Professional Office
For Sale
Contact for pricing
3811 Blanding Blvd, Jacksonville, FL 32210
Professional office space with 12–15 parking spaces, new roof (2024), and fresh exterior paint.
Property Size3,620 SF
Price / SF$179.56
Days on Market607
Property Features for 3811 Blanding Blvd
General Information
Standard status
Active
Size
3,620 SF
Property subtype
OFFICE
Listing Agency:
Kahle Commercial Group
(904) 541-0700
Listed By:
Cynthia McLain · License #0666499
(904) 541-0700
Source:
Moodyscre
Added: Dec 31, 2024
Changed: Aug 14
Last Checked: Aug 29 at 4:29PM
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 Kahle Commercial Group
Investment Insights
Based on property information with market context.
This property offers a professional office space configured for everyday operations, with ample storage available on site. The exterior has been freshly painted, and a new roof was completed in 2024. The property also includes parking for approximately 12–15 vehicles.
The office space has excellent frontage on Blanding Blvd near Cedar River, supporting convenient access and visibility for business use.
One unit is identified as 2,870 sf available for lease under a modified gross structure, while the overall professional office space totals 3,620 sf for the property.
The office space has excellent frontage on Blanding Blvd near Cedar River, supporting convenient access and visibility for business use.
One unit is identified as 2,870 sf available for lease under a modified gross structure, while the overall professional office space totals 3,620 sf for the property.
Key Highlights
- 3620 SF professional office space; 2,870 SF available for lease at $19/SF modified gross
- Excellent frontage on Blanding Blvd near Cedar River
- New roof installed in 2024 and fresh exterior paint
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
$50,694
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
7.80%
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%
$1,013,880
$1.0M
Cap Rate 7%
$724,200
$724.2K
Cap Rate 9%
$563,267
$563.3K
Market Conditions
NOI Build-Up for 3,620 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
$86.9K $24.00/SF
− Vacancy
−$19.3K −$5.33/SF
EGI
$67.6K $18.67/SF
− OpEx
−$16.9K −$4.67/SF
NOI
$50.7K $14.00/SF
Area
ZIP 32210
Vacancy
22.20%
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%
$1,013,880
Cap Rate 7%
$724,200
Cap Rate 9%
$563,267
Alternative Uses
Best Use
Office B
$724.2K
$633.7K – $844.9K
NOI $50,694 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$991.7K
$867.7K – $1.16M
NOI $69,417 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Explore this area
Business Placement
Demographics for 32210, FL
66,415
Population
29,198
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
88%
High-School Grad
21.9 sq mi
ZIP Area
3,033
Density / Sq Mi
$58,215
Median Household Income
$36,997
Median Earnings
$1,205
Median Rent
$205,300
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 - Professional office space with 12–15 parking spaces, new roof (2024), and fresh exterior paint.
Where is this office building located?
The property is located at 3811 Blanding Blvd Jacksonville, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3620 SF professional office space; 2,870 SF available for lease at $19/SF modified gross; Excellent frontage on Blanding Blvd near Cedar River; New roof installed in 2024 and fresh exterior paint
