Two-Suite Office
For Sale
Contact for pricing
13400 Sutton Park Dr S Bldg 900, Jacksonville, FL 32224
Flexible PUD commercial space with separate office suites, private rooms, conference areas, and on-site restrooms.
Property Size3,721 SF
Lot Size9.73 Acres
Price / SF$261.76
Days on Market20
Property Features for 13400 Sutton Park Dr S Bldg 900
General Information
Standard status
Active
Size
3,721 SF
Lot size
9.73 Acres
Property subtype
Office
Zoning
Flexible PUD
Additional Details
Highway Access
Yes
Office Units
2
Building Details
Year Built
2000
Listing Agency:
Cushman & Wakefield - Jacksonville, Florida
(904) 228-2944
Listed By:
Traci Jenks · License #FL 628865
Source:
Crexi
Added: Aug 12
Changed: Aug 30
Last Checked: Aug 30 at 9:54PM
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 Cushman & Wakefield - Jacksonville, Florida
Investment Insights
Based on property information with market context.
Built in 2000, this office property contains 3,721 SF within two distinct suites. Suite 901-902 provides a reception lobby, six private offices, a conference room, break and storage areas with closets, and two restrooms. Suite 903 adds its own lobby, five offices, and one restroom, creating a practical configuration for multiple occupants or separated operations.
The building occupies a 9.73±-acre office park at 13400 Sutton Park Dr S in Jacksonville. Its position between JTB and Beach Blvd places the property near retail, dining, and Mayo Clinic, with access to I-295 and I-95. Flexible PUD zoning supports the property's commercial office profile.
The building occupies a 9.73±-acre office park at 13400 Sutton Park Dr S in Jacksonville. Its position between JTB and Beach Blvd places the property near retail, dining, and Mayo Clinic, with access to I-295 and I-95. Flexible PUD zoning supports the property's commercial office profile.
Key Highlights
- 3,721 SF office property on a 9.73±-acre park
- Two distinct suites with separate lobbies and office layouts
- Suite 901‑902 includes six private offices, conference room, storage, and two restrooms
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
$53,515
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
5.49%
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%
$1,070,300
$1.1M
Cap Rate 7%
$764,500
$764.5K
Cap Rate 9%
$594,611
$594.6K
Market Conditions
NOI Build-Up for 3,721 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
$89.3K $24.00/SF
− Vacancy
−$18.0K −$4.82/SF
EGI
$71.4K $19.18/SF
− OpEx
−$17.8K −$4.79/SF
NOI
$53.5K $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%
$1,070,300
Cap Rate 7%
$764,500
Cap Rate 9%
$594,611
Alternative Uses
Best Use
Office B
$764.5K
$668.9K – $891.9K
NOI $53,515 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$891.9K – $1.19M
NOI $71,354 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
Explore this area
Business Placement
Demographics for 32224, FL
42,395
Population
17,221
Households
2.5
Avg Household Size
36
Median Age
54%
College-Educated
97%
High-School Grad
20.9 sq mi
ZIP Area
2,028
Density / Sq Mi
$80,774
Median Household Income
$48,043
Median Earnings
$1,690
Median Rent
$425,500
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 units - Flexible PUD commercial space with separate office suites, private rooms, conference areas, and on-site restrooms.
Where is this office units located?
The property is located at 13400 Sutton Park Dr S Bldg 900 Jacksonville, FL.
What is the asking price?
The asking price for this property is $974,000.
What are key features of this property?
This property features: 3,721 SF office property on a 9.73±-acre park; Two distinct suites with separate lobbies and office layouts; Suite 901‑902 includes six private offices, conference room, storage, and two restrooms
