High-Visibility Flex Commercial
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4004 ATLANTIC BLVD, Jacksonville, FL 32207
Two-building commercial property with parking and CCG-1 zoning for retail, office, medical, or service uses.
Property Size7,100 SF
Lot Size1.74 Acres
Price / SF$280.28
Days on Market138
Property Features for 4004 ATLANTIC BLVD
General Information
Standard status
Active
Size
7,100 SF
Total Parking Spaces
32
Lot size
1.74 Acres
Property subtype
Business
Zoning
CCG-1
Site & Location
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$15,044
Building Details
Building Size
7,100 SF
Year Built
1916
Listing Agency:
COLDWELL BANKER VANGUARD REALT
(904) 591-3638
Listed By:
Stacey Burkins
Source:
Thefullerproperties
Added: Apr 16
Changed: Aug 24
Last Checked: Aug 30 at 11:15PM
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 COLDWELL BANKER VANGUARD REALT
Investment Insights
Based on property information with market context.
This 1.74-acre commercial site offers two existing buildings totaling approximately 7,100 square feet. The main building is approximately 4,130 square feet and includes a fully finished basement. A secondary structure of approximately 2,970 square feet can support storage needs or be adapted for other commercial uses. The lot is described as high and dry, level, and well-drained, with sidewalks, curbs, and gutters. On-site improvements include 32 parking spaces, including 2 accessible spaces.
The property features 282 feet of frontage on Atlantic Blvd in the St. Nicholas/Southside corridor. It is positioned among established neighborhoods, medical offices, churches, and active redevelopment. Utility availability includes city water and septic in place, with sewer availability indicated.
Zoned CCG-1, the site supports a broad range of commercial activity, including retail, office, medical, restaurant, and auto services, among other uses permitted under the zoning. With two separate structures and substantial parking, the property may fit operators seeking flexibility for a storefront or professional use alongside storage or conversion options within the same parcel.
The property features 282 feet of frontage on Atlantic Blvd in the St. Nicholas/Southside corridor. It is positioned among established neighborhoods, medical offices, churches, and active redevelopment. Utility availability includes city water and septic in place, with sewer availability indicated.
Zoned CCG-1, the site supports a broad range of commercial activity, including retail, office, medical, restaurant, and auto services, among other uses permitted under the zoning. With two separate structures and substantial parking, the property may fit operators seeking flexibility for a storefront or professional use alongside storage or conversion options within the same parcel.
Key Highlights
- 1.74‑acre commercial site on Atlantic Blvd with 282 ft of frontage in the St. Nicholas/Southside corridor
- Two existing buildings totaling approx. 7,100 SF: 4,130 SF main building plus a 2,970 SF secondary structure
- CCG‑1 zoning allows retail, office, medical, restaurant, auto services and more
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
$102,112
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
5.13%
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%
$2,042,240
$2.0M
Cap Rate 7%
$1,458,743
$1.5M
Cap Rate 9%
$1,134,578
$1.1M
Market Conditions
NOI Build-Up for 7,100 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
$170.4K $24.00/SF
− Vacancy
−$34.3K −$4.82/SF
EGI
$136.1K $19.18/SF
− OpEx
−$34.0K −$4.79/SF
NOI
$102.1K $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%
$2,042,240
Cap Rate 7%
$1,458,743
Cap Rate 9%
$1,134,578
Alternative Uses
Best Use
Office B
$1.46M
$1.28M – $1.70M
NOI $102,112 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $136,150 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
864
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
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 - Two-building commercial property with parking and CCG-1 zoning for retail, office, medical, or service uses.
Where is this office building located?
The property is located at 4004 ATLANTIC BLVD Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 1.74‑acre commercial site on Atlantic Blvd with 282 ft of frontage in the St. Nicholas/Southside corridor; Two existing buildings totaling approx. 7,100 SF: 4,130 SF main building plus a 2,970 SF secondary structure; CCG‑1 zoning allows retail, office, medical, restaurant, auto services and more
