Restaurant Units for
For Sale
$850,000
3546 Saint Johns Bluff Rd South - Units 102 & 103, Jacksonville, FL 32224
Two restaurant units are offered for sale at 3546 Saint Johns Bluff Rd South, Units 102 and 103.
Property Size3,753 SF
Days on Market50
Property Features for 3546 Saint Johns Bluff Rd South - Units 102 & 103
General Information
Standard status
Active
Size
3,753 SF
Class
C
Property subtype
Retail - Restaurant
Building Details
Building Size
3,753 SF
Year Built
2006
Units
25
Listing Agency:
Pine Street/RPS
Listed By:
Stanton Hudmon · License #3159641
(904) 398-1044
Source:
Commercialcafe
Added: Jul 26
Changed: Sep 4
Last Checked: Sep 13 at 4:22AM
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 Pine Street/RPS
Investment Insights
Based on property information with market context.
These for-sale restaurant units are located at 3546 Saint Johns Bluff Rd South, specifically Units 102 and 103. The property is described as being located off Beach Boulevard on St. Johns Bluff Road.
The listing is presented as conventional restaurant space within a commercial real estate setting. For more details on current condition, layout, and tenant or operating configuration of Units 102 and 103, interested parties should review the full offering materials.
The listing is presented as conventional restaurant space within a commercial real estate setting. For more details on current condition, layout, and tenant or operating configuration of Units 102 and 103, interested parties should review the full offering materials.
Key Highlights
- Two restaurant units for sale: Units 102 and 103 at 3546 Saint Johns Bluff Rd South
- Property built in 2006
- Located off Beach Boulevard on St. Johns Bluff Road
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
$55,935
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
6.58%
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%
$1,118,700
$1.1M
Cap Rate 7%
$799,071
$799.1K
Cap Rate 9%
$621,500
$621.5K
Market Conditions
NOI Build-Up for 3,753 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
$81.1K $21.60/SF
− Vacancy
−$6.5K −$1.73/SF
EGI
$74.6K $19.87/SF
− OpEx
−$18.6K −$4.97/SF
NOI
$55.9K $14.90/SF
Area
Jacksonville, FL
Vacancy
8.00%
Lease Rate
$21.60 /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%
$1,118,700
Cap Rate 7%
$799,071
Cap Rate 9%
$621,500
Alternative Uses
Best Use
Specialty Retail
$799.1K
$699.2K – $932.3K
NOI $55,935 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$899.6K – $1.20M
NOI $71,968 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,117
Businesses Nearby
183k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 30%
Groceries 16%
Apparel 7%
McDonald's
Dining
34,020 visits/mo
0.1 miles
Winn-Dixie
Groceries
29,862 visits/mo
0.1 miles
Dollar Tree
Shops & Services
17,311 visits/mo
0.4 miles
Taco Bell
Dining
14,729 visits/mo
0.1 miles
Goodwill
Apparel
12,681 visits/mo
0.3 miles
Demographics for 32224, FL
42,395
Population
17,221
Households
2.5
Avg Household Size
36
Median Age
54%
College-Educated
97%
High-School Grad
20.9 sq mi
ZIP Area
2,028
Density / Sq Mi
$80,774
Median Household Income
$48,043
Median Earnings
$1,690
Median Rent
$425,500
Median Home Value
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
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Similar Off Market Nearby
- Hot Pot & BBQ Jax — 11380 Beach Blvd Ste #12, Jacksonville, FL 32246
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two restaurant units are offered for sale at 3546 Saint Johns Bluff Rd South, Units 102 and 103.
Where is this conventional restaurant located?
The property is located at 3546 Saint Johns Bluff Rd South - Units 102 & 103 Jacksonville, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two restaurant units for sale: Units 102 and 103 at 3546 Saint Johns Bluff Rd South; Property built in 2006; Located off Beach Boulevard on St. Johns Bluff Road
