Multi-tenant Retail
1906 Parental Home Rd Jacksonville, FL 32216
For Sale
Contact for pricing
Fully operational multi-tenant retail property built in 1958 at 1906 Parental Home Rd in Jacksonville’s Southside area.
Property Size7,656 SF
Price / SF$156.74
Days on Market9
Property Features for 1906 Parental Home Rd
General Information
Standard status
Active
Size
7,656 SF
Property subtype
Retail
Building Details
Year Built
1958
Listing Agency:
Watson Commercial Realty Inc
(904) 316-7433
Listed By:
Paul J. Reed, P.A. · License #FL 3332794
Source:
Crexi
Added: Jul 22
Changed: Jul 29
Last Checked: Jul 29 at 6:20PM
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 Watson Commercial Realty Inc
Investment Insights
Based on property information with market context.
This fully operational multi-tenant retail property provides a retail space configuration designed for multiple tenants. The property totals 7,656 SF and was built in 1958.
Located at 1906 Parental Home Rd in Jacksonville, Florida 32216, the building is positioned along the Southside corridor.
For retail users evaluating a multi-tenant environment, the key considerations include the existing tenant-ready nature of the property and the building’s established size and vintage.
Located at 1906 Parental Home Rd in Jacksonville, Florida 32216, the building is positioned along the Southside corridor.
For retail users evaluating a multi-tenant environment, the key considerations include the existing tenant-ready nature of the property and the building’s established size and vintage.
Key Highlights
- 7,656 SF multi‑tenant retail space
- Fully operational multi‑tenant configuration
- Built in 1958
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $137.8k | $18.00 |
| − Vacancy | −$14.2k | −$1.85 |
| EGI | $123.6k | $16.15 |
| − OpEx | −$37.1k | −$4.84 |
| NOI | $86.5k | $11.30 |
7,656 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.24M
$1.08M – $1.44M
NOI $86,530 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $146,811 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Fully operational multi-tenant retail property built in 1958 at 1906 Parental Home Rd in Jacksonville’s Southside area.
Where is this retail space located?
The property is located at 1906 Parental Home Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 7,656 SF multi‑tenant retail space; Fully operational multi‑tenant configuration; Built in 1958
