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    8917 San Jose Blvd Jacksonville, FL 32257-5012
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    Property profile & analytics

    8917 San Jose Blvd, Jacksonville, FL 32257-5012

    View on Map
    • Drug stores
    • 14,163 SF
    • 1.91 lot acres
    Off-Market
    Last Sale Jan 6, 2022
    $8,060,000
    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.
    Value Estimations
    $7,530,000
    Show details
    Cap Rate Potential
    2.4%
    Drug stores
    Location Intelligence

    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
    Zone code
    CCG-2
    Property type
    Drug stores
    APN
    152550-0000
    APU
    1525500000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 6, 2022 $8,060,000 Oak Street Investment Grade Net Lea Jupiter Fund V LLC Special Warranty Deed $8.1M · Citibank NA
    May 3, 2021 $5,760,700 Project Jupiter Fund V LLC Walgreen Co Special Warranty Deed $38.1M · Bbva USA
    Dec 22, 1998 $578,500 International Equity Holdings Avera,lester C Grant Deed · related —

    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 estimation — 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
      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
      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)
      9910 San Jose Blvd, Jacksonville, FL 32257-5852
      View Details
    • Value Estimation
      $910,000
      6,648 SF

      11100 Eston Pl

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

      11101 Old Saint Augustine Rd

      GROCERY, SUPERMARKET
      11101 Old Saint Augustine Rd, Jacksonville, FL 32257-1159
      View Details
    • Value Estimation
      $1,580,000
      13,015 SF

      9436 San Jose Blvd

      RETAIL STORES (PERSONAL SERVICES)
      9436 San Jose Blvd, Jacksonville, FL 32257-5506
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,070 SF

      Retail Property on San Jose

      Retail property with high visibility on a high-traffic road.
      9902 San Jose Blvd, Jacksonville, FL 32257
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    • Contact for pricing

      Commercial Property Near San Jose Blvd

      Freestanding building suitable for retail, office, or healthcare uses.
      3683 Crown Point Rd, Jacksonville, FL 32257
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      Retail Property With Strong Performance

      NNN lease with annual rent increases in Jacksonville, Florida.
      10339 San Jose Blvd, Jacksonville, FL 32257
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    • Contact for pricing
      2,619 SF

      San Jose Boulevard Retail Investment

      NNN lease with corporate guarantee and annual rental increases.
      9760 San Jose Blvd, Jacksonville, FL 32257
      View Details
    • New
      Contact for pricing
      6,555 SF

      Newly Renovated Retail Space with Spa

      Newly renovated retail property in an enterprise zone, partially owner occupied, with an existing wellness spa tenant.
      9633 Old Saint Augustine Rd, Jacksonville, FL 32257
      View Details
    • Contact for pricing
      9,215 SF

      Multi-Tenant Warehouse For Sale

      Multi-tenant warehouse in South Jacksonville's industrial corridor.
      9451 Craven Rd, Jacksonville, FL 32257
      View Details

    Similar Nearby for Lease

    • 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
      2,519 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
      2,913 SF

      Retail Space in Crown Point

      Retail space with high traffic and pylon signage available.
      10025 San Jose Blvd, Jacksonville, FL 32257
      View Details
    • Contact for pricing
      13,144 SF

      Retail Space in High-Traffic Area

      Retail space available in a busy Jacksonville location.
      9711-9742 Old St Augustine Rd, Jacksonville, FL 32257
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space in Mandarin Center

      Retail space available in a busy Jacksonville shopping center.
      11018 Old Saint Augustine Rd, 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
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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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