Medical Office or Business Office
For Sale
$1,169,000
2804 Saint Johns Bluff Road South Suite 103, Jacksonville, FL 32246
Office suite available for sale, suitable for medical office or business office use.
Property Size5,200 SF
Days on Market97
Property Features for 2804 Saint Johns Bluff Road South Suite 103
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Other - Special Purpose
Building Details
Building Size
5,200 SF
Listing Agency:
Pine Street/RPS
Listed By:
Jack Robison · License #SL3480686
(904) 398-1044
Source:
Commercialcafe
Added: Jun 2
Changed: Sep 4
Last Checked: Sep 5 at 4:33AM
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 Pine Street/RPS
Investment Insights
Based on property information with market context.
This for-sale office suite is offered as a fit for either medical office use or general business office use. The listing is positioned as an office property, with the available space identified as suite 107.
The property is located at 2804 Saint Johns Bluff Road S. in Jacksonville, Florida.
Specific building and suite details such as size, layout, and included improvements are not provided in the available information.
The property is located at 2804 Saint Johns Bluff Road S. in Jacksonville, Florida.
Specific building and suite details such as size, layout, and included improvements are not provided in the available information.
Key Highlights
- Office property for sale priced at $669,000
- Suitable for medical office or business office use
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
$84,240
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
7.21%
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%
$1,684,800
$1.7M
Cap Rate 7%
$1,203,429
$1.2M
Cap Rate 9%
$936,000
$936.0K
Market Conditions
NOI Build-Up for 5,200 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
$156.0K $30.00/SF
− Vacancy
−$15.6K −$3.00/SF
EGI
$140.4K $27.00/SF
− OpEx
−$56.2K −$10.80/SF
NOI
$84.2K $16.20/SF
Area
Jacksonville, FL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
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%
$1,684,800
Cap Rate 7%
$1,203,429
Cap Rate 9%
$936,000
Alternative Uses
Best Use
Healthcare Medical
$1.20M
$1.05M – $1.40M
NOI $84,240 @ 7.0% cap · market cap 7.21%
Second Best
Office B
$1.07M
$934.8K – $1.25M
NOI $74,786 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,715 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32246, FL
58,105
Population
26,083
Households
2.2
Avg Household Size
36
Median Age
39%
College-Educated
93%
High-School Grad
19.1 sq mi
ZIP Area
3,042
Density / Sq Mi
$78,506
Median Household Income
$46,446
Median Earnings
$1,697
Median Rent
$281,800
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?
Medical Office Space - Office suite available for sale, suitable for medical office or business office use.
Where is this medical office space located?
The property is located at 2804 Saint Johns Bluff Road South Suite 103 Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,169,000.
What are key features of this property?
This property features: Office property for sale priced at $669,000; Suitable for medical office or business office use
