8171 Baymeadows WayJacksonville, FL 32256

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 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.

• 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

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

FAQs

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