Retail-Flex
3506 University Blvd S Jacksonville, FL 32216
3506 University Blvd S, Jacksonville, FL, 32216
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For Sale
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Retail-flex building offered for sale with 22,208 square feet of total space.
Property Size22,208 SF
Price / SF$157.60
Days on Market82
Property Features for 3506 University Blvd S
General Information
- Standard status
- Active
- Size
- 22,208 SF
- Property subtype
- Retail, Office, Industrial
Building Details
- Year Built
- 1983
Listing Agency
Three Lions Real Estate Group
(215) 534-8245
Listed by
Luke Feldman · License #FL 3368872
Source
Crexi
Added: May 1 Updated: Jul 20 at 4:35 pm Checked: Jul 20 at 4:35 pm
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 Three Lions Real Estate Group
Investment Insights
Based on property information with market context.
This retail-flex building is offered for sale with a total size of 22,208 square feet. The property is marketed for retail use and also fits a flex configuration, supporting a range of commercial tenant requirements.
The address is 3506 University Blvd S., Jacksonville, FL 32216.
Prospective tenants and buyers should review the space directly to confirm layout and specific suitability for their intended operations.
The address is 3506 University Blvd S., Jacksonville, FL 32216.
Prospective tenants and buyers should review the space directly to confirm layout and specific suitability for their intended operations.
Key Highlights
- Retail‑flex building built in 1983
- 22,208 sq ft total space
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $399.7k | $18.00 |
| − Vacancy | −$41.2k | −$1.85 |
| EGI | $358.6k | $16.15 |
| − OpEx | −$107.6k | −$4.84 |
| NOI | $251.0k | $11.30 |
22,208 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.59M
$3.14M – $4.18M
NOI $250,999 @ 7.0% cap · market cap 7.17%
Second Best
Flex RnD
$3.45M
$3.02M – $4.03M
NOI $241,645 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$6.08M
$5.32M – $7.10M
NOI $425,861 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Up Catering — 5800 Beach Blvd UNIT 104, Jacksonville, FL 32207
FAQs
What type of property is this?
Flex space - Retail-flex building offered for sale with 22,208 square feet of total space.
Where is this flex space located?
The property is located at 3506 University Blvd S Jacksonville, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Retail‑flex building built in 1983; 22,208 sq ft total space
