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    Property profile & analytics

    8917 San Jose Blvd Jacksonville, FL 32257-5012

    • Drug stores
    • 14,163 SF
    • 1.91 lot acres
    OFF-MARKET
    Last Sale
    Jan 06, 2022
    $8,060,000
    Value Estimations
    $7,530,000
    Show details
    Cap Rate Potential
    2.4%
    Drug stores
    Location Intelligence
    Property ID
    US18-0518319
    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

    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Cardtronics ATM / Atm
    • LibertyX Bitcoin ATM / Atm
    • FedEx OnSite / Postal Service / Courier Service
    • Blue Rhino Propane Exchange / Propane Supplier

    Property Details for 8917 San Jose Blvd

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.91 lot acres
    Property size
    14,163 SF
    Zone code
    CCG-2
    Property type
    Drug stores
    APN
    152550-0000
    APU
    1525500000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,755,000
      ML approach
      $7,240,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $7,520,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6167
    Latitude
    30.2171
    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
    $65,004
    $1,102,062
    $2,447,838
    $3,549,900
    -
    $1,102,062
    $2,447,838
    $3,549,900

    Comparable in this City

    • Value Estimation
      $2,145,000
      15,608 SF

      9509 San Jose Blvd

      DRUG STORE, PHARMACY • 15,608 SF
      9509 San Jose Blvd, Jacksonville, FL 32257-5431
      View Details
    • Value Estimation
      $1,860,000
      13,234 SF

      11060 Old Saint Augustine Rd

      DRUG STORE, PHARMACY • 13,234 SF
      11060 Old Saint Augustine Rd, Jacksonville, FL 32257-1158
      View Details
    • Value Estimation by Request
      1,821 SF

      9910 San Jose Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,821 SF
      9910 San Jose Blvd, Jacksonville, FL 32257-5852
      View Details
    • Value Estimation
      $910,000
      6,648 SF

      11100 Eston Pl

      CONVENIENCE STORE • 6,648 SF
      11100 Eston Pl, Jacksonville, FL 32257-1540
      View Details
    • Value Estimation
      $3,115,000
      45,766 SF

      11101 Old Saint Augustine Rd

      GROCERY, SUPERMARKET • 45,766 SF
      11101 Old Saint Augustine Rd, Jacksonville, FL 32257-1159
      View Details
    • Value Estimation
      $1,685,000
      16,417 SF

      9605 San Jose Blvd

      RETAIL STORES (PERSONAL SERVICES) • 16,417 SF
      9605 San Jose Blvd, Jacksonville, FL 32257-5433
      View Details

    Similar Nearby for Sale

    • $1,999,000
      2,619 SF

      Jacksonville Curaleaf NNN Retail

      6.37% Cap Rate, Corporate Guaranteed
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    • Contact for pricing
      2,070 SF

      Retail Property on San Jose

      Retail property with high visibility on a high-traffic road.
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    • $900,000
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      Jacksonville Liquor Business For Sale

      Profitable liquor business with 3PS license in prime Jacksonville location.
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    • $132,000
      2,400 SF

      Established Turnkey Deli & Grill

      Turnkey restaurant opportunity in a high-traffic Jacksonville location.
      9735 Old St Augustine Rd, Jacksonville, FL 32257
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    • $729,000

      Versatile Commercial Space For Sale

      0.94-acre property with flexible zoning and multiple buildings.
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    • $750,000
      0.41 Acres

      Commercial Vacant Land Pad Ready

      Prime commercial land in Jacksonville, ready for immediate development.
      10117 Old St Augustine Rd, Jacksonville, FL 32257
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    Similar Nearby for Lease

    • Contact for pricing
      2,576 SF

      Medical and Office Space Available

      26,863 SF property undergoing exterior renovation in 2023.
      9759 San Jose Blvd, Jacksonville, FL 32257
      View Details
    • Contact for pricing
      3,080 SF

      Retail Space in Crown Point

      Retail spaces available in high-traffic Crown Point Plaza.
      10025-10063 San Jose Blvd, Jacksonville, FL 32257
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space on San Jose

      Retail space with high visibility on heavily traveled San Jose.
      11112 San Jose Blvd, Jacksonville, FL 32257
      View Details
    • Contact for pricing
      2,000 SF

      Retail Center in Mandarin

      Neighborhood retail center in Jacksonville's Mandarin sub-market.
      5285 Shad Rd, Jacksonville, FL 32257
      View Details
    • Contact for pricing
      1,840 SF

      Retail Space Near I-295

      Retail space with high visibility and access to I-295.
      11230 Old Saint Augustine Rd, Jacksonville, FL 32257
      View Details
    • New
      $1,000 /Mo
      100 SF

      Treatment Room in High-Traffic Salon

      Private treatment room for lease in Jacksonville salon.
      9735 Old St Augustine Rd, Jacksonville, FL 32257
      View Details
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    Jacksonville, FL 32257-5012
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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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