Air-Conditioned Flex
For Sale
$495,000
403-3653 Regent Blvd, Jacksonville, FL 32224
Office/showroom space and a bay door provide a practical setup for business operations or storage.
Property Size2,400 SF
Price / SF$206.25
Days on Market779
Property Features for 403-3653 Regent Blvd
General Information
Standard status
Active
Size
2,400 SF
Warehouse & Industrial
Clear Height
29 ft
Office Build-Out
578 SF
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,211
Listing Agency:
ANNALYECE REALTY LLC
(904) 371-4962
Listed By:
ED MANSON
(904) 371-4962
Source:
Exprealty
Added: Jul 15, 2024
Changed: Aug 31
Last Checked: Aug 31 at 8:04PM
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 ANNALYECE REALTY LLC
Investment Insights
Based on property information with market context.
This flex-space property at Eastpark Business Center combines a 2,400-square-foot air-conditioned workspace with approximately 578 square feet configured for office or showroom use. The suite includes HVAC, one bay door, and ceiling clearance reaching up to 29 feet, creating a functional blend of finished workspace and warehouse capacity.
Located at 403-3653 Regent Blvd in Jacksonville, the property provides access to I-295 and I-95, with beaches also identified as part of the surrounding access profile. The combination of office improvements, loading access, and substantial ceiling height supports a range of business and storage functions within one commercial unit.
Located at 403-3653 Regent Blvd in Jacksonville, the property provides access to I-295 and I-95, with beaches also identified as part of the surrounding access profile. The combination of office improvements, loading access, and substantial ceiling height supports a range of business and storage functions within one commercial unit.
Key Highlights
- 2,400 square feet of air‑conditioned flex space
- Approximately 578 SF of office/showroom area
- Ceiling height reaches up to 29'
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
$34,517
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
6.97%
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%
$690,340
$690.3K
Cap Rate 7%
$493,100
$493.1K
Cap Rate 9%
$383,522
$383.5K
Market Conditions
NOI Build-Up for 2,400 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
$57.6K $24.00/SF
− Vacancy
−$11.6K −$4.82/SF
EGI
$46.0K $19.18/SF
− OpEx
−$11.5K −$4.79/SF
NOI
$34.5K $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%
$690,340
Cap Rate 7%
$493,100
Cap Rate 9%
$383,522
Alternative Uses
Best Use
Office B
$493.1K
$431.5K – $575.3K
NOI $34,517 @ 7.0% cap · market cap 6.97%
Second Best
Flex RnD
$373.1K
$326.4K – $435.2K
NOI $26,114 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$657.5K
$575.3K – $767.0K
NOI $46,022 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
29 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Under-served
Demand for This Use
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?
Flex space - Office/showroom space and a bay door provide a practical setup for business operations or storage.
Where is this flex space located?
The property is located at 403-3653 Regent Blvd Jacksonville, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,400 square feet of air‑conditioned flex space; Approximately 578 SF of office/showroom area; Ceiling height reaches up to 29'
