Fully Leased Multi-Tenant Retail
For Sale
$2,100,000
13550 Atlantic Blvd, Jacksonville, FL 32225
Multi-tenant retail center on a high-traffic Atlantic Boulevard corridor, fully leased with four service-oriented tenants.
Property Size5,122 SF
Price / SF$409
Days on Market92
Property Features for 13550 Atlantic Blvd
General Information
Standard status
Active
Size
5,122 SF
Class
C
Property subtype
Retail - Street Retail
Occupancy
100%
Additional Details
Traffic Count
55,000 vehicles/day
Building Details
Building Size
5,122 SF
Year Built
1983
Units
4
Tenancy
Multi
Listing Agency:
SVR Commercial
(607) 745-0364
Listed By:
Jeffrey Terwilliger · License #BK3122117
Source:
Commercialcafe
Added: May 14
Changed: Aug 8
Last Checked: Aug 12 at 7:38AM
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 SVR Commercial
Investment Insights
Based on property information with market context.
This fully leased, multi-tenant retail center totals 5,122 SF and is 100% occupied by four service-oriented tenants. The current tenant mix includes F45 Training, Pain MD, a Barber, and a Saloon, supporting a stable, in-place operating profile.
The property is located on Atlantic Blvd in Jacksonville, positioned along one of the main routes to the beaches. The site benefits from frontage on Atlantic & San Pablo and is described as having visibility and easy access, with daily traffic highlighted at 55,000 vehicles.
Surrounding retail is described as well established, with major retailers including Publix, Walmart, The Home Depot, Lowe's, and Fresh Market nearby. The offering is presented as having a strong history of renewals with annual rent increases.
The property is located on Atlantic Blvd in Jacksonville, positioned along one of the main routes to the beaches. The site benefits from frontage on Atlantic & San Pablo and is described as having visibility and easy access, with daily traffic highlighted at 55,000 vehicles.
Surrounding retail is described as well established, with major retailers including Publix, Walmart, The Home Depot, Lowe's, and Fresh Market nearby. The offering is presented as having a strong history of renewals with annual rent increases.
Key Highlights
- Fully leased 5,122 SF multi‑tenant retail center on Atlantic Blvd in Jacksonville
- 100% occupied by four service‑oriented tenants: F45 Training, Pain MD, Barber, and Saloon
- Located at Atlantic & San Pablo on a major route to the beaches with reported 55,000 vehicles daily
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
$59,052
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
2.81%
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%
$1,181,040
$1.2M
Cap Rate 7%
$843,600
$843.6K
Cap Rate 9%
$656,133
$656.1K
Market Conditions
NOI Build-Up for 5,122 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
$92.2K $18.00/SF
− Vacancy
−$7.8K −$1.53/SF
EGI
$84.4K $16.47/SF
− OpEx
−$25.3K −$4.94/SF
NOI
$59.1K $11.53/SF
Area
ZIP 32225
Vacancy
8.50%
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%
$1,181,040
Cap Rate 7%
$843,600
Cap Rate 9%
$656,133
Alternative Uses
Best Use
Retail
$843.6K
$738.2K – $984.2K
NOI $59,052 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,396 @ 7.0% cap · market cap 3.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
55,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
CarMax
Shops & Services
5,255 visits/mo
0.1 miles
Porsche Jacksonville
Shops & Services
2,358 visits/mo
0.2 miles
Enterprise Rent-A-Car
Shops & Services
2,147 visits/mo
0.4 miles
Enterprise Car Sales
Shops & Services
1,632 visits/mo
0.5 miles
Demographics for 32225, FL
57,441
Population
23,289
Households
2.5
Avg Household Size
39
Median Age
42%
College-Educated
96%
High-School Grad
26.3 sq mi
ZIP Area
2,184
Density / Sq Mi
$87,715
Median Household Income
$46,778
Median Earnings
$1,673
Median Rent
$324,300
Median Home Value
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Multi-tenant retail center on a high-traffic Atlantic Boulevard corridor, fully leased with four service-oriented tenants.
Where is this strip mall located?
The property is located at 13550 Atlantic Blvd Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Fully leased 5,122 SF multi‑tenant retail center on Atlantic Blvd in Jacksonville; 100% occupied by four service‑oriented tenants: F45 Training, Pain MD, Barber, and Saloon; Located at Atlantic & San Pablo on a major route to the beaches with reported 55,000 vehicles daily
