Retail-Flex
For Sale
Contact for pricing
3506 University Blvd S, Jacksonville, FL 32216
Retail-flex building offered for sale with 22,208 square feet of total space.
Property Size22,208 SF
Price / SF$134.64
Days on Market173
Property Features for 3506 University Blvd S
General Information
Standard status
Active
Size
22,208 SF
Class
B
Total Parking Spaces
12
Property subtype
Retail, Office, Industrial
Zoning
PUD
Lease Type
NNN
Building Details
Year Built
1983
Listing Agency:
Three Lions Real Estate Group
Listed By:
Luke Feldman · License #FL 3368872
(215) 534-8245
Source:
Crexi
Added: May 1
Changed: Oct 3
Last Checked: Oct 19 at 7:27AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$250,999
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,019,980
$5.0M
Cap Rate 7%
$3,585,700
$3.6M
Cap Rate 9%
$2,788,878
$2.8M
Market Conditions
NOI Build-Up for 22,208 SF
Gross rent
$399.7K $18.00/SF
− Vacancy
−$41.2K −$1.85/SF
EGI
$358.6K $16.15/SF
− OpEx
−$107.6K −$4.84/SF
NOI
$251.0K $11.30/SF
Area
Jacksonville, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,019,980
Cap Rate 7%
$3,585,700
Cap Rate 9%
$2,788,878
Alternative Uses
Best Use
Retail
$3.59M
$3.14M – $4.18M
NOI $250,999 @ 7.0% cap · market cap 8.39%
Second Best
Flex RnD
$3.45M
$3.02M – $4.03M
NOI $241,645 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$6.08M
$5.32M – $7.10M
NOI $425,861 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,735
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32216, FL
42,847
Population
19,796
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
12.7 sq mi
ZIP Area
3,374
Density / Sq Mi
$63,253
Median Household Income
$44,078
Median Earnings
$1,311
Median Rent
$244,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Jacksonville, FL
Similar Off Market Nearby
- Up Catering — 5800 Beach Blvd UNIT 104, Jacksonville, FL 32207
Frequently Asked Questions
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 $2,990,000.
What are key features of this property?
This property features: Retail‑flex building built in 1983; 22,208 sq ft total space
