8173 Baymeadows WayJacksonville, FL 32256

Property Details for 8173 Baymeadows Way

Year built

2000

Construction

STEEL FRAME

Lot size

9.27 AC

Property size (Sq ft)

68,892 SF

Zone code

IBP

Property type

Office properties

Property subtype

Office buildings

APN

152612-0750

APU

1526120750

Description

This exceptional 70,000 square foot, four-story office building, constructed in 2002, presents a compelling investment opportunity. Located at 8173 Baymeadows Way W in Jacksonville, Florida (Duval County, zip code 32256), this Class B property sits on a generous 9.27-acre lot and boasts a desirable IBP zoning designation. The building features attractive traditional brick and glass construction, offering 17,500 square foot floor plates, perfect for a variety of business needs. Two modern high-speed elevators ensure efficient vertical transportation, while a fully sprinklered system provides essential fire protection. Ample parking is available, with a 7/1,000 ratio. The property's prime location within the Southside Deerwood corridor offers convenient access to the St. Johns Town Center and major interstate roadways, making it highly attractive to businesses and employees alike. The building's design allows for customization to meet specific company specifications. The asking price is $6,500,000, translating to $92.86 per square foot, presenting a significant opportunity to acquire a property well below replacement cost. The beautiful park-like setting and proximity to the St. Johns County residential market further enhance its appeal. This is a rare chance to own a substantial, well-maintained office building in a thriving Jacksonville location.

• CAP approach

  CAP return

  Valuation

  6%

  $11,953,469

  6.5%

  $11,033,971

  7%

  $10,245,830

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,685,345

  Geo Method

  $4,685,345

• Alternative Use

  Use

  Valuation

  Residential

  $13,682,124

  Hospitality

  $12,532,752

  Educational

  $10,427,103

  Medical

  $10,785,707

  Retail

  $16,219,938

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2343

Longitude

-81.5879

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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