Commercial Land with Existing
For Sale
$1,990,000
4004 ATLANTIC Boulevard, Jacksonville, FL 32207
Commercial Sale, Jacksonville, FL
Property Size7,100 SF
Lot Size1.74 Acres
Price / SF$280.28
Days on Market145
Property Features for 4004 ATLANTIC Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Off Street, Parking Lot
Security features
Security System
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Lot features
Cleared, Few Trees
Directions
I-95 North to EXIT 348 10 West Atlantic Blvd, to ALT 90 Atlantic Blvd, 4004 Atlantic is on the Right.
Subdivision
021-St Nicholas Area
Standard status
Active
APN
1294730000
Size
7,100 SF
Lot size
1.74 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15044
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1916
Flooring type
Carpet, Tile, Wood
Building materials
Brick, Concrete, Wood Siding
Roof type
Shingle
Listing Agency:
COLDWELL BANKER VANGUARD REALTY · Coldwell Banker Real Estate
(904) 269-7117
Listed By:
STACEY BURKINS
(904) 591-3638
Added: Apr 15
Changed: Sep 2
Last Checked: Sep 6 at 12:06AM
MLS# 2140190
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.
This 1.74-acre commercial property includes two existing structures totaling approximately 7,100 square feet. The primary building contains 4,130 square feet and a finished basement, while the 2,970-square-foot secondary structure provides additional enclosed space suitable for storage or conversion. Site improvements include sidewalks, curbs, gutters, fencing, and 32 parking spaces, including 2 accessible spaces. Construction materials include brick, concrete, and wood siding; interior finishes include carpet, tile, and wood. Central heating and central air are in place.
The property fronts Atlantic Boulevard for 282 feet and is located in Jacksonville’s St. Nicholas/Southside corridor. Downtown Jacksonville and St. Nicholas are each 3 miles away, Baptist Medical Center is 3 miles away, and the beaches are 14 miles from the site. CCG-1 zoning supports retail, office, medical, restaurant, and auto service uses. Public water and a septic tank serve the property.
The property fronts Atlantic Boulevard for 282 feet and is located in Jacksonville’s St. Nicholas/Southside corridor. Downtown Jacksonville and St. Nicholas are each 3 miles away, Baptist Medical Center is 3 miles away, and the beaches are 14 miles from the site. CCG-1 zoning supports retail, office, medical, restaurant, and auto service uses. Public water and a septic tank serve the property.
Key Highlights
- 1.74‑acre commercial site with 282 feet of frontage on Atlantic Boulevard
- Two buildings total approximately 7,100 square feet
- 4,130‑square‑foot main building with a fully finished basement
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
$102,112
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
5.13%
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%
$2,042,240
$2.0M
Cap Rate 7%
$1,458,743
$1.5M
Cap Rate 9%
$1,134,578
$1.1M
Market Conditions
NOI Build-Up for 7,100 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
$170.4K $24.00/SF
− Vacancy
−$34.3K −$4.82/SF
EGI
$136.1K $19.18/SF
− OpEx
−$34.0K −$4.79/SF
NOI
$102.1K $14.38/SF
Area
Jacksonville, FL
Vacancy
20.10%
Lease Rate
$24.00 /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%
$2,042,240
Cap Rate 7%
$1,458,743
Cap Rate 9%
$1,134,578
Alternative Uses
Best Use
Office B
$1.46M
$1.28M – $1.70M
NOI $102,112 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $136,150 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
Explore this area
Business Placement
Demographics for 32207, FL
36,207
Population
18,866
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
11.4 sq mi
ZIP Area
3,176
Density / Sq Mi
$60,875
Median Household Income
$45,478
Median Earnings
$1,139
Median Rent
$254,800
Median Home Value
Market
Vacancy Rate% for Office in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - CCG-1-zoned commercial site with two existing structures, established site improvements, and multiple documented commercial use options.
Where is this commercial land located?
The property is located at 4004 ATLANTIC Boulevard Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 1.74‑acre commercial site with 282 feet of frontage on Atlantic Boulevard; Two buildings total approximately 7,100 square feet; 4,130‑square‑foot main building with a fully finished basement
