures convenient access to major transportation arteries, facilitating seamless logistics and distribution. The property's flexible design caters to diverse operational needs, making it an attractive option for companies seeking a modern and efficient industrial space. This is a multi-tenant property, offering a collaborative and dynamic business environment. The property's size and features make it suitable for a range of industrial uses, including manufacturing, distribution, and warehousing. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $900,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5843
    Latitude
    30.2275
    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
    $127,802
    $2,306,800
    $5,780,200
    $8,087,000
    -
    $2,306,800
    $5,780,200
    $8,087,000

    Comparable in this City

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      DISTRIBUTION WAREHOUSE • 56,651 SF
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      0.88 Acres

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      51.00 Acres

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    Similar Nearby for Lease

    • $8 SF/Yr
      54,464 SF

      Jacksonville Distribution Center Space

      Distribution center with dock-high doors and convenient highway access.
      8500 Baycenter Rd, Jacksonville, FL 32256
      View Details
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      149,000 SF

      Baycenter Commerce Center: Jacksonville

      Flex/Warehouse Space Available in Jacksonville
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      Butler 95 Logistics Center: Prime Jacksonville Space

      Modern warehouse, Southside location, immediate occupancy
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    • $150 SF/Yr
      9,362 SF

      IWH Industrial Park: Baymeadows Flex Space

      Jacksonville Flex/Warehouse Space Available
      7750 Bayberry Rd, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      1,812 SF

      Industrial Space with Drive-In Door

      Industrial space featuring 18' clear height and drive-in door.
      11733 Philips Hwy, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      78,425 SF

      Flexible Industrial Space in Baymeadows

      Multi-tenant flex space in a master-planned Jacksonville development.
      8952 Western Way, Jacksonville, FL 32256
      View Details
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    8500 Baycenter Rd
    Jacksonville, FL 32256-4444
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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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