Office Building with Central
For Sale
$225,000
7006 ATLANTIC BLVC Boulevard, Jacksonville, FL 32211
Commercial Sale, Jacksonville, FL
Property Size964 SF
Lot Size0.12 Acres
Price / SF$233.40
Days on Market36
Property Features for 7006 ATLANTIC BLVC Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From University Blvd, east on Atlantic Blvd. to 7006 Atlantic Blvd.
Subdivision
022-Grove Park/Sans Souci
Standard status
Active
APN
1452910000
Size
964 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1835
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Number of units
1
Building materials
Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
MIDDLETON REALTY, INC.
(904) 514-4335
Listed By:
PATRICK MIDDLETON · License #0438015
(904) 743-1060
Added: Aug 13
Changed: Sep 3
Last Checked: Sep 17 at 12:06PM
MLS# 2159948
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 964-square-foot office building occupies a 0.12-acre parcel and was formerly used as a CPA office. The property has frame construction with vinyl siding, a shingle roof, central heating, and central air conditioning. Public water serves the site.
The property is located on Atlantic Boulevard in Jacksonville, Florida. CCG-2 zoning is in place, providing a defined commercial land-use designation for the office asset.
The property is located on Atlantic Boulevard in Jacksonville, Florida. CCG-2 zoning is in place, providing a defined commercial land-use designation for the office asset.
Key Highlights
- 964‑square‑foot office building on a 0.12‑acre parcel
- CCG‑2 zoning
- Former CPA office use
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
$13,864
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
6.16%
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%
$277,280
$277.3K
Cap Rate 7%
$198,057
$198.1K
Cap Rate 9%
$154,044
$154.0K
Market Conditions
NOI Build-Up for 964 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
$23.1K $24.00/SF
− Vacancy
−$4.7K −$4.82/SF
EGI
$18.5K $19.18/SF
− OpEx
−$4.6K −$4.79/SF
NOI
$13.9K $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%
$277,280
Cap Rate 7%
$198,057
Cap Rate 9%
$154,044
Alternative Uses
Best Use
Office B
$198.1K
$173.3K – $231.1K
NOI $13,864 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$264.1K
$231.1K – $308.1K
NOI $18,486 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Explore this area
Business Placement
Demographics for 32211, FL
34,168
Population
15,250
Households
2.2
Avg Household Size
36
Median Age
20%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
4,167
Density / Sq Mi
$55,208
Median Household Income
$33,993
Median Earnings
$1,104
Median Rent
$208,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office property with CCG-2 zoning, central heating, and central air conditioning.
Where is this office building located?
The property is located at 7006 ATLANTIC BLVC Boulevard Jacksonville, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 964‑square‑foot office building on a 0.12‑acre parcel; CCG‑2 zoning; Former CPA office use
