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Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
Medical Office Space
8505-2 Baymeadows Rd Jacksonville, FL 32256-7421
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3485013
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,988 SF
Lot
0.69 ac (29,862 SF)
Zoning code
PUD
APN
152741-0210
UPID
US18-3485013
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.50M
Owner & transaction history
Devi Pet Properties · 5 yrs held
Devi Pet Properties
since 2020
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
PUD · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+10.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jacksonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jacksonville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,550,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$910,000
Current use
COMMERCIAL (GENERAL)
$1,005,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±10% · vs last sale $1.50M (Sep 15 2020)
Last sale anchor
$1.50M
Sep 15 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$375 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$1,146,400
Assessed 2023
Previous assessed
$967,400
+18.5% YoY
Assessed land
$240,448
Assessed improvement
$905,952
Land market value
$240,448
Improvement market value
$905,952
Total market value
$1,146,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
12
Rooms
22
Bathrooms
33
Total area
3,988 SF
Lot
0.69 ac (29,862 SF)
Zoning code
PUD
APN
152741-0210
UPID
US18-3485013
Jurisdiction
DUVAL
Zoning & alternative use
PUD · Jacksonville, FL
Zoning PUD · permitted uses
PUD · Jacksonville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jacksonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$910,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
12
Rooms
22
Bathrooms
33
Lot
0.69 ac
Current owner
From public records · entity-resolved
Devi Pet Properties
Entity
Mailing address
8505 BAYMEADOWS RD, JACKSONVILLE, FL 32256-7421
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2020
$1,500,000
Devi Pet Properties
Kight Realty I LLC
Special Warranty Deed
$1,050,000 · Bank Of America NA
Nov 18, 2019
—
Kight Realty I LLC
—
Deed
related
$400,000 · Valley Hi Nat'l Bk
Sep 11, 2014
—
Kight Realty I LLC
Kight,william E & Arlene S
Quit Claim Deed
—
—
—
William E Kight
—
Deed Of Trust
related
$100,000 · Compass Bank
—
—
Kight Realty I LLC
—
Deed Of Trust
related
$400,000 · Valley Hi Nat'l Bk
—
—
William E Kight
—
Deed Of Trust
related
$250,000 · American Enterprise Bank Fl
—
—
William E Kight
—
Deed Of Trust
related
$100,000 · Compass Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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