11512 Lake Mead AveJacksonville, FL 32256

  • Office properties
  • 1,442 SF
For Sale
$1,200,000 View listing

Property Details for 11512 Lake Mead Ave

Year built
2007
Construction
WOOD
Lot size
0.01 AC
Property size (Sq ft)
1,442 SF
Property type
Office properties
Property subtype
Other office properties
APN
167745-8550
APU
1677458550

Description

This exceptional Class A medical office condo, located at 11512 Lake Mead Ave, Jacksonville, FL 32256, presents a unique investment opportunity. The 2,496 square-foot, single-story building, built in 2007, sits on a 0.06-acre lot within a thriving medical office park. Currently vacant with an occupancy date of September 30, 2024, this fee-simple property offers immediate potential for owner-occupancy or investment. All exam rooms and the break room are fully plumbed, providing a turnkey solution for medical professionals. The property boasts convenient access to major roadways, including I-295 and SR-202, ensuring high visibility and accessibility. Zoned PUD, this property features one unit in a single building. The asking price is $1,200,000, translating to $480.77 per square foot. This prime location in a growing healthcare corridor of Jacksonville offers a strong and steady demand for medical office space, making it an attractive investment for long-term value and potential rental income. The property's APN is 167745-8540, 167745-8535.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $250,202
    6.5%
    $230,956
    7%
    $214,459
  • Comparable approach

    Method
    Valuation
    Relative Method
    $98,070
    Geo Method
    $98,070
  • Alternative Use

    Use
    Valuation
    Residential
    $286,385
    Hospitality
    $262,327
    Educational
    $218,253
    Medical
    $225,759
    Retail
    $339,505
11512 Lake Mead Ave, Jacksonville, Florida

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.2325
Longitude
-81.5129
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
$4,954
-
$288,400
$288,400
-
-
$288,400
$288,400

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