Freestanding Office
For Sale
Contact for pricing
1807 Rogero Road, Jacksonville, FL 32211
CO-zoned office property with existing tenants, a small vacant portion, and seller-occupied space available for leaseback.
Property Size2,684 SF
Price / SF$199.33
Days on Market131
Property Features for 1807 Rogero Road
General Information
Standard status
Active
Size
2,684 SF
Total Parking Spaces
14
Property subtype
Retail, Office
Zoning
CO
Occupancy
92%
Investment Type
Stabilized
Net Operating Income
$46,000
Additional Details
Cap Rate
8.54%
Building Details
Stories
1
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
Cantrell & Morgan
(904) 208-1168
Listed By:
Kayla Deguzman · License #FL
Source:
Crexi
Added: Apr 23
Changed: Aug 29
Last Checked: Aug 29 at 3:13PM
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 Cantrell & Morgan
Investment Insights
Based on property information with market context.
This freestanding office building contains 2,684 square feet and is zoned CO. The property includes space occupied by two tenants, a separately identified vacant portion, and a suite used by the seller.
Located at 1807 Rogero Road in Jacksonville’s Arlington area, the current occupancy profile includes 40% leased space, 8% vacancy, and 52% occupied by the seller. The seller offers flexibility following a purchase: the occupied suite may remain under a 6–18 month leaseback, or the seller may vacate within 30 days after closing.
Located at 1807 Rogero Road in Jacksonville’s Arlington area, the current occupancy profile includes 40% leased space, 8% vacancy, and 52% occupied by the seller. The seller offers flexibility following a purchase: the occupied suite may remain under a 6–18 month leaseback, or the seller may vacate within 30 days after closing.
Key Highlights
- 2,684‑square‑foot freestanding office building
- CO zoning
- 40% leased to two tenants
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
$38,601
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
7.22%
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%
$772,020
$772.0K
Cap Rate 7%
$551,443
$551.4K
Cap Rate 9%
$428,900
$428.9K
Market Conditions
NOI Build-Up for 2,684 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
$64.4K $24.00/SF
− Vacancy
−$12.9K −$4.82/SF
EGI
$51.5K $19.18/SF
− OpEx
−$12.9K −$4.79/SF
NOI
$38.6K $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%
$772,020
Cap Rate 7%
$551,443
Cap Rate 9%
$428,900
Alternative Uses
Best Use
Office B
$551.4K
$482.5K – $643.4K
NOI $38,601 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$735.3K
$643.4K – $857.8K
NOI $51,468 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Explore this area
Business Placement
Demographics for 32211, FL
34,168
Population
15,250
Households
2.2
Avg Household Size
36
Median Age
20%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
4,167
Density / Sq Mi
$55,208
Median Household Income
$33,993
Median Earnings
$1,104
Median Rent
$208,900
Median Home Value
Market
Vacancy Rate% for Office in Jacksonville, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - CO-zoned office property with existing tenants, a small vacant portion, and seller-occupied space available for leaseback.
Where is this office building located?
The property is located at 1807 Rogero Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 2,684‑square‑foot freestanding office building; CO zoning; 40% leased to two tenants
