8171 Baymeadows WayJacksonville, FL 32256
- Office properties
- 67,990 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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