Medical Office
For Sale
$1,295,000
4124 University Blvd S, Jacksonville, FL 32216
Medical office building available for sale at 4124 University Blvd S in Jacksonville, Florida.
Property Size2,904 SF
Days on Market49
Property Features for 4124 University Blvd S
General Information
Standard status
Active
Size
2,904 SF
Class
B
Property subtype
Office
Building Details
Building Size
2,904 SF
Year Built
1955
Listing Agency:
Prime Realty Inc.
(904) 373-0578
Listed By:
Tyler Saldutti
Source:
Primerealtyinc
Added: Jun 25
Changed: Aug 11
Last Checked: Aug 12 at 4:18AM
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 Prime Realty Inc.
Investment Insights
Based on property information with market context.
This offering is a medical office building available for sale. The property is listed as medical office and office space within the broader commercial real estate category.
The address for this building is 4124 University Blvd S in Jacksonville, Florida 32216.
Further details on the building’s interior layout, size, condition, or specific improvements were not provided.
The address for this building is 4124 University Blvd S in Jacksonville, Florida 32216.
Further details on the building’s interior layout, size, condition, or specific improvements were not provided.
Key Highlights
- Medical office building for sale at 4124 University Blvd S in Jacksonville, FL
- Built in 1955
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
$47,045
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
3.63%
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%
$940,900
$940.9K
Cap Rate 7%
$672,071
$672.1K
Cap Rate 9%
$522,722
$522.7K
Market Conditions
NOI Build-Up for 2,904 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
$87.1K $30.00/SF
− Vacancy
−$8.7K −$3.00/SF
EGI
$78.4K $27.00/SF
− OpEx
−$31.4K −$10.80/SF
NOI
$47.0K $16.20/SF
Area
Jacksonville, FL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
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%
$940,900
Cap Rate 7%
$672,071
Cap Rate 9%
$522,722
Alternative Uses
Best Use
Healthcare Medical
$672.1K
$588.1K – $784.1K
NOI $47,045 @ 7.0% cap · market cap 3.63%
Second Best
Office B
$596.6K
$522.1K – $696.1K
NOI $41,765 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$795.5K
$696.1K – $928.1K
NOI $55,687 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,359
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32216, FL
42,847
Population
19,796
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
12.7 sq mi
ZIP Area
3,374
Density / Sq Mi
$63,253
Median Household Income
$44,078
Median Earnings
$1,311
Median Rent
$244,800
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?
Medical Office Space - Medical office building available for sale at 4124 University Blvd S in Jacksonville, Florida.
Where is this medical office space located?
The property is located at 4124 University Blvd S Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Medical office building for sale at 4124 University Blvd S in Jacksonville, FL; Built in 1955
