Corner Lot Showroom with
For Sale
$411,000
3322 ATLANTIC Boulevard, Jacksonville, FL 32207
Includes a showroom-style main building and separate workshop/storage building on a corner lot with Atlantic Blvd frontage.
Property Size1,921 SF
Days on Market35
Property Features for 3322 ATLANTIC Boulevard
General Information
Standard status
Active
Size
1,921 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$2,479
Building Details
Building Size
1,921 SF
Year Built
1963
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
(904) 955-1722
Listed By:
DUNCAN FOSTER · License #3471495
Source:
Bebetterflorida
Added: Jul 21
Changed: Aug 23
Last Checked: Aug 22 at 7:28AM
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 BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Investment Insights
Based on property information with market context.
This CRO-zoned property features a modest main building well suited for client meetings or a showroom, along with an additional workshop/storage building on site. The total site improvements include 1,017 sq. ft. for the main building and 904 sq. ft. for the workshop/storage component, which can support inventory, document storage, or product creation depending on the business use.
The property sits on a corner lot with road frontage along Atlantic Blvd, a corridor averaging more than 40,000 vehicles per day. It is located close to downtown Jacksonville, in the St. Nicholas area.
BikeScore is 66 (Bikeable), walkScore is 50 (Somewhat Walkable), and transitScore is 34 (Some Transit).
The property sits on a corner lot with road frontage along Atlantic Blvd, a corridor averaging more than 40,000 vehicles per day. It is located close to downtown Jacksonville, in the St. Nicholas area.
BikeScore is 66 (Bikeable), walkScore is 50 (Somewhat Walkable), and transitScore is 34 (Some Transit).
Key Highlights
- CRO‑zoned commercial property on Atlantic Blvd with corner‑lot access and road frontage
- Main building is 1,017 sq. ft., suited for meeting clients or a showroom use
- Separate workshop/storage building on site with 904 sq. ft. for inventory, document storage, or product creation
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
$27,628
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
6.72%
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%
$552,560
$552.6K
Cap Rate 7%
$394,686
$394.7K
Cap Rate 9%
$306,978
$307.0K
Market Conditions
NOI Build-Up for 1,921 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
$46.1K $24.00/SF
− Vacancy
−$9.3K −$4.82/SF
EGI
$36.8K $19.18/SF
− OpEx
−$9.2K −$4.79/SF
NOI
$27.6K $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%
$552,560
Cap Rate 7%
$394,686
Cap Rate 9%
$306,978
Alternative Uses
Best Use
Office B
$394.7K
$345.4K – $460.5K
NOI $27,628 @ 7.0% cap · market cap 6.72%
Second Best
Retail
$310.2K
$271.4K – $361.9K
NOI $21,712 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$526.2K
$460.5K – $614.0K
NOI $36,837 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Showroom - Includes a showroom-style main building and separate workshop/storage building on a corner lot with Atlantic Blvd frontage.
Where is this showroom located?
The property is located at 3322 ATLANTIC Boulevard Jacksonville, FL.
What is the asking price?
The asking price for this property is $411,000.
What are key features of this property?
This property features: CRO‑zoned commercial property on Atlantic Blvd with corner‑lot access and road frontage; Main building is 1,017 sq. ft., suited for meeting clients or a showroom use; Separate workshop/storage building on site with 904 sq. ft. for inventory, document storage, or product creation
