Mixed-Use Office/Retail
For Sale
$179,900
3754 Saint Augustine Rd, Jacksonville, FL 32207
Move-in-ready office/retail space with concrete block construction, 2022 roof, newer septic, and gated driveway parking.
Property Size720 SF
Price / SF$249.86
Days on Market89
Property Features for 3754 Saint Augustine Rd
General Information
Standard status
Active
Size
720 SF
Zoning
CCG-1
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$1,342
Amenities
crown molding
floating shelves
woodlike flooring
tile
bathroom
kitchenette
gated driveway
Building Details
Year Renovated
2022
Construction
concrete block
Listing Agency:
CHAD AND SANDY REAL ESTATE GROUP
Listed By:
CHAD NEUMANN · License #3183802
(904) 720-8411
Source:
Exprealty
Added: Jun 25
Changed: Sep 4
Last Checked: Sep 20 at 1:03PM
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 CHAD AND SANDY REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This move-in-ready mixed-use office/retail space features solid concrete block construction with a 2022 roof, 2022 flooring, and a newer septic system. The interior includes crown molding, floating shelves, woodlike flooring and durable tile, along with a bathroom, a kitchenette, and plenty of workspace suitable for a single business owner.
The property offers a gated driveway with parking and is described as an updated, fenced commercial listing. It is zoned CCG-1, and is located just 5 minutes south of historic San Marco and nearby downtown Jacksonville, with access supported by major roadways for commuting. The remarks also note no HOA or CDD.
For business use, the space is positioned for an office-oriented setup within the office/retail configuration, with the existing amenities supporting day-to-day operations from the property.
The property offers a gated driveway with parking and is described as an updated, fenced commercial listing. It is zoned CCG-1, and is located just 5 minutes south of historic San Marco and nearby downtown Jacksonville, with access supported by major roadways for commuting. The remarks also note no HOA or CDD.
For business use, the space is positioned for an office-oriented setup within the office/retail configuration, with the existing amenities supporting day-to-day operations from the property.
Key Highlights
- Move‑in‑ready office/retail space with concrete block construction and centrally located CCG‑1 zoning
- Updates include a 2022 roof and 2022 flooring
- Newer septic system
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
$10,355
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
5.76%
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%
$207,100
$207.1K
Cap Rate 7%
$147,929
$147.9K
Cap Rate 9%
$115,056
$115.1K
Market Conditions
NOI Build-Up for 720 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
$17.3K $24.00/SF
− Vacancy
−$3.5K −$4.82/SF
EGI
$13.8K $19.18/SF
− OpEx
−$3.5K −$4.79/SF
NOI
$10.4K $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%
$207,100
Cap Rate 7%
$147,929
Cap Rate 9%
$115,056
Alternative Uses
Best Use
Office B
$147.9K
$129.4K – $172.6K
NOI $10,355 @ 7.0% cap · market cap 5.76%
Second Best
Mixed Use
$135.8K
$118.8K – $158.4K
NOI $9,504 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$197.2K
$172.6K – $230.1K
NOI $13,807 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
707
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
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Market
Vacancy Rate% for Office in Jacksonville, FL
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Move-in-ready office/retail space with concrete block construction, 2022 roof, newer septic, and gated driveway parking.
Where is this mixed-use property located?
The property is located at 3754 Saint Augustine Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Move‑in‑ready office/retail space with concrete block construction and centrally located CCG‑1 zoning; Updates include a 2022 roof and 2022 flooring; Newer septic system
