Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    945 Ln S Ave Jacksonville, FL 32205-4706

    • Medical Office Space
    • 1,877 SF
    • 0.25 lot acres
    OFF-MARKET
    Last Sale
    Sep 26, 2023
    $190,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3511234
    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

    • Dean Anthony T DDS / Dental Office
    • JAX Dental Laboratory / Dental Office
    • Jones Ramona / Dental Office
    • Nelson Tina / Dental Office
    • COLORS Jax Resource Center / Community Center

    Property Details for 945 Ln S Ave

    Year built
    1975
    Construction
    WOOD
    Lot size
    0.25 lot acres
    Property size
    1,877 SF
    Zone code
    CCG-2
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    007517-0000
    APU
    75170000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7516
    Latitude
    30.3084
    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
    $3,806
    $66,240
    $137,060
    $203,300
    -
    $66,240
    $137,060
    $203,300

    Comparable in this City

    • Value Estimation by Request
      1,774 SF

      1502 Dancy St

      MEDICAL BUILDING • 1,774 SF
      1502 Dancy St, Jacksonville, FL 32205-9004
      View Details
    • Value Estimation
      $665,000
      4,480 SF

      1395 Cassat Ave

      MEDICAL BUILDING • 4,480 SF
      1395 Cassat Ave, Jacksonville, FL 32205-9616
      View Details
    • Value Estimation by Request
      1,316 SF

      1166 Ln S Ave

      MEDICAL BUILDING • 1,316 SF
      1166 Ln S Ave, Jacksonville, FL 32205-6234
      View Details
    • Value Estimation
      $3,565,000
      6,390 SF

      5607 Normandy Blvd

      MEDICAL BUILDING • 6,390 SF
      5607 Normandy Blvd, Jacksonville, FL 32205-6248
      View Details
    • Value Estimation
      $2,010,000
      7,160 SF

      2726 Saint Johns Ave

      MEDICAL BUILDING • 7,160 SF
      2726 Saint Johns Ave, Jacksonville, FL 32205-8244
      View Details
    • Value Estimation
      $1,200,000
      11,595 SF

      888 Ln S Ave

      MEDICAL BUILDING • 11,595 SF
      888 Ln S Ave, Jacksonville, FL 32205-4705
      View Details

    Similar Nearby for Sale

    • $2,995,000
      6,447 SF

      Riverside Ave Office Complex

      Historic Jacksonville Office, 6,447 SF
      2717 Riverside Ave, Jacksonville, FL 32205
      View Details
    • $599,000

      West Jacksonville Medical Office Building

      Medical office building for sale in West Jacksonville, Florida.
      953 Lane Ave, Jacksonville, FL 32205
      View Details
    • $215,000
      1,375 SF

      Corner Lot in Murray Hill

      Prime commercial property in Jacksonville's desirable Murray Hill neighborhood.
      1201 Cassat Ave, Jacksonville, FL 32205
      View Details
    • $499,000

      West Jacksonville Medical Office Building

      Medical office building for sale in West Jacksonville.
      949 Lane Ave, Jacksonville, FL 32205
      View Details
    • $1,075,000
      3,034 SF

      Versatile Flex Space Available

      Adaptable space suitable for retail, office, or flex use.
      1044 Cassat Ave, Jacksonville, FL 32205
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      70,780 SF

      Normandy Station Office Suites

      West Jacksonville Office Space Available
      7200 Normandy Blvd, Jacksonville, FL 32205
      View Details
    • $17 SF/Yr
      2,592 SF

      West Jacksonville Adaptable Space

      Strategic location with adaptable space for medical and professional uses.
      953 Lane Ave S, Jacksonville, FL 32205
      View Details
    • $17 SF/Yr

      West Jacksonville Adaptable Medical/Professional Space

      Strategic location, adaptable space ideal for medical or professional uses.
      953 Lane Ave S, Jacksonville, FL 32205
      View Details
    • Contact for pricing

      Renovated Shopping Plaza For Lease

      Newly renovated shopping plaza ideal for retail, medical, and office.
      5913 Normandy Blvd, Jacksonville, FL 32205
      View Details
    • $1,800 /Mo
      12,840 SF

      Commercial Unit with I-10 Exposure

      Well-maintained commercial unit with excellent interstate access and visibility.
      4251 Lenox Ave, Jacksonville, FL 32205
      View Details
    • $2,500 /Mo
      3,000 SF

      Murray Hill Commercial Space Available

      Commercial space in up-and-coming Murray Hill neighborhood.
      600 Edgewood Ave S, Jacksonville, FL 32205
      View Details

    Property Visit Statistics

    • Visits by month
      2.4k
    • Visitors by month
      1.1k
    • Avg Time on site
      13 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    945 Ln S Ave
    Jacksonville, FL 32205-4706
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!