Fully Equipped Medical
For Sale
$225,000
11362 San Jose Boulevard, Jacksonville, FL 32223
Newly built space includes furnishings, décor, inventory, and specialized equipment for immediate wellness and aesthetics operations.
Property Size1,388 SF
Price / SF$162.10
Days on Market36
Property Features for 11362 San Jose Boulevard
General Information
Standard status
Active
Size
1,388 SF
Additional Details
Furnished
Yes
Business Included
Yes
Listing Agency:
OAKLEAF EQUITY INC
(904) 386-4182
Listed By:
FRANCISCO SEFAIR
Source:
Onewinningteam
Added: Jul 27
Changed: Aug 30
Last Checked: Aug 30 at 3:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of OAKLEAF EQUITY INC
Investment Insights
Based on property information with market context.
This newly built medical spa occupies 1,388 square feet in Jacksonville’s Mandarin area. The premises are fully equipped and include professional build-out, specialized equipment, furniture, décor, inventory, and business setup components. The completed environment is configured for wellness and aesthetics services and is available for immediate operation.
The property is located at 11362 San Jose Boulevard, Jacksonville, FL 32223. Its existing improvements and included contents provide an established physical setting for a medical spa concept, expansion of an existing brand, or a new operator entering the wellness and aesthetics field.
The property is located at 11362 San Jose Boulevard, Jacksonville, FL 32223. Its existing improvements and included contents provide an established physical setting for a medical spa concept, expansion of an existing brand, or a new operator entering the wellness and aesthetics field.
Key Highlights
- 1,388‑square‑foot medical spa in Jacksonville’s Mandarin area
- Newly built facility with completed professional build‑out
- Specialized medical spa equipment included
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
$19,962
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
8.87%
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%
$399,240
$399.2K
Cap Rate 7%
$285,171
$285.2K
Cap Rate 9%
$221,800
$221.8K
Market Conditions
NOI Build-Up for 1,388 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
$33.3K $24.00/SF
− Vacancy
−$6.7K −$4.82/SF
EGI
$26.6K $19.18/SF
− OpEx
−$6.7K −$4.79/SF
NOI
$20.0K $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%
$399,240
Cap Rate 7%
$285,171
Cap Rate 9%
$221,800
Alternative Uses
Best Use
Healthcare Medical
$321.2K
$281.1K – $374.8K
NOI $22,486 @ 7.0% cap · market cap 9.99%
Second Best
Office B
$285.2K
$249.5K – $332.7K
NOI $19,962 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$380.2K
$332.7K – $443.6K
NOI $26,616 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32223, FL
25,600
Population
10,639
Households
2.4
Avg Household Size
47
Median Age
40%
College-Educated
95%
High-School Grad
11.5 sq mi
ZIP Area
2,226
Density / Sq Mi
$91,599
Median Household Income
$50,736
Median Earnings
$1,500
Median Rent
$377,500
Median Home Value
Market
Vacancy Rate% for Office in Jacksonville, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Spa & wellness property - Newly built space includes furnishings, décor, inventory, and specialized equipment for immediate wellness and aesthetics operations.
Where is this spa & wellness property located?
The property is located at 11362 San Jose 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: 1,388‑square‑foot medical spa in Jacksonville’s Mandarin area; Newly built facility with completed professional build‑out; Specialized medical spa equipment included
