Freestanding Convenience Store with
New
For Sale
$525,000
1630 UNIVERSITY Boulevard S, Jacksonville, FL 32216
Commercial Sale, Jacksonville, FL
Property Size1,836 SF
Lot Size0.17 Acres
Price / SF$285.95
Days on Market2
Property Features for 1630 UNIVERSITY Boulevard S
General Information
Property type
Residential
Property subtype
Retail
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot
Lot features
Corner Lot
Directions
From I-95, take Atlantic Boulevard east. Turn right onto University Boulevard South. Property will be on the right at 1630 University Blvd S,
Subdivision
021-St Nicholas Area
Standard status
Active
APN
1340340000
Size
1,836 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1967
Floors in Building
1
Building materials
Block, Concrete
Roof type
Metal
Listing Agency:
EAGLES WORLD REALTY, INC
(904) 337-1392
Listed By:
MILIA S KAHAYAN
(904) 814-5939
Added: Sep 20
Changed: Sep 21
Last Checked: Sep 21 at 5:06AM
MLS# 2165715
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Freestanding commercial building in Jacksonville’s University Boulevard corridor, currently operating as a liquor store with drive-through access. The 1,836-square-foot structure was built in 1967 with concrete block and face brick construction, a metal roof, central heating, central air, and a parking lot. Recent work includes a new metal roof, HVAC system, updated bathroom, and foam-insulated ceiling.
The property is served by public water and public sewer and includes one bathroom. The sale offering combines the real estate with the operating business, Duval County 3PS liquor license, and FF&E. The site is located at 1630 University Boulevard S in Jacksonville, Florida.
The property is served by public water and public sewer and includes one bathroom. The sale offering combines the real estate with the operating business, Duval County 3PS liquor license, and FF&E. The site is located at 1630 University Boulevard S in Jacksonville, Florida.
Key Highlights
- 1,836‑square‑foot freestanding commercial building
- Drive‑through access for the current liquor store operation
- New metal roof and HVAC system
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,364
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$547,280
$547.3K
Cap Rate 7%
$390,914
$390.9K
Cap Rate 9%
$304,044
$304.0K
Market Conditions
NOI Build-Up for 1,836 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.7K $21.60/SF
− Vacancy
−$3.2K −$1.73/SF
EGI
$36.5K $19.87/SF
− OpEx
−$9.1K −$4.97/SF
NOI
$27.4K $14.90/SF
Area
Jacksonville, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$547,280
Cap Rate 7%
$390,914
Cap Rate 9%
$304,044
Alternative Uses
Best Use
Specialty Retail
$390.9K
$342.1K – $456.1K
NOI $27,364 @ 7.0% cap · market cap 5.21%
Second Best
Retail
$296.4K
$259.4K – $345.9K
NOI $20,751 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$503.0K
$440.1K – $586.8K
NOI $35,207 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
72k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 61%
Shops & Services 20%
Dining 19%
Publix
Groceries
44,070 visits/mo
0.1 miles
Dollar Tree
Shops & Services
14,797 visits/mo
0.1 miles
Wendy's
Dining
9,575 visits/mo
0.1 miles
Pizza Hut
Dining
2,453 visits/mo
0.1 miles
Woody's Bar-B-Q
Dining
1,405 visits/mo
0.1 miles
Demographics for 32216, FL
42,847
Population
19,796
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
12.7 sq mi
ZIP Area
3,374
Density / Sq Mi
$63,253
Median Household Income
$44,078
Median Earnings
$1,311
Median Rent
$244,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Concrete-block retail building with recent roof, HVAC, and bathroom upgrades.
Where is this grocery and convenience store located?
The property is located at 1630 UNIVERSITY Boulevard S Jacksonville, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,836‑square‑foot freestanding commercial building; Drive‑through access for the current liquor store operation; New metal roof and HVAC system
