Class A Office
For Sale
Contact for pricing
Pending
13553 Atlantic Blvd, Jacksonville, FL 32225
High-quality, income-generating office asset with stable cash flow.
Property Size10,592 SF
Days on Market147
Property Features for 13553 Atlantic Blvd
General Information
Standard status
Pending
Size
10,592 SF
Property subtype
Office, Mixed Use
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$330,000
Building Details
Year Built
2018
Stories
2
Units
2
Listing Agency:
Cross Regions Group
Listed By:
Turul Sengul, CCIM · License #FLBK3388828
Source:
Crexi
Added: Mar 19
Changed: Aug 8
Last Checked: Aug 12 at 5:48AM
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 Cross Regions Group
Investment Insights
Based on property information with market context.
This \u00b110,592 square foot Class A office building, constructed within the past eight years, offers modern architectural design, premium interior finishes, and functionality. The property is strategically positioned along Atlantic Boulevard, benefiting from exceptional frontage, high daily traffic counts, and convenient access. It is 100% leased to a diversified tenant roster, including a well-established childcare operator and a professional office user, both secured under long-term lease agreements with approximately 4.5 and 5 years of remaining term, respectively. The leases are structured on a triple-net (NNN) basis, providing passive income and limited landlord responsibilities. The property is offered as an income-generating asset with stable in-place cash flow and minimal management burden, delivering an attractive going-in cap rate of approximately 6.75% on $330,000 of net operating income. It is particularly well-suited for 1031 exchange buyers or investors seeking stable, predictable yield in a strong submarket.
Key Highlights
- High‑quality Class A office asset generating income.
- 100% leased to diversified tenants with long‑term lease agreements (4.5 and 5 years remaining).
- Triple‑net (NNN) leases provide passive income and limited landlord responsibilities.
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
$145,364
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
2.97%
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%
$2,907,280
$2.9M
Cap Rate 7%
$2,076,629
$2.1M
Cap Rate 9%
$1,615,156
$1.6M
Market Conditions
NOI Build-Up for 10,592 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
$249.1K $23.52/SF
− Vacancy
−$55.3K −$5.22/SF
EGI
$193.8K $18.30/SF
− OpEx
−$48.5K −$4.57/SF
NOI
$145.4K $13.72/SF
Area
ZIP 32225
Vacancy
22.20%
Lease Rate
$23.52 /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%
$2,907,280
Cap Rate 7%
$2,076,629
Cap Rate 9%
$1,615,156
Alternative Uses
Best Use
Office B
$2.08M
$1.82M – $2.42M
NOI $145,364 @ 7.0% cap · market cap 2.97%
Second Best
Mixed Use
$1.50M
$1.31M – $1.75M
NOI $104,861 @ 7.0% cap · market cap 2.14%
Theoretical Best
Office A
$2.46M
$2.16M – $2.87M
NOI $172,459 @ 7.0% cap · market cap 3.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Explore this area
Business Placement
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 Office in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - High-quality, income-generating office asset with stable cash flow.
Where is this office building located?
The property is located at 13553 Atlantic Blvd Jacksonville, FL.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: High‑quality Class A office asset generating income.; 100% leased to diversified tenants with long‑term lease agreements (4.5 and 5 years remaining).; Triple‑net (NNN) leases provide passive income and limited landlord responsibilities.
