Flex Office and Storage
For Sale
$1,250,000
9605 Hood Road, Jacksonville, FL 32257
Flex-style building with 3,350 square feet of office space and storage, plus a 12-foot roll-up door.
Property Size5,000 SF
Lot Size1.00 Acre
Price / SF$250
Days on Market47
Property Features for 9605 Hood Road
General Information
Standard status
Active
Size
5,000 SF
Class
B
Lot size
1.00 Acre
Property subtype
Office - General Office
Zoning
CO
Building Details
Building Size
5,000 SF
Year Built
2015
Listing Agency:
SVR Commercial
(904) 454-3856
Listed By:
Kimberly Sievert · License #BK3389162
Source:
Commercialcafe
Added: Jun 25
Changed: Aug 8
Last Checked: Aug 9 at 4:32AM
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.
The property includes a 5,000-square-foot building on one acre, with approximately 3,350 square feet dedicated to office use and the remainder designated for storage. The facility is served by one 12-foot roll-up door and is identified with zoning CO. The seller notes potential use as flex with rezoning.
The site is located off Sunbeam Road with access to Philips Highway and San Jose Boulevard. It sits in an established commercial corridor serving nearby residential and business communities, and the location provides access throughout the Jacksonville market.
The building’s configuration supports a combined office and storage operation under the current layout, with office space and a majority of the area available for storage use.
The site is located off Sunbeam Road with access to Philips Highway and San Jose Boulevard. It sits in an established commercial corridor serving nearby residential and business communities, and the location provides access throughout the Jacksonville market.
The building’s configuration supports a combined office and storage operation under the current layout, with office space and a majority of the area available for storage use.
Key Highlights
- 5,000 SF building on 1 acre in Jacksonville, FL 32257 (9605 Hood Rd), built in 2015
- 3,350 SF office space plus additional storage space
- Includes one 12‑foot roll‑up door
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
$71,910
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
5.75%
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%
$1,438,200
$1.4M
Cap Rate 7%
$1,027,286
$1.0M
Cap Rate 9%
$799,000
$799.0K
Market Conditions
NOI Build-Up for 5,000 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
$120.0K $24.00/SF
− Vacancy
−$24.1K −$4.82/SF
EGI
$95.9K $19.18/SF
− OpEx
−$24.0K −$4.79/SF
NOI
$71.9K $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%
$1,438,200
Cap Rate 7%
$1,027,286
Cap Rate 9%
$799,000
Alternative Uses
Best Use
Office B
$1.03M
$898.9K – $1.20M
NOI $71,910 @ 7.0% cap · market cap 5.75%
Second Best
Flex RnD
$777.2K
$680.1K – $906.8K
NOI $54,405 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,880 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32257, FL
41,439
Population
18,465
Households
2.2
Avg Household Size
40
Median Age
36%
College-Educated
93%
High-School Grad
12.3 sq mi
ZIP Area
3,369
Density / Sq Mi
$75,180
Median Household Income
$45,772
Median Earnings
$1,441
Median Rent
$305,000
Median Home Value
Market
Vacancy Rate% for Office 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?
Flex space - Flex-style building with 3,350 square feet of office space and storage, plus a 12-foot roll-up door.
Where is this flex space located?
The property is located at 9605 Hood Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 5,000 SF building on 1 acre in Jacksonville, FL 32257 (9605 Hood Rd), built in 2015; 3,350 SF office space plus additional storage space; Includes one 12‑foot roll‑up door
