Freestanding Retail and Medical
For Sale
Contact for pricing
11619 Beach Boulevard, Jacksonville, FL 32246
Newly renovated freestanding building on a 1-acre parcel with modern systems and flexible floorplans for retail or medical use.
Property Size16,000 SF
Lot Size1.00 Acre
Price / SF$343.44
Days on Market199
Property Features for 11619 Beach Boulevard
General Information
Standard status
Active
Size
16,000 SF
Lot size
1.00 Acre
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Colliers | Jacksonville
(904) 358-1206
Listed By:
Mike Phillips
(904) 861-1119
Source:
Moodyscre
Added: Feb 27
Changed: Sep 13
Last Checked: Sep 14 at 6:37AM
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 Colliers | Jacksonville
Investment Insights
Based on property information with market context.
Newly renovated 16,000± SF freestanding building designed for immediate occupancy, with modern systems, refreshed interiors, and an updated exterior façade. The property offers flexible floorplans that can support either single-tenant or multi-tenant configurations, making it suitable for retail, medical, showroom, or service uses.
The building benefits from prime Beach Blvd frontage with high daily traffic counts and strong visibility along one of Jacksonville’s most active commercial corridors. It sits on a full 1-acre parcel with ample parking and flexible circulation. The site also provides easy access and visibility from I-295 and is surrounded by dense residential neighborhoods as well as retail, medical, and service-oriented businesses.
Available on a for-sale basis, the offering combines a renovated freestanding structure with a sizable site footprint for parking and potential future site enhancements.
The building benefits from prime Beach Blvd frontage with high daily traffic counts and strong visibility along one of Jacksonville’s most active commercial corridors. It sits on a full 1-acre parcel with ample parking and flexible circulation. The site also provides easy access and visibility from I-295 and is surrounded by dense residential neighborhoods as well as retail, medical, and service-oriented businesses.
Available on a for-sale basis, the offering combines a renovated freestanding structure with a sizable site footprint for parking and potential future site enhancements.
Key Highlights
- Newly renovated 16,000± SF freestanding building with refreshed interiors and updated exterior façade
- Modern systems for immediate occupancy
- Full 1‑acre parcel with ample parking and flexible circulation for site enhancements
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
$180,835
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
3.29%
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%
$3,616,700
$3.6M
Cap Rate 7%
$2,583,357
$2.6M
Cap Rate 9%
$2,009,278
$2.0M
Market Conditions
NOI Build-Up for 16,000 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
$288.0K $18.00/SF
− Vacancy
−$29.7K −$1.85/SF
EGI
$258.3K $16.15/SF
− OpEx
−$77.5K −$4.84/SF
NOI
$180.8K $11.30/SF
Area
Jacksonville, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$3,616,700
Cap Rate 7%
$2,583,357
Cap Rate 9%
$2,009,278
Alternative Uses
Best Use
Retail
$2.58M
$2.26M – $3.01M
NOI $180,835 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.38M
$3.84M – $5.11M
NOI $306,816 @ 7.0% cap · market cap 5.58%
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
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,061
Businesses Nearby
169k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 31%
Groceries 18%
Hotels & Casinos 1%
McDonald's
Dining
34,020 visits/mo
0.4 miles
Winn-Dixie
Groceries
29,862 visits/mo
0.4 miles
VyStar Credit Union
Shops & Services
14,814 visits/mo
0.1 miles
Taco Bell
Dining
14,729 visits/mo
0.5 miles
Shell
Shops & Services
10,584 visits/mo
0.4 miles
Demographics for 32246, FL
58,105
Population
26,083
Households
2.2
Avg Household Size
36
Median Age
39%
College-Educated
93%
High-School Grad
19.1 sq mi
ZIP Area
3,042
Density / Sq Mi
$78,506
Median Household Income
$46,446
Median Earnings
$1,697
Median Rent
$281,800
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?
Retail space - Newly renovated freestanding building on a 1-acre parcel with modern systems and flexible floorplans for retail or medical use.
Where is this retail space located?
The property is located at 11619 Beach Boulevard Jacksonville, FL.
What is the asking price?
The asking price for this property is $5,495,000.
What are key features of this property?
This property features: Newly renovated 16,000± SF freestanding building with refreshed interiors and updated exterior façade; Modern systems for immediate occupancy; Full 1‑acre parcel with ample parking and flexible circulation for site enhancements
