Office Unit with Unfinished
For Sale
Contact for pricing
14011 Beach Blvd. Unit #240, Jacksonville, FL 32250
Open-plan office unit with reception, waiting area, two offices or exam rooms, and two restrooms.
Property Size2,562 SF
Price / SF$350
Days on Market26
Property Features for 14011 Beach Blvd. Unit #240
General Information
Standard status
Active
Size
2,562 SF
Property subtype
Office
Building Details
Year Built
2008
Units
1
Tenancy
Single
Owner Occupied
Yes
Abandoned
No
Listing Agency:
Strategic Sites, LLC
Listed By:
Kate Clifford · License #FL BK634085
Source:
Crexi
Added: Jul 16
Changed: Aug 9
Last Checked: Aug 9 at 11:52AM
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 Strategic Sites, LLC
Investment Insights
Based on property information with market context.
Morgar Professional Center includes this 2562-SF office unit with an open-plan interior. The existing arrangement provides a reception area, waiting area, two offices or exam rooms, and two restrooms. Approximately 1,000 SF is unfinished storage, creating a substantial area within the unit that has not been completed.
The property is located at 14011 Beach Blvd., Unit #240, Jacksonville, FL 32250, along Beach Blvd. between San Pablo Rd. and Hodges Blvd. Built in 2008, the unit is currently occupied by the seller and will be delivered vacant at closing. The suite’s existing layout and unfinished storage area are the primary physical components of the offering.
The property is located at 14011 Beach Blvd., Unit #240, Jacksonville, FL 32250, along Beach Blvd. between San Pablo Rd. and Hodges Blvd. Built in 2008, the unit is currently occupied by the seller and will be delivered vacant at closing. The suite’s existing layout and unfinished storage area are the primary physical components of the offering.
Key Highlights
- 2562 SF office unit in Morgar Professional Center
- Open‑plan layout with reception and waiting areas
- Two offices or exam rooms 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
$36,847
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
4.11%
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%
$736,940
$736.9K
Cap Rate 7%
$526,386
$526.4K
Cap Rate 9%
$409,411
$409.4K
Market Conditions
NOI Build-Up for 2,562 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
$61.5K $24.00/SF
− Vacancy
−$12.4K −$4.82/SF
EGI
$49.1K $19.18/SF
− OpEx
−$12.3K −$4.79/SF
NOI
$36.8K $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%
$736,940
Cap Rate 7%
$526,386
Cap Rate 9%
$409,411
Alternative Uses
Best Use
Office B
$526.4K
$460.6K – $614.1K
NOI $36,847 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$701.8K
$614.1K – $818.8K
NOI $49,129 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
Explore this area
Business Placement
Demographics for 32250, FL
30,080
Population
14,935
Households
2
Avg Household Size
43
Median Age
53%
College-Educated
95%
High-School Grad
9.0 sq mi
ZIP Area
3,342
Density / Sq Mi
$111,553
Median Household Income
$55,396
Median Earnings
$1,805
Median Rent
$526,000
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 - Open-plan office unit with reception, waiting area, two offices or exam rooms, and two restrooms.
Where is this office units located?
The property is located at 14011 Beach Blvd. Unit #240 Jacksonville, FL.
What is the asking price?
The asking price for this property is $896,700.
What are key features of this property?
This property features: 2562 SF office unit in Morgar Professional Center; Open‑plan layout with reception and waiting areas; Two offices or exam rooms and two restrooms
