Freestanding Convenience
New
For Sale
$525,000
1630 UNIVERSITY Boulevard S, Jacksonville, FL 32216
Operating liquor store with drive-through access and updated building systems.
Property Size1,836 SF
Lot Size0.17 Acres
Price / SF$285.95
Days on Market7
Property Features for 1630 UNIVERSITY Boulevard S
General Information
Standard status
Active
Size
1,836 SF
Lot size
0.17 Acres
Property subtype
Retail
Financials
Asking Price
$1,275,000
Business Included
Yes
Site & Location
Drive-Thru
Yes
Road Access
Yes
Additional Details
Liquor License
Yes
Building Details
Building Size
1,836 SF
Year Built
1967
Buildings
1
Construction
concrete block and face brick
Tenancy
Single
Listing Agency:
EAGLES WORLD REALTY, INC
Listed By:
MILIA S KAHAYAN
(904) 814-5939
Source:
Houseandhavenrealty
Added: Sep 21
Changed: Sep 25
Last Checked: Sep 26 at 11:26AM
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 EAGLES WORLD REALTY, INC
Investment Insights
Based on property information with market context.
This freestanding commercial building combines concrete block and face-brick construction with 1,836 square feet of space on approximately 0.165 acres. The property currently operates as a liquor store and includes drive-through access. Recent capital improvements include a metal roof, HVAC system, updated bathroom, and foam-insulated ceiling.
Located at 1630 University Blvd S in Jacksonville, the property sits along the University Boulevard corridor. The offering includes the operating business, Duval County 3PS liquor license, furniture, fixtures, and equipment, with inventory handled separately. The building was constructed in 1967.
Located at 1630 University Blvd S in Jacksonville, the property sits along the University Boulevard corridor. The offering includes the operating business, Duval County 3PS liquor license, furniture, fixtures, and equipment, with inventory handled separately. The building was constructed in 1967.
Key Highlights
- 1,836‑square‑foot freestanding commercial building
- Approximately 0.165 acres along University Boulevard
- Operating liquor store with drive‑through access
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
$27,364
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
5.21%
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%
$547,280
$547.3K
Cap Rate 7%
$390,914
$390.9K
Cap Rate 9%
$304,044
$304.0K
Market Conditions
NOI Build-Up for 1,836 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
$39.7K $21.60/SF
− Vacancy
−$3.2K −$1.73/SF
EGI
$36.5K $19.87/SF
− OpEx
−$9.1K −$4.97/SF
NOI
$27.4K $14.90/SF
Area
Jacksonville, FL
Vacancy
8.00%
Lease Rate
$21.60 /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%
$547,280
Cap Rate 7%
$390,914
Cap Rate 9%
$304,044
Alternative Uses
Best Use
Specialty Retail
$390.9K
$342.1K – $456.1K
NOI $27,364 @ 7.0% cap · market cap 5.21%
Second Best
Retail
$296.4K
$259.4K – $345.9K
NOI $20,751 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$503.0K
$440.1K – $586.8K
NOI $35,207 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
761
Businesses Nearby
83k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Groceries 29%
Home Improvements & Furnishings 8%
Dining 7%
Wawa
Shops & Services
26,697 visits/mo
0.2 miles
Winn-Dixie
Groceries
24,118 visits/mo
0.5 miles
Speedway
Shops & Services
6,464 visits/mo
0.4 miles
Turner Ace Hardware
Home Improvements & Furnishings
6,316 visits/mo
0.3 miles
Dollar General
Shops & Services
6,103 visits/mo
0.4 miles
Demographics for 32216, FL
42,847
Population
19,796
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
12.7 sq mi
ZIP Area
3,374
Density / Sq Mi
$63,253
Median Household Income
$44,078
Median Earnings
$1,311
Median Rent
$244,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Jacksonville, FL
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Operating liquor store with drive-through access and updated building systems.
Where is this grocery and convenience store located?
The property is located at 1630 UNIVERSITY Boulevard S Jacksonville, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,836‑square‑foot freestanding commercial building; Approximately 0.165 acres along University Boulevard; Operating liquor store with drive‑through access
