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    Property profile & analytics

    8777 San Jose Blvd Jacksonville, FL 32217-4213

    • Office buildings
    • 5,784 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Apr 13, 2022
    $1,100,000
    Value Estimations
    $1,075,000
    Show details
    Cap Rate Potential
    9.5%
    Office buildings
    Location Intelligence
    Property ID
    US18-6078111
    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

    • Albert Crabtree - Prudential Financial / Financial Advisor
    • Parker and Dufresne, P.A. / Law Firm
    • Law Office of L. Jack Gibney / Law Firm
    • Law Office of A. James Mullaney / Law Firm
    • Crabtree Law Group Pa / Law Firm

    Property Details for 8777 San Jose Blvd

    Year built
    1988
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    5,784 SF
    Zone code
    CRO
    Property type
    Office buildings
    APN
    151584-0000
    APU
    1515840000

    Description

    This exceptional two-story office building, constructed in 2005, is situated at 8777 San Jose Boulevard in Jacksonville, Florida, zip code 32217. The property is a brick Colonial style building with a tile roof, offering a total of 3 downstairs rooms, a reception area, and one large upstairs open office space. This versatile layout allows for flexible use, with the possibility of designating one office as a conference or meeting room. A convenient kitchenette is included, equipped with a refrigerator and microwave. The building sits on a lot with unspecified square footage. The property is ideal for a variety of professional uses, including real estate, accounting, law firms, insurance agencies, or consulting businesses. The seller is open to including existing furniture in the sale, making this a turnkey opportunity for a new business or an established firm looking to relocate. Showings are available Monday through Friday, between 9:00 AM and 5:00 PM. This is a single-unit commercial property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $935,000
      ML approach
      $930,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,480,000
      6.5%
      $1,365,000
      7%
      $1,270,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,032,000
      Market price range: $648k - $1.03M
      AI Estimate
      $1,057,000
      Market price range: $359k - $1.06M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $785,000
      Current use
      COMMERCIAL (GENERAL)
      $1,460,000
      Change: +86% Conversion: Easy
      MEDICAL BUILDING
      $1,320,000
      Change: +69% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,235,000
      Change: +57% Conversion: Difficult
      RETAIL STORES
      $1,045,000
      Change: +34% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $955,000
      Change: +22% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $930,000
      Change: +19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6161
    Latitude
    30.2201
    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
    $21,985
    $240,000
    $968,700
    $1,208,700
    -
    $240,000
    $968,700
    $1,208,700

    Comparable in this City

    • Value Estimation
      $775,000
      3,900 SF

      4221 Baymeadows Rd

      OFFICE BUILDING • 3,900 SF
      4221 Baymeadows Rd, Jacksonville, FL 32217-4671
      View Details
    • Value Estimation by Request
      922 SF

      2700 University Blvd W Ste A3

      OFFICE BUILDING • 922 SF
      2700 University Blvd W Ste A3, Jacksonville, FL 32217-2120
      View Details
    • Value Estimation
      $1,000,000
      8,937 SF

      6025 Chester Ave

      OFFICE BUILDING • 8,937 SF
      6025 Chester Ave, Jacksonville, FL 32217-2242
      View Details
    • Value Estimation
      $665,000
      5,504 SF

      4200 Baymeadows Rd

      OFFICE BUILDING • 5,504 SF
      4200 Baymeadows Rd, Jacksonville, FL 32217-4601
      View Details
    • Value Estimation
      $605,000
      4,259 SF

      8818 Goodbys Executive Dr

      OFFICE BUILDING • 4,259 SF
      8818 Goodbys Executive Dr, Jacksonville, FL 32217-4605
      View Details
    • Value Estimation
      $605,000
      4,259 SF

      8826 Goodbys Executive Dr

      OFFICE BUILDING • 4,259 SF
      8826 Goodbys Executive Dr, Jacksonville, FL 32217-4693
      View Details

    Similar Nearby for Sale

    • $600,000
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      Jacksonville Medical Office Building

      Prime Medical Office, 2,063 SF, $600K
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    • $895,995

      Commercial Property on University Blvd

      Three buildings on one parcel, high-traffic location, investment opportunity.
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    • $225,000
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      San Jose Boulevard Office Space

      Two-story office in San Jose, suitable for various businesses.
      8777 San Jose Blvd, Jacksonville, FL 32217
      View Details
    • Contact for pricing
      2,870 SF

      Freestanding Building on San Jose

      2,870± SF building suitable for retail or medical office.
      6052 San Jose Blvd W, Jacksonville, FL 32217
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    • $3,500,000

      San Marco Redevelopment Opportunity

      Freestanding retail building on a high-traffic road.
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    • $575,000
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      Jacksonville Executive Office Condos

      Prime Southside location, 2 units, 2440 sq ft
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    Similar Nearby for Lease

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      Jacksonville Office Space for Lease

      Prime location, flexible suites, 100-1000 sq ft
      8837 Executive Dr, Jacksonville, FL 32217
      View Details
    • Contact for pricing
      1,582 SF

      Free-Standing Commercial Building For Rent

      Well-maintained commercial building with excellent visibility and ample parking.
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      View Details
    • $17 SF/Yr
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      Jacksonville Office Space for Lease

      San Marco Office: 1,155 SF Available
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      View Details
    • Contact for pricing
      2,732 SF

      Office Space on San Jose

      Office space available at high-traffic intersection in Jacksonville, FL.
      8789 San Jose Blvd, Jacksonville, FL 32217
      View Details
    • $19 SF/Yr

      Renovated Waterfront Office Suites

      Flexible office suites in a professionally managed waterfront building.
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      View Details
    • Contact for pricing
      20,640 SF

      Prime Jacksonville Office Space

      Class-A Office Suites, Flexible Sizes
      8823 San Jose Blvd, Jacksonville, FL 32217
      View Details
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    Jacksonville, FL 32217-4213
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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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