Office Unit with
For Sale
$386,000
3322 ATLANTIC Boulevard, Jacksonville, FL 32207
Commercial Sale, Jacksonville, FL
Property Size1,921 SF
Lot Size0.14 Acres
Price / SF$200.94
Days on Market55
Property Features for 3322 ATLANTIC Boulevard
General Information
Property type
Residential
Property subtype
Office
Zoning description
Commercial/Residential/Office
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Off Street
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot
Directions
Heading North on I-95, exit right onto Atlantic Blvd heading East. Stay left onto Atlantic Blvd at the Atlantic/Beach split. Property is on the right on the corner of Camden Ave and Atlantic Blvd.
Subdivision
021-St Nicholas Area
Standard status
Active
APN
1459100000
Size
1,921 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2480
Utilities
Cooling system
Ceiling Fan(s), Electric, Central Air
Building Details
Year built
1963
Floors in Building
1
Number of units
2
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
(904) 739-0717
Listed By:
DUNCAN FOSTER · License #3471495
(904) 955-1722
Added: Jul 21
Changed: Sep 12
Last Checked: Sep 13 at 7:06PM
MLS# 2156362
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office property combines a 1,017-square-foot main building with a separate 904-square-foot workshop and storage structure, creating 1,921 square feet of improvements. The primary building can support client meetings or showroom functions, while the secondary space provides room for inventory, documents, or product-related work. The property was built in 1963 and includes two bathrooms, electric and central air conditioning, ceiling fans, off-street parking, and an accessible approach with a ramp.
Positioned on a corner lot along Atlantic Boulevard, the site records more than 40,000 vehicles per day on average. The property is in the St. Nicholas area and is located close to downtown Jacksonville. CRO zoning applies to the site.
Positioned on a corner lot along Atlantic Boulevard, the site records more than 40,000 vehicles per day on average. The property is in the St. Nicholas area and is located close to downtown Jacksonville. CRO zoning applies to the site.
Key Highlights
- 1,921 square feet of total improvements
- 1,017‑square‑foot main building plus a 904‑square‑foot workshop/storage building
- Corner‑lot position with road frontage on Atlantic Boulevard
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
7.16%
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 7.16%
Second Best
Retail
$310.2K
$271.4K – $361.9K
NOI $21,712 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$526.2K
$460.5K – $614.0K
NOI $36,837 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
40,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
693
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 units - CRO-zoned corner property with Atlantic Boulevard exposure and a separate workshop/storage building.
Where is this office units located?
The property is located at 3322 ATLANTIC Boulevard Jacksonville, FL.
What is the asking price?
The asking price for this property is $386,000.
What are key features of this property?
This property features: 1,921 square feet of total improvements; 1,017‑square‑foot main building plus a 904‑square‑foot workshop/storage building; Corner‑lot position with road frontage on Atlantic Boulevard
