Renovated Office
New
For Sale
$399,900
2103 ATLANTIC Blvd, Jacksonville, FL 32207
Four private offices support a flexible professional workspace with a kitchen, laundry area, and bath.
Property Size1,425 SF
Price / SF$280.63
Days on Market4
Property Features for 2103 ATLANTIC Blvd
General Information
Standard status
Active
Size
1,425 SF
Property subtype
Commercial
Zoning
CRO
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,000
Building Details
Building Size
1,425 SF
Year Built
1939
Year Renovated
2020
Units
1
Listed By:
JON SINGLETON
Source:
Elliman
Added: Sep 4
Last Checked: Sep 6 at 1:07PM
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 JON SINGLETON
Investment Insights
Based on property information with market context.
This 1,425 SF office property was renovated in 2020 and includes four private offices alongside additional rooms that can serve as conference, work, or storage areas. The layout also provides a kitchen, laundry area, and bath, giving the building practical support space for business operations. A front entrance and lawn area complete the improvements.
Located at 2103 ATLANTIC Blvd in Jacksonville, the property fronts Atlantic Boulevard and offers access to surrounding neighborhoods and major roadways. The property is zoned CRO, with permitted uses and other site details subject to buyer verification. WalkScore is 81, BikeScore is 72, and TransitScore is 46.
Located at 2103 ATLANTIC Blvd in Jacksonville, the property fronts Atlantic Boulevard and offers access to surrounding neighborhoods and major roadways. The property is zoned CRO, with permitted uses and other site details subject to buyer verification. WalkScore is 81, BikeScore is 72, and TransitScore is 46.
Key Highlights
- 1,425 SF office property at 2103 ATLANTIC Blvd, Jacksonville, FL 32207
- Renovated in 2020
- Four private offices plus additional conference, work, or storage rooms
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
$20,494
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
5.12%
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%
$409,880
$409.9K
Cap Rate 7%
$292,771
$292.8K
Cap Rate 9%
$227,711
$227.7K
Market Conditions
NOI Build-Up for 1,425 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
$34.2K $24.00/SF
− Vacancy
−$6.9K −$4.82/SF
EGI
$27.3K $19.18/SF
− OpEx
−$6.8K −$4.79/SF
NOI
$20.5K $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%
$409,880
Cap Rate 7%
$292,771
Cap Rate 9%
$227,711
Alternative Uses
Best Use
Office B
$292.8K
$256.2K – $341.6K
NOI $20,494 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$390.4K
$341.6K – $455.4K
NOI $27,326 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Explore this area
Business Placement
Demographics for 32207, FL
36,207
Population
18,866
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
11.4 sq mi
ZIP Area
3,176
Density / Sq Mi
$60,875
Median Household Income
$45,478
Median Earnings
$1,139
Median Rent
$254,800
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 building - Four private offices support a flexible professional workspace with a kitchen, laundry area, and bath.
Where is this office building located?
The property is located at 2103 ATLANTIC Blvd Jacksonville, FL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,425 SF office property at 2103 ATLANTIC Blvd, Jacksonville, FL 32207; Renovated in 2020; Four private offices plus additional conference, work, or storage rooms
