1227 University Blvd N, Jacksonville, FL
Retail property for sale in the heart of Arlington.
- Added:
- Nov 21, 2023
- Days on Market:
- 940
- Last Refresh:
- May 20 at 9:33 pm
Property Features for 1227 University Blvd N
General Information
- Standard status
- Active
- Size
- 4,334 SF
- Lot size
- 0.38 Acres
- Property subtype
- RETAIL
Listing agent Stanton Hudmon, CCIM License #3159641 (904) 716-5222
Listing office Pine Street/RPS, LLC (904) 716-5222
Listing date Nov 21, 2023
Source Moodyscre
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 Pine Street/RPS, LLC
HighLights
- For sale: $975,000
- Located in the "Heart of Arlington"
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.0k | $18.00 |
| − Vacancy | −$8.0k | −$1.85 |
| EGI | $70.0k | $16.15 |
| − OpEx | −$21.0k | −$4.84 |
| NOI | $49.0k | $11.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.6026
- Latitude
- 30.3333
