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

    8614 Baymeadows Way Jacksonville, FL 32256-8236

    • Medical offices
    • 16,905 SF
    • 5.03 lot acres
    OFF-MARKET
    Last Sale
    Sep 15, 2021
    $4,000,000
    Value Estimations
    $4,125,000
    Show details
    Cap Rate Potential
    5.2%
    Medical offices
    Location Intelligence
    Property ID
    US18-0483345
    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

    • Boda Zhao, DNP, APRN, FNP-C / Nurse Practitioner
    • Randall A Riegler MD / Otolaryngologist
    • our lady star of the sea / Church
    • Dr. Lesleigh A. Box, MD / Doctor
    • Angelica Doloroso / Family Practice Physician / General Practitioner

    Property Details for 8614 Baymeadows Way

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.03 lot acres
    Property size
    16,905 SF
    Zone code
    IBP
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    152690-4000
    APU
    1526904000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,345,000
      ML approach
      $4,295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,750,000
      6.5%
      $3,460,000
      7%
      $3,215,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,865,000
      Current use
      COMMERCIAL (GENERAL)
      $4,265,000
      Change: +10% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,605,000
      Change: -7% Conversion: Difficult
      OFFICE BUILDING
      $3,570,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5774
    Latitude
    30.2177
    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
    $41,148
    $444,144
    $1,768,056
    $2,212,200
    -
    $444,144
    $1,768,056
    $2,212,200

    Comparable in this City

    • Value Estimation
      $265,000
      20,794 SF

      7740 Pt Mdws Dr

      MEDICAL BUILDING • 20,794 SF
      7740 Pt Mdws Dr, Jacksonville, FL 32256-9179
      View Details
    • Value Estimation
      $850,000
      57,228 SF

      7011 A C Skinner Pkwy

      MEDICAL BUILDING • 57,228 SF
      7011 A C Skinner Pkwy, Jacksonville, FL 32256-6954
      View Details
    • Value Estimation
      $660,000
      3,847 SF

      8259 Bayberry Rd

      MEDICAL BUILDING • 3,847 SF
      8259 Bayberry Rd, Jacksonville, FL 32256-7432
      View Details
    • Value Estimation
      $280,000
      3,825 SF

      9088 Baymeadows Park Dr

      MEDICAL BUILDING • 3,825 SF
      9088 Baymeadows Park Dr, Jacksonville, FL 32256-7793
      View Details
    • Value Estimation
      $425,000
      15,058 SF

      10898 Baymeadows Rd

      MEDICAL BUILDING • 15,058 SF
      10898 Baymeadows Rd, Jacksonville, FL 32256-5837
      View Details
    • Value Estimation
      $480,000
      27,872 SF

      7741 Pt Mdws Dr

      MEDICAL BUILDING • 27,872 SF
      7741 Pt Mdws Dr, Jacksonville, FL 32256-9201
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      58,102 SF

      Jacksonville Medical Office Building For Sale

      Fully occupied medical office building near Ascension St. Vincent’s Hospital.
      7011 A C Skinner Pkwy, Jacksonville, FL 32256
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    • Contact for pricing
      36,000 SF

      Office Building in Cypress Point

      Office building in a master-planned park with lakefront setting.
      8200 Nations Way, Jacksonville, FL 32256
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      34,200 SF

      Cypress Point Office Building

      Office building in Cypress Point Business Park with lakefront setting.
      8201 Cypress Plaza Dr, Jacksonville, FL 32256
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      22,421 SF

      Baymeadows Way Office Buildings

      Two renovated office buildings with long-term government leases.
      7954 Baymeadows Way, Jacksonville, FL 32256
      View Details
    • $525,000
      5,040 SF

      Office Building Near Baymeadows Road

      Office building with multi-tenant and executive office space.
      8421 Baymeadows Way, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      36,000 SF

      Prime Jacksonville Office Space

      36,000 SF Office Building in Central Jacksonville
      8200 Nations Way, Jacksonville, FL 32256
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      15,300 SF

      Point Meadows II Office Suites

      Modern Jacksonville Office Space for Lease
      8350 Point Meadows Dr, Jacksonville, FL 32256
      View Details
    • $20 SF/Yr
      7,200 SF

      Baymeadows Medical Office Space

      Class A medical office suites, Duval County.
      7807 Baymeadows Rd, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      48,673 SF

      Prime Baymeadows Office Space

      Jacksonville Office Suites Available Now
      7901 Baypine Rd, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      3,825 SF

      Village Crossing Center: Medical Office Space

      New 3,825 SF Medical Office in Jacksonville, FL
      11525 Village Crossing Dr, Jacksonville, FL 32256
      View Details
    • $9 SF/Yr
      5,442 SF

      Jacksonville Office Space for Lease

      Flexible Offices, Coworking & More
      10163 Fortune Pkwy, Jacksonville, FL 32256
      View Details
    • $24 SF/Yr
      96,049 SF

      Jacksonville Executive Office Suites

      Prestigious A-Class Office Space in Duval County
      5210 Belfort Rd, Jacksonville, FL 32256
      View Details
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    Jacksonville, FL 32256-8236
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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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