8171 Baymeadows WayJacksonville, FL 32256

  • Office properties
  • 67,990 SF
For Sale
$7,700,000 View listing

Property Details for 8171 Baymeadows Way

Year built
1995
Construction
STEEL FRAME
Lot size
9.01 AC
Property size (Sq ft)
67,990 SF
Zone code
IBP
Property type
Office properties
Property subtype
Office buildings
APN
152612-0170
APU
1526120170

Description

This exceptional four-story, 70,000-square-foot office building presents a compelling investment opportunity in Jacksonville, Florida. Located on a 9.01-acre lot in the desirable Southside Deerwood corridor, this Class B property boasts a prime location with convenient access to Interstate 95 and the St. Johns Town Center. Built in 1985, the building features traditional brick and glass construction, two modern high-speed elevators, and a fully sprinklered system. A generator ensures uninterrupted operations. The building offers a significant amount of parking. The first and second floors are currently available, while the third and fourth floors are leased until December 31, 2028. The property is zoned IBP, allowing for flexibility in future use. This offering presents a chance to acquire a substantial property significantly below replacement cost, in a beautiful park-like setting, and within close proximity to the St. Johns County residential market. The building's features, location, and lease terms make it an ideal investment for a growing business seeking a prominent presence in a thriving market. The building is situated in a location that offers excellent visibility and accessibility.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $11,796,963
    6.5%
    $10,889,504
    7%
    $10,111,682
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,624,000
    Geo Method
    $4,624,000
  • Alternative Use

    Use
    Valuation
    Residential
    $13,502,985
    Hospitality
    $12,368,662
    Educational
    $10,290,581
    Medical
    $10,644,490
    Retail
    $16,007,571
8171 Baymeadows Way, Jacksonville, Florida

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.234
Longitude
-81.5895
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
$131,778
$2,289,918
$6,024,982
$8,314,900
-
$2,289,918
$6,024,982
$8,314,900

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