Mixed-Use Property with Flex
For Sale
$330,000
Pending
1549 Blanding Blvd, Jacksonville, FL 32210
CRO-zoned property combines a professional-use building with enclosed garage and workspace improvements.
Property Size1,360 SF
Lot Size0.50 Acres
Days on Market15
Property Features for 1549 Blanding Blvd
General Information
Standard status
Pending
Size
1,360 SF
Lot size
0.50 Acres
Property subtype
Commercial
Zoning
CRO
Additional Details
Road Access
Yes
Drive-In Doors
2
Building Details
Year Built
1941
Buildings
2
Listing Agency:
FORWARD REAL ESTATE INVESTMENT GROUP LLC
Listed By:
LARRY BOYLES · License #3279114
(904) 655-7778
Source:
Findingfernandina
Added: Aug 28
Changed: Sep 10
Last Checked: Sep 9 at 8:07PM
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 FORWARD REAL ESTATE INVESTMENT GROUP LLC
Investment Insights
Based on property information with market context.
This mixed-use property includes a 1,360-square-foot main building completed in 1941, configured with three rooms, two bathrooms, a kitchen, and adaptable interior areas. A separate 1,080-square-foot enclosed garage and flex building adds two overhead doors and a framed office. Together, the improvements provide approximately 2,440 square feet of enclosed space.
Located at 1549 Blanding Blvd in Jacksonville, the property has approximately 0.5 acres and frontage along Blanding Boulevard. CRO zoning supports a commercial, residential, and office-oriented property profile. The layout accommodates office, professional, storage, workshop, inventory, and other mixed-use functions within separate structures.
Located at 1549 Blanding Blvd in Jacksonville, the property has approximately 0.5 acres and frontage along Blanding Boulevard. CRO zoning supports a commercial, residential, and office-oriented property profile. The layout accommodates office, professional, storage, workshop, inventory, and other mixed-use functions within separate structures.
Key Highlights
- Approximately 2,440 square feet of total enclosed space
- 1,360‑square‑foot main building with three rooms, two bathrooms, and kitchen
- Separate 1,080‑square‑foot enclosed garage/flex building
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
$19,045
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
5.77%
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%
$380,900
$380.9K
Cap Rate 7%
$272,071
$272.1K
Cap Rate 9%
$211,611
$211.6K
Market Conditions
NOI Build-Up for 1,360 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
$32.6K $24.00/SF
− Vacancy
−$7.2K −$5.33/SF
EGI
$25.4K $18.67/SF
− OpEx
−$6.3K −$4.67/SF
NOI
$19.0K $14.00/SF
Area
ZIP 32210
Vacancy
22.20%
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%
$380,900
Cap Rate 7%
$272,071
Cap Rate 9%
$211,611
Alternative Uses
Best Use
Office B
$272.1K
$238.1K – $317.4K
NOI $19,045 @ 7.0% cap · market cap 5.77%
Second Best
Mixed Use
$222.9K
$195.1K – $260.1K
NOI $15,606 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$372.6K
$326.0K – $434.7K
NOI $26,079 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
Explore this area
Business Placement
Demographics for 32210, FL
66,415
Population
29,198
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
88%
High-School Grad
21.9 sq mi
ZIP Area
3,033
Density / Sq Mi
$58,215
Median Household Income
$36,997
Median Earnings
$1,205
Median Rent
$205,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Jacksonville, FL
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CRO-zoned property combines a professional-use building with enclosed garage and workspace improvements.
Where is this mixed-use property located?
The property is located at 1549 Blanding Blvd Jacksonville, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Approximately 2,440 square feet of total enclosed space; 1,360‑square‑foot main building with three rooms, two bathrooms, and kitchen; Separate 1,080‑square‑foot enclosed garage/flex building
