Retail Space in Arlington
For Sale
Contact for pricing
1227 University Blvd N, Jacksonville, FL
Retail property for sale in the heart of Arlington.
Property Size4,334 SF
Lot Size0.38 Acres
Price / SF$224.97
Days on Market1051
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 Agency:
Pine Street/RPS, LLC
(904) 398-1044
Listed By:
Stanton Hudmon, CCIM · License #3159641
(904) 716-5222
Source:
Moodyscre
Added: Nov 21, 2023
Changed: Aug 8
Last Checked: Jul 26 at 8:47AM
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
Investment Insights
Based on property information with market context.
This retail property, situated in the heart of Arlington, offers 4,334 square feet of space. It is intended for retail use.
Key Highlights
- For sale: $975,000
- Located in the "Heart of Arlington"
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,984
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$979,680
$979.7K
Cap Rate 7%
$699,771
$699.8K
Cap Rate 9%
$544,267
$544.3K
Market Conditions
NOI Build-Up for 4,334 SF
Gross rent
$78.0K $18.00/SF
− Vacancy
−$8.0K −$1.85/SF
EGI
$70.0K $16.15/SF
− OpEx
−$21.0K −$4.84/SF
NOI
$49.0K $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 Rate 5%
$979,680
Cap Rate 7%
$699,771
Cap Rate 9%
$544,267
Alternative Uses
Best Use
Retail
$699.8K
$612.3K – $816.4K
NOI $48,984 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,109 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,127
Businesses Nearby
115k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 25%
Groceries 21%
Home Improvements & Furnishings 6%
Wawa
Shops & Services
26,697 visits/mo
0.2 miles
Winn-Dixie
Groceries
24,118 visits/mo
0.1 miles
McDonald's
Dining
23,349 visits/mo
0.2 miles
Speedway
Shops & Services
6,464 visits/mo
0.2 miles
Turner Ace Hardware
Home Improvements & Furnishings
6,316 visits/mo
0.2 miles
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 - Retail property for sale in the heart of Arlington.
Where is this retail space located?
The property is located at 1227 University Blvd N Jacksonville, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: For sale: $975,000; Located in the "Heart of Arlington"
