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Property profile & analytics
OFF-MARKET
Estimated value
$4,020,000
Medical Office Space
8614 Baymeadows Way Jacksonville, FL 32256-8236
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0483345
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,905 SF
Lot
5.03 ac (218,920 SF)
Zoning code
IBP
APN
152690-4000
UPID
US18-0483345
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
Current use
Occupant on record · Public records
-
Boda Zhao, DNP, APRN, FNP-C Physician
-
Randall A Riegler MD Physician
-
our lady star of the sea Church
-
Dr. Lesleigh A. Box, MD Physician
-
Angelica Doloroso Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.30M
CAP Approach
CAP
$3.46M
Comparable Approach
Comparable
$2.47M
Blend (final)
Blend
$4.02M
Owner & transaction history
Mp Baymeadows LLC · 4 yrs held
Mp Baymeadows LLC
since 2021
Last sale
$4.0M
3 recorded transactions
Zoning & alternative use
IBP · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.3M
+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
$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
Blend value · Realmo final
$4.02M
Range $3.62M – $4.42M · ±10% · vs last sale $4.00M (Sep 15 2021)
Last sale anchor
$4.00M
Sep 15 2021
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
$238 / 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
Tax billed
$41,148
Tax year 2023
Assessed value
$2,212,200
Assessed 2023
Previous assessed
$2,023,800
+9.3% YoY
Effective rate
1.86%
On assessed value
Assessed land
$444,144
Assessed improvement
$1,768,056
Land market value
$444,144
Improvement market value
$1,768,056
Total market value
$2,212,200
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
51
Rooms
51
Bathrooms
42
Total area
16,905 SF
Lot
5.03 ac (218,920 SF)
Zoning code
IBP
APN
152690-4000
UPID
US18-0483345
Jurisdiction
DUVAL
Zoning & alternative use
IBP · Jacksonville, FL
Zoning IBP · permitted uses
IBP · 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
$3.9M
COMMERCIAL (GENERAL)
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.6M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
51
Rooms
51
Bathrooms
42
Lot
5.03 ac
Current owner
From public records · entity-resolved
Mp Baymeadows LLC
Entity
Mailing address
241 POCATELLA ST, MIAMI SPRINGS, FL 33166-5008
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2021
$4,000,000
Mp Baymeadows LLC
Gsg Investments LLP
Special Warranty Deed
—
Aug 11, 2003
$1,300,000
Gsg Investments LLP
Liberty Property LP
Grant Deed
$1,170,000 · Cnb National Bank
—
—
Gsg Investments LLP
—
Deed Of Trust
related
$1,400,000 · Indianapolis Life Insurance Co
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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