6871 Belfort Oaks PlJacksonville, FL 32216

Property Details for 6871 Belfort Oaks Pl

Year built

1997

Construction

WOOD

Lot size

1.45 AC

Property size (Sq ft)

13,760 SF

Zone code

IBP

Property type

Healthcare properties

Property subtype

Medical offices

APN

152854-2195

APU

1528542195

Description

This exceptional 13,760 square foot medical office building in Jacksonville, Florida, presents a compelling investment opportunity. Boasting a strong 6.57% cap rate and a substantial net operating income (NOI) of $246,397, this fully leased property offers significant financial returns. Built in 1997 and renovated in 2002, the building comprises three units occupied by creditworthy medical tenants, ensuring minimal maintenance and consistent cash flow. Situated on a 1.45-acre lot in the Belfort Oaks Professional Office Park, this prime Southside location provides convenient access to St. Vincent's Hospital, J. Turner Butler Boulevard, and I-95. Its proximity to the beaches (under 15 miles) and downtown Jacksonville (under 9 miles) further enhances its appeal. The property is zoned IBP and offers a fantastic opportunity for a 1031 exchange. The asking price is $3,750,000, translating to $272.53 per square foot. This is a rare chance to acquire a stable, high-performing medical office building in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,387,501

  6.5%

  $2,203,847

  7%

  $2,046,430

• Comparable approach

  Method

  Valuation

  Relative Method

  $935,818

  Geo Method

  $935,818

• Alternative Use

  Use

  Valuation

  Residential

  $2,732,770

  Hospitality

  $2,503,203

  Educational

  $2,082,636

  Medical

  $2,154,261

  Retail

  $3,239,656

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2585

Longitude

-81.5832

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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