Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    949 Lane Ave Jacksonville, FL 32205
    Back to Search
    Property profile & analytics

    949 Lane Ave Jacksonville, FL 32205

    View on Map
    • Medical Office Space
    • 2,046 SF
    • 0.20 lot acres
    For Sale
    $499,000
    View Listing →
    West Jacksonville Medical Office Building For Sale
    $499,000

    West Jacksonville Medical Office Building

    Medical office building for sale in West Jacksonville.

    949 Lane Avenue, Jacksonville, FL 32205
    View Listing
    Property ID
    US18-5417188
    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

    • Reza Health / Medical Clinic
    • James Gilas / Physician
    • Ronald Joseph / Physician
    • Reza Health: Mohammed B. Reza, MD / Physician

    Property Details for 949 Lane Ave

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.20 lot acres
    Property size
    2,046 SF
    Zone code
    CCG-2
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    007517-0020
    APU
    75170020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7514
    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
    $4,385
    $50,400
    $187,700
    $238,100
    -
    $50,400
    $187,700
    $238,100

    Comparable in this City

    • Value Estimation
      $3,405,000
      12,992 SF

      2700 Riverside Ave

      MEDICAL BUILDING • 12,992 SF
      2700 Riverside Ave, Jacksonville, FL 32205-8275
      View Details
    • Value Estimation
      $1,465,000
      6,832 SF

      6545 Normandy Blvd

      MEDICAL BUILDING • 6,832 SF
      6545 Normandy Blvd, Jacksonville, FL 32205-6201
      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
    • Value Estimation by Request
      2,592 SF

      953 Ln S Ave

      MEDICAL BUILDING • 2,592 SF
      953 Ln S Ave, Jacksonville, FL 32205-4706
      View Details
    • 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

    Similar Nearby for Sale

    • $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
    • Contact for pricing

      West Jacksonville Medical Office Building

      Medical office building for sale in West Jacksonville.
      949 Lane Ave, Jacksonville, FL 32205
      View Details
    • Contact for pricing
      1,375 SF

      High-Visibility Corner Commercial Building

      Freestanding 1,375 SF building in Murray Hill.
      1201 Cassat Ave, Jacksonville, FL 32205
      View Details
    • $950,000

      Jacksonville Warehouse and Office Space

      12,856± SF warehouse/office on 1.33± acres, prime location.
      1234 Orton St, 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
    • Contact for pricing
      6,447 SF

      Restored Historic Riverside Office Property

      Meticulously restored office property with modern amenities in Jacksonville, Florida.
      2717 Riverside Ave, Jacksonville, FL 32205
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      West Jacksonville Adaptable Space

      Strategic location suitable for medical and 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
    • $26,107
      21,606 SF

      Jacksonville Flex Facility For Lease

      Flex facility with showroom, office, and warehouse space available for lease.
      619 Cassat Ave, Jacksonville, FL 32205
      View Details
    • Contact for pricing

      Cassat Avenue Retail Opportunity

      Newly renovated retail spaces with high visibility and ample parking.
      1365-1389 Cassat Ave, Jacksonville, FL 32205
      View Details
    • Contact for pricing

      High-Functioning Office Suite in Jacksonville

      Office suite with collaborative wing, private offices, and full amenities.
      5400 Verna 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

    Property Visit Statistics

    • Visits by month
      2.4k
    • Visitors by month
      1.1k
    • Avg Time on site
      13 min
    View Listing
    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.
    949 Lane Ave
    Jacksonville, FL 32205
    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

    Thank You for Inquiry
    949 Lane Ave, Jacksonville, FL, 32205
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!