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    Property profile & analytics

    9765 San Jose Blvd Jacksonville, FL 32257

    • Medical offices
    • 14,765 SF
    • 2.69 lot acres
    For Lease
    View listing
    Last Sale
    Jun 15, 2021
    $3,895,000
    Value Estimations
    $4,025,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0312420
    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

    • Family Medical Centers / Medical Clinic
    • FED HELP MEDICAL CENTERS / Medical Clinic
    • First Coast Cardiovascular Institute / Medical Clinic
    • California Cryobank / Sperm Bank
    • Luis F Anez Md / Pediatrician / Physician

    Property Details for 9765 San Jose Blvd

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.69 lot acres
    Property size
    14,765 SF
    Zone code
    CCG-2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    148972-0000
    APU
    1489720000

    Description

    Mandarin Plaza, located at 9765 San Jose Blvd in Jacksonville, Florida (zip code 32257), offers a prime medical office opportunity. This Class B property comprises three single-story buildings totaling 26,863 square feet, situated on a 2.68-acre lot. The property features 12 suites, with four currently available, ranging from 1,529 to 3,764 square feet. Originally constructed in 1974, Mandarin Plaza underwent a complete exterior renovation in 2023, ensuring a modern and updated aesthetic. Its convenient location on San Jose Boulevard provides excellent ingress and egress, making it easily accessible for patients and staff. The property is zoned CCG-2, Jacksonville, and its Duval County APN is 148972-0000. The multiple tenancy structure offers flexibility for various medical practices or office uses. This well-maintained property presents a compelling investment opportunity in a thriving Jacksonville location. The property's convenient access and recent renovations make it an attractive option for medical professionals seeking a modern and functional workspace. The ample square footage and multiple suite options provide flexibility for businesses of various sizes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,235,000
      ML approach
      $4,220,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,985,000
      6.5%
      $3,680,000
      7%
      $3,415,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,230,000
      Market price range: $1.59M - $5.18M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,375,000
      Current use
      COMMERCIAL (GENERAL)
      $3,725,000
      Change: +10% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,150,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.618
    Latitude
    30.1996
    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
    $0.00
    $1,091,519
    $1,961,081
    $3,052,600
    -
    $1,091,519
    $1,961,081
    $3,052,600

    Comparable in this City

    • Value Estimation
      $2,905,000
      20,029 SF

      10337 San Jose Blvd

      MEDICAL BUILDING • 20,029 SF
      10337 San Jose Blvd, Jacksonville, FL 32257-6287
      View Details
    • Value Estimation
      $690,000
      2,195 SF

      3676 Crown Pt Ct

      MEDICAL BUILDING • 2,195 SF
      3676 Crown Pt Ct, Jacksonville, FL 32257-5966
      View Details
    • Value Estimation
      $2,540,000
      5,669 SF

      10696 Old Saint Augustine Rd

      MEDICAL BUILDING • 5,669 SF
      10696 Old Saint Augustine Rd, Jacksonville, FL 32257-1000
      View Details
    • Value Estimation by Request
      2,757 SF

      9401 Waypoint Pl

      MEDICAL BUILDING • 2,757 SF
      9401 Waypoint Pl, Jacksonville, FL 32257-9229
      View Details
    • Value Estimation
      $855,000
      4,450 SF

      4235 Sunbeam Rd

      MEDICAL BUILDING • 4,450 SF
      4235 Sunbeam Rd, Jacksonville, FL 32257-6013
      View Details
    • Value Estimation
      $2,915,000
      14,587 SF

      10503 San Jose Blvd Ste, Unit 100

      MEDICAL BUILDING • 14,587 SF
      10503 San Jose Blvd Ste, Jacksonville, FL 32257-6266
      View Details

    Similar Nearby for Sale

    • $2,125,000
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      Southside/Mandarin Owner-Occupied Office Building

      Well-maintained office building in Southside/Mandarin sub-markets.
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      Versatile Commercial Space For Sale

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      Mandarin Office Buildings For Sale

      Two office buildings in Mandarin, excellent frontage and exposure.
      9791 Old Saint Augustine Rd, Jacksonville, FL 32257
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    • $299,000

      Move-in Ready Mandarin Office Condo

      Corner office condo with new flooring, ideal for professional use.
      3840 Willaimsburg Park Blvd, Jacksonville, FL 32257
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    • $1,199,999

      Commercial Office Building For Sale

      Commercial office building with individual restrooms and kitchen spaces for sale.
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    • $1,999,000
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      Jacksonville Curaleaf NNN Retail

      6.37% Cap Rate, Corporate Guaranteed
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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
      26,863 SF

      Mandarin Plaza Medical Office

      Jacksonville medical office building, 26,863 sqft
      9765 San Jose Blvd, Jacksonville, FL 32257
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Mandarin Trade

      Prime retail location in Mandarin's regional trade area.
      11111 San Jose Blvd, Jacksonville, FL 32257
      View Details
    • $4,400 /Mo
      2,384 SF

      Renovated Office Condo in Jacksonville

      Fully renovated 2,384 SF double office condo for rent.
      unit 1&3 Shellie Rd, Jacksonville, FL 32257
      View Details
    • Contact for pricing
      4,224 SF

      Office Space Available For Rent

      Office space available for rent in Jacksonville, Florida.
      4685 Sunbeam Rd, Jacksonville, FL 32257
      View Details
    • $12 SF/Yr
      16,000 SF

      Office Space with Lake Views

      Office space featuring high ceilings, balcony, and lake views.
      3390 Kori Rd, Jacksonville, FL 32257
      View Details
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    9765 San Jose Blvd
    Jacksonville, FL 32257
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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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