Office Building with On-Site
For Sale
$645,000
3811 BLANDING Boulevard, Jacksonville, FL 32210
Three suites combine occupied office area with vacant space for an owner-user or incoming tenant.
Property Size3,620 SF
Price / SF$178.18
Days on Market15
Property Features for 3811 BLANDING Boulevard
General Information
Standard status
Active
Size
3,620 SF
Total Parking Spaces
15
Property subtype
Office
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Office Units
3
Taxes and HOA fees
Annual Taxes
$7,492
Amenities
Ample Storage
Building Details
Building Size
3,620 SF
Year Built
1989
Owner Occupied
No
Listing Agency:
KAHLE COMMERCIAL GROUP, INC
Listed By:
CYNTHIA MCLAIN
Source:
Houseandhavenrealty
Added: Aug 17
Changed: Aug 24
Last Checked: Aug 30 at 10:59PM
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 KAHLE COMMERCIAL GROUP, INC
Investment Insights
Based on property information with market context.
This 3,620-square-foot professional office building includes three suites with a mix of occupancy and availability. Suite 3 is occupied by a tenant and contains 750 square feet, while Suites 1 and 2 provide 2,870 square feet of vacant office space for an owner-user or new tenant. Interior storage supports day-to-day office operations, and the property includes 12–15 parking spaces.
The building fronts Blanding Blvd near Cedar River in Jacksonville. Capital improvements include a new roof completed in 2024, new HVAC installed in 2025, and fresh exterior paint. The property was built in 1989 and offers office space with both existing tenancy and available suites.
The building fronts Blanding Blvd near Cedar River in Jacksonville. Capital improvements include a new roof completed in 2024, new HVAC installed in 2025, and fresh exterior paint. The property was built in 1989 and offers office space with both existing tenancy and available suites.
Key Highlights
- 3,620 SF professional office building with three suites
- Suite 3 is tenant‑occupied and contains 750 SF
- Suites 1 and 2 offer 2,870 SF of vacant office space
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
$50,694
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
7.86%
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%
$1,013,880
$1.0M
Cap Rate 7%
$724,200
$724.2K
Cap Rate 9%
$563,267
$563.3K
Market Conditions
NOI Build-Up for 3,620 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
$86.9K $24.00/SF
− Vacancy
−$19.3K −$5.33/SF
EGI
$67.6K $18.67/SF
− OpEx
−$16.9K −$4.67/SF
NOI
$50.7K $14.00/SF
Area
ZIP 32210
Vacancy
22.20%
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%
$1,013,880
Cap Rate 7%
$724,200
Cap Rate 9%
$563,267
Alternative Uses
Best Use
Office B
$724.2K
$633.7K – $844.9K
NOI $50,694 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$991.7K
$867.7K – $1.16M
NOI $69,417 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Explore this area
Business Placement
Demographics for 32210, FL
66,415
Population
29,198
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
88%
High-School Grad
21.9 sq mi
ZIP Area
3,033
Density / Sq Mi
$58,215
Median Household Income
$36,997
Median Earnings
$1,205
Median Rent
$205,300
Median Home Value
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 building - Three suites combine occupied office area with vacant space for an owner-user or incoming tenant.
Where is this office building located?
The property is located at 3811 BLANDING Boulevard Jacksonville, FL.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 3,620 SF professional office building with three suites; Suite 3 is tenant‑occupied and contains 750 SF; Suites 1 and 2 offer 2,870 SF of vacant office space
