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    8800 Baymeadows Way W Jacksonville, FL 32256
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    Property profile & analytics

    8800 Baymeadows Way W Jacksonville, FL 32256

    View on Map
    • Office buildings
    • 230,374 SF
    • 6.74 lot acres
    For Lease
    $25,970,000
    View Listing →
    Office For Lease
    $25,970,000

    Office

    Office buildings

    8800 Baymeadows Way W, Jacksonville, FL 32256
    View Listing
    Property ID
    US18-2107609
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CEVA Logistics, Jacksonville FL / Logistics Company / Freight Service
    • FDEP / Government
    • Environmental Protection Department / State Government Office
    • FedEx Drop Box / Postal Service / Courier Service
    • Revalize Software / Tech Support Center / (Bike/Boat/Book/etc) Store

    Property Details for 8800 Baymeadows Way W

    Year built
    1993
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.74 lot acres
    Property size
    230,374 SF
    Zone code
    IBP
    Property type
    Office buildings
    APN
    152612-2050
    APU
    1526122050

    Description

    This exceptional Class A office building, located at 8800 Baymeadows Way W in Jacksonville, Florida, offers a significant opportunity for businesses seeking premium space in the desirable Deerwood Center submarket. The five-story building, constructed in 1993, boasts a total of 219,126 square feet, with a substantial 103,000 square feet currently vacant and available for lease. Spaces are divisible down to 3,154 square feet, with a maximum contiguous space of 102,000 square feet, providing flexibility for various tenant needs. The property sits on 6.95 acres of land and features three total suites, offering a range of configurations. Modern amenities include elevators and ample parking, with a remarkable 7.2 parking spaces per 1,000 square feet – the highest ratio in the area, ensuring convenient access for employees and visitors. The building's strategic location within the Butler/Baymeadows submarket cluster provides excellent ingress and egress, enhancing accessibility. The property is zoned IPB-2, County, and its serene setting, complete with mature oak trees and inviting walkways, creates a highly attractive work environment for attracting and retaining top talent. This is a rare opportunity to secure significant space in a highly sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $30,741,000
      Market price range: $28.0M - $70.5M
      AI Estimate
      $19,590,000
      Market price range: $10.2M - $48.7M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $41,705,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5816
    Latitude
    30.2344
    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
    $408,782
    $2,347,712
    $20,289,288
    $22,637,000
    -
    $2,347,712
    $20,289,288
    $22,637,000

    Comparable in this City

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    • Value Estimation
      $30,410,000
      122,127 SF

      9000 Southside Blvd Bldg, Unit 200

      OFFICE BUILDING (MULTI-STORY) • 122,127 SF
      9000 Southside Blvd Bldg, Jacksonville, FL 32256-0785
      View Details
    • Value Estimation by Request
      101,216 SF

      5200 Belfort Rd

      OFFICE BUILDING (MULTI-STORY) • 101,216 SF
      5200 Belfort Rd, Jacksonville, FL 32256-6039
      View Details
    • Value Estimation
      $37,205,000
      328,340 SF

      10401 Deerwood Park Blvd

      OFFICE BUILDING (MULTI-STORY) • 328,340 SF
      10401 Deerwood Park Blvd, Jacksonville, FL 32256-0505
      View Details
    • Value Estimation
      $670,000
      4,000 SF

      5150 Belfort Rd Bldg, Unit 400

      OFFICE BUILDING • 4,000 SF
      5150 Belfort Rd Bldg, Jacksonville, FL 32256-6026
      View Details
    • Value Estimation
      $505,000
      1,212 SF

      10175 Fortune Pkwy, Unit 801

      OFFICE BUILDING • 1,212 SF
      10175 Fortune Pkwy, Jacksonville, FL 32256-6754
      View Details

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      8800 Baymeadows Way W, Jacksonville, FL 32256

      Office buildings
      8800 Baymeadows Way W, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      1,374 SF

      Renovated Office Space in Deerwood

      Recently renovated office buildings with convenient access and turnkey spaces.
      7933 Baymeadows Way, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      38,579 SF

      Class A Office Campus

      Three-building office campus with open floor plans and ample parking.
      10301 Deerwood Park Blvd, Jacksonville, FL 32256
      View Details
    • $24 SF/Yr

      Premier Jacksonville Office Space Available

      Class A office space with I-95 frontage and modern amenities.
      5200 Belfort Rd, Jacksonville, FL 32256
      View Details
    View Listing
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    Jacksonville, FL 32256
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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.

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