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

    8705 Perimeter Park Blvd Jacksonville, FL 32216

    • Office buildings
    • 18,712 SF
    • 3.82 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5480788
    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

    • Shaw Chiropractic / Chiropractor / Pain Control Clinic
    • The LASIK Vision Institute / Eye Care Center / Lasik Surgeon
    • Stewart Title Company / Title Company / Escrow Service
    • The Morgan Company / Promotional Products Supplier
    • Nasrin Raina / Family Practice Physician

    Property Details for 8705 Perimeter Park Blvd

    Year built
    1990
    Construction
    STEEL FRAME
    Lot size
    3.82 lot acres
    Property size
    18,712 SF
    Zone code
    IBP
    Property type
    Office buildings
    APN
    147981-0110
    APU
    1479810110

    Description

    This exceptional investment opportunity presents a two-building flex and warehouse property totaling 38,000 square feet, ideally situated in Jacksonville's desirable Southside submarket. Located at 8705 Perimeter Park Blvd, Duval County, FL 32216, this property offers multiple tenancy options within a convenient and highly accessible location. The buildings boast a 9-foot ceiling height, providing ample space for a variety of uses. Currently, one flex space of 2,142 square feet is immediately available. The property's strategic location directly on Southside Boulevard ensures high visibility and easy access to major transportation arteries, including J. Turner Butler Boulevard, which is less than a quarter mile away. This prime location offers excellent connectivity for businesses needing convenient access to the city's major thoroughfares and surrounding areas. The property's classification as both office and industrial space makes it suitable for a wide range of businesses seeking flexible and adaptable workspaces. The dual-building structure provides flexibility for expansion or multi-tenant occupancy. This is a rare opportunity to acquire a well-positioned, versatile property in a thriving Jacksonville submarket. Contact us today to learn more about this exceptional offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,785,000
      6.5%
      $4,415,000
      7%
      $4,100,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,424,000
      Market price range: $2.32M - $5.42M
      AI Estimate
      $3,871,000
      Market price range: $1.59M - $3.87M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,870,000
      Current use
      COMMERCIAL (GENERAL)
      $4,720,000
      Change: +22% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,990,000
      Change: +3% Conversion: Difficult
      MEDICAL BUILDING
      $3,705,000
      Change: -4% Conversion: Easy
      RETAIL STORES
      $3,385,000
      Change: -13% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.556
    Latitude
    30.2569
    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
    $0.00
    $1,081,594
    $2,901,406
    $3,983,000
    -
    $1,081,594
    $2,901,406
    $3,983,000

    Comparable in this City

    • Value Estimation
      $10,455,000
      42,812 SF

      8464 Bch Blvd

      OFFICE BUILDING • 42,812 SF
      8464 Bch Blvd, Jacksonville, FL 32216-3131
      View Details
    • Value Estimation
      $22,075,000
      118,734 SF

      7077 Bonneval Rd

      OFFICE BUILDING (MULTI-STORY) • 118,734 SF
      7077 Bonneval Rd, Jacksonville, FL 32216-6010
      View Details
    • Value Estimation
      $21,130,000
      63,049 SF

      6420 Southpoint Pkwy, Unit 2

      OFFICE BUILDING (MULTI-STORY) • 63,049 SF
      6420 Southpoint Pkwy, Jacksonville, FL 32216-0946
      View Details
    • Value Estimation
      $1,205,000
      5,378 SF

      2002 Southside Blvd

      OFFICE BUILDING • 5,378 SF
      2002 Southside Blvd, Jacksonville, FL 32216-1932
      View Details
    • Value Estimation
      $910,000
      4,399 SF

      8762 Perimeter Park Blvd

      OFFICE BUILDING • 4,399 SF
      8762 Perimeter Park Blvd, Jacksonville, FL 32216-6347
      View Details
    • Value Estimation
      $880,000
      4,320 SF

      5995 Philips Hwy

      OFFICE BUILDING • 4,320 SF
      5995 Philips Hwy, Jacksonville, FL 32216-5916
      View Details

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      102,960 SF

      Flex/Office Buildings in Jacksonville, Florida

      Two flex/office buildings totaling 102,960 SF on 14.5 acres.
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    Similar Nearby for Lease

    • $14 SF/Yr
      15,548 SF

      Jacksonville Office Building For Lease

      Two-story office building with existing safes, suitable for various businesses.
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    • $16 SF/Yr
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      Freestanding Office Building For Rent

      Freestanding office building with parking, near Downtown Jacksonville.
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      Southpoint Office Building For Lease

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      Office Space in Enterprise Park

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    • $2,400 /Mo
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      Jacksonville Office Park End Unit

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      8825 Perimeter Park Blvd, Jacksonville, FL 32216
      View Details
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    Jacksonville, FL 32216
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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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