Medical Office Space for
For Sale
$849,900
Pending
3130 NEW BERLIN Road, Jacksonville, FL 32226
Medical and office professionals can purchase a dedicated space near a major retail anchor.
Property Size3,030 SF
Days on Market87
Property Features for 3130 NEW BERLIN Road
General Information
Standard status
Pending
Size
3,030 SF
Taxes and HOA fees
Annual Taxes
$14,322
Amenities
Accessible Approach with Ramp, Accessible Bedroom
Central Air
Off Street, Parking Lot, Unassigned
Building Details
Year Built
2007
Stories
1
Listing Agency:
COLDWELL BANKER VANGUARD REALTY
(904) 806-1218
Listed By:
HENRY HAMMOND, JR · License #3336763
(904) 806-1218
Source:
Evrealestate
Added: May 16
Changed: Aug 8
Last Checked: Jul 16 at 6:14AM
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 COLDWELL BANKER VANGUARD REALTY
Investment Insights
Based on property information with market context.
This property is a medical office and office space offered for sale at 3130 New Berlin Road in Jacksonville, Florida. The listing provides a total property size of 3,030 square feet and is presented as a single commercial medical/office asset suitable for professional use.
Access is described from I-295 North East Loop, taking Exit 40 and continuing north on Alta Bluff, which becomes Yellow Bluff Road. The directions indicate a right turn at the intersection of Yellow Bluff Road and New Berlin Road, with the property located on the right just past Walgreens.
For tenant-buyer decision-making, this offering aligns with buyers seeking a commercial interior space designed for medical office and office operations. The nearby Walgreens noted in the directions may support day-to-day convenience for patients and clients when planning visits and appointments. The provided details focus on the asset type, size, and point of reference for locating the property from the primary route.
Access is described from I-295 North East Loop, taking Exit 40 and continuing north on Alta Bluff, which becomes Yellow Bluff Road. The directions indicate a right turn at the intersection of Yellow Bluff Road and New Berlin Road, with the property located on the right just past Walgreens.
For tenant-buyer decision-making, this offering aligns with buyers seeking a commercial interior space designed for medical office and office operations. The nearby Walgreens noted in the directions may support day-to-day convenience for patients and clients when planning visits and appointments. The provided details focus on the asset type, size, and point of reference for locating the property from the primary route.
Key Highlights
- Central air conditioning
- Off‑street parking with parking lot and unassigned spaces
- Built in 2007
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
$49,086
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
5.78%
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%
$981,720
$981.7K
Cap Rate 7%
$701,229
$701.2K
Cap Rate 9%
$545,400
$545.4K
Market Conditions
NOI Build-Up for 3,030 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
$90.9K $30.00/SF
− Vacancy
−$9.1K −$3.00/SF
EGI
$81.8K $27.00/SF
− OpEx
−$32.7K −$10.80/SF
NOI
$49.1K $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%
$981,720
Cap Rate 7%
$701,229
Cap Rate 9%
$545,400
Alternative Uses
Best Use
Healthcare Medical
$701.2K
$613.6K – $818.1K
NOI $49,086 @ 7.0% cap · market cap 5.78%
Second Best
Office B
$622.5K
$544.7K – $726.3K
NOI $43,577 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$830.0K
$726.3K – $968.4K
NOI $58,103 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32226, FL
20,306
Population
7,707
Households
2.6
Avg Household Size
39
Median Age
36%
College-Educated
93%
High-School Grad
85.7 sq mi
ZIP Area
237
Density / Sq Mi
$109,375
Median Household Income
$53,400
Median Earnings
$2,062
Median Rent
$340,500
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 - Medical and office professionals can purchase a dedicated space near a major retail anchor.
Where is this medical office space located?
The property is located at 3130 NEW BERLIN Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Central air conditioning; Off‑street parking with parking lot and unassigned spaces; Built in 2007
