High-Frontage Office and Flex
For Sale
$1,990,000
4004 Atlantic Boulevard Jacksonville, Jacksonville, FL 32207
CCG-1 zoned property with two buildings, finished basement, and 32 parking spaces along a major corridor.
Property Size7,100 SF
Lot Size1.74 Acres
Price / SF$280.28
Days on Market42
Property Features for 4004 Atlantic Boulevard Jacksonville
General Information
Standard status
Active
Size
7,100 SF
Total Parking Spaces
32
Lot size
1.74 Acres
Zoning
CCG-1
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$15,044
Amenities
Carpet,Tile,Wood
Yes
2
No
Fenced,Full
Cleared,Few Trees
Public
1.74
Off Street,Parking Lot
Building Details
Year Built
1916
Listing Agency:
(904) 569-5862
Listed By:
Anthony Gotham
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 7
Changed: Aug 17
Last Checked: Aug 17 at 8:42AM
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 Anthony Gotham
Investment Insights
Based on property information with market context.
This high-visibility commercial site totals 1.74 acres and includes two existing buildings totaling approximately 7,100 square feet. The main building is about 4,130 square feet and features a fully finished basement, providing additional usable interior space. A secondary structure of approximately 2,970 square feet is suitable for storage today or conversion to support a variety of commercial needs.
The property sits on Atlantic Boulevard with approximately 282 feet of frontage in the St. Nicholas/Southside corridor. It is positioned among established neighborhoods, medical offices, churches, and active redevelopment. The site is described as high and dry, level, and well-drained, with sidewalks, curbs, and gutters. Parking is available for 32 vehicles, including 2 accessible spaces. City water and septic are in place, and sewer availability is indicated.
Zoned CCG-1, the property offers flexibility for office and medical use, as well as retail, restaurant, and auto service-related uses, subject to applicable approvals. The combination of street frontage, multiple structures, and on-site parking can support office users, service operators needing storage, or buyers looking for a configurable setup within a busier commercial corridor near Downtown Jacksonville and Baptist Medical Center.
The property sits on Atlantic Boulevard with approximately 282 feet of frontage in the St. Nicholas/Southside corridor. It is positioned among established neighborhoods, medical offices, churches, and active redevelopment. The site is described as high and dry, level, and well-drained, with sidewalks, curbs, and gutters. Parking is available for 32 vehicles, including 2 accessible spaces. City water and septic are in place, and sewer availability is indicated.
Zoned CCG-1, the property offers flexibility for office and medical use, as well as retail, restaurant, and auto service-related uses, subject to applicable approvals. The combination of street frontage, multiple structures, and on-site parking can support office users, service operators needing storage, or buyers looking for a configurable setup within a busier commercial corridor near Downtown Jacksonville and Baptist Medical Center.
Key Highlights
- 1.74‑acre commercial site with 282 ft of frontage on Atlantic Blvd in the St. Nicholas/Southside corridor
- Two existing buildings totaling approx. 7,100 sq ft: 4,130 sq ft main building plus 2,970 sq ft secondary structure
- Fully finished basement in the main building
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
$102,112
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
5.13%
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%
$2,042,240
$2.0M
Cap Rate 7%
$1,458,743
$1.5M
Cap Rate 9%
$1,134,578
$1.1M
Market Conditions
NOI Build-Up for 7,100 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
$170.4K $24.00/SF
− Vacancy
−$34.3K −$4.82/SF
EGI
$136.1K $19.18/SF
− OpEx
−$34.0K −$4.79/SF
NOI
$102.1K $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%
$2,042,240
Cap Rate 7%
$1,458,743
Cap Rate 9%
$1,134,578
Alternative Uses
Best Use
Office B
$1.46M
$1.28M – $1.70M
NOI $102,112 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $136,150 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 32207, FL
36,207
Population
18,866
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
11.4 sq mi
ZIP Area
3,176
Density / Sq Mi
$60,875
Median Household Income
$45,478
Median Earnings
$1,139
Median Rent
$254,800
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 - CCG-1 zoned property with two buildings, finished basement, and 32 parking spaces along a major corridor.
Where is this office building located?
The property is located at 4004 Atlantic Boulevard Jacksonville Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 1.74‑acre commercial site with 282 ft of frontage on Atlantic Blvd in the St. Nicholas/Southside corridor; Two existing buildings totaling approx. 7,100 sq ft: 4,130 sq ft main building plus 2,970 sq ft secondary structure; Fully finished basement in the main building
