Office Building with New Roof
For Sale
$849,500
711 MARGARET Street, Jacksonville, FL 32204
COMMERCIAL - Jacksonville, FL
Property Size4,490 SF
Lot Size0.23 Acres
Price / SF$189.20
Days on Market92
Property Features for 711 MARGARET Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot, Off Street
Security features
Security System
Fencing
Chain Link
Lot features
Corner Lot, Historic Area, Irregular Lot, Sprinklers In Front
Directions
From I-10 take Stockton South to Left on Gilmore and R on Margaret St.., Property will be on your left.
Subdivision
031-Riverside
Standard status
Active
APN
0904740000
Size
4,490 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4483
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Multi Units, Central Air, Electric, Heat Pump, Ceiling Fan(s)
Water source
Public
Amenities
high ceilings
conference rooms
kitchen
ADA compliant bathrooms
vinyl plank flooring
admin and work rooms
bullpen area
Building Details
Year built
1958
Floors in Building
1
Number of units
1
Flooring type
Laminate, Tile
Building materials
Block
Roof type
Membrane
Listing Agency:
SPECTRUM REALTY SERVICES
(904) 389-7311
Listed By:
WANDA FRANKLIN · License #0583157
(904) 389-7311
Added: May 11
Changed: Aug 4
Last Checked: Aug 10 at 8:06AM
MLS# 2144740
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 office building offers 4,490 sq ft of workspace configured with numerous perimeter offices, a bullpen area, two conference rooms (one “on the glass”), and dedicated admin and work rooms. Interior amenities include a full kitchen break room, ADA-compliant bathrooms, and new vinyl plank flooring. The building is served by three HVAC systems, including one 7-ton unit and two 2-ton units, with central heating and central air support.
The property sits on a 0.23-acre lot and includes off-street parking in a parking lot setting. The roof is described as new (3 +/- years) with a 20-year warranty. Construction materials include block, with a membrane roof, and public water and public sewer services.
Built in 1958, the site is located in the Historic Riverside District and is described as walkable to Five Points Shopping, with access to Fuller Warren and I-95 on-ramps within about 1/4 mile.
The property sits on a 0.23-acre lot and includes off-street parking in a parking lot setting. The roof is described as new (3 +/- years) with a 20-year warranty. Construction materials include block, with a membrane roof, and public water and public sewer services.
Built in 1958, the site is located in the Historic Riverside District and is described as walkable to Five Points Shopping, with access to Fuller Warren and I-95 on-ramps within about 1/4 mile.
Key Highlights
- 4,490 sq ft office building with numerous perimeter offices and bullpen area
- 0.23‑acre lot with off‑street parking in a parking lot setting
- Three HVAC units: one 7‑ton and two 2‑ton systems
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
$64,575
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
7.60%
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%
$1,291,500
$1.3M
Cap Rate 7%
$922,500
$922.5K
Cap Rate 9%
$717,500
$717.5K
Market Conditions
NOI Build-Up for 4,490 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
$107.8K $24.00/SF
− Vacancy
−$21.7K −$4.82/SF
EGI
$86.1K $19.18/SF
− OpEx
−$21.5K −$4.79/SF
NOI
$64.6K $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%
$1,291,500
Cap Rate 7%
$922,500
Cap Rate 9%
$717,500
Alternative Uses
Best Use
Office B
$922.5K
$807.2K – $1.08M
NOI $64,575 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,100 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,861
Businesses Nearby
Explore this area
Business Placement
Demographics for 32204, FL
8,673
Population
5,342
Households
1.6
Avg Household Size
39
Median Age
41%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,212
Density / Sq Mi
$54,462
Median Household Income
$47,872
Median Earnings
$1,132
Median Rent
$342,700
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?
Office building - Office building featuring a roof installed within the last few years and ADA-compliant restrooms.
Where is this office building located?
The property is located at 711 MARGARET Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $849,500.
What are key features of this property?
This property features: 4,490 sq ft office building with numerous perimeter offices and bullpen area; 0.23‑acre lot with off‑street parking in a parking lot setting; Three HVAC units: one 7‑ton and two 2‑ton systems
