Partially Occupied Office
For Sale
Contact for pricing
410 JACKSONVILLE DR, Jacksonville Beach, FL 32250
Commercial office property with available space for an owner-occupier.
Property Size7,984 SF
Price / SF$338.18
Days on Market62
Property Features for 410 JACKSONVILLE DR
General Information
Standard status
Active
Size
7,984 SF
Class
B
Total Parking Spaces
25
Property subtype
Office
Zoning
JPUD
Occupancy
43%
Lease Type
NN
Building Details
Year Built
1992
Year Renovated
2015
Buildings
1
Stories
2
Units
3
Tenancy
Multi
Listing Agency:
Keller Williams Realty Atlantic Partners Southside
Listed By:
Brien Davis · License #FL SL3493322
(703) 906-8620
Source:
Crexi
Added: Jul 29
Changed: Sep 10
Last Checked: Sep 26 at 4:15AM
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 Keller Williams Realty Atlantic Partners Southside
Investment Insights
Based on property information with market context.
This commercial office building at 410 Jacksonville Drive in Jacksonville Beach, Florida, was constructed in 1992 and is partially occupied. Approximately 3,750 square feet is available for an owner-occupier, providing a dedicated opportunity to use space within an existing office property. The asset carries JPUD zoning and is positioned in a commercial setting within Jacksonville Beach. The property is offered for sale, with additional documents subject to a signed NDA from brokers and buyers.
Key Highlights
- Approximately 3,750 sq ft available for an owner‑occupier
- Partially occupied commercial office building
- JPUD zoning
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
$111,808
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
4.14%
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%
$2,236,160
$2.2M
Cap Rate 7%
$1,597,257
$1.6M
Cap Rate 9%
$1,242,311
$1.2M
Market Conditions
NOI Build-Up for 7,984 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
$191.6K $24.00/SF
− Vacancy
−$42.5K −$5.33/SF
EGI
$149.1K $18.67/SF
− OpEx
−$37.3K −$4.67/SF
NOI
$111.8K $14.00/SF
Area
Duval County, FL
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%
$2,236,160
Cap Rate 7%
$1,597,257
Cap Rate 9%
$1,242,311
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.86M
NOI $111,808 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $149,077 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,104
Businesses Nearby
Explore this area
Business Placement
Demographics for 32250, FL
30,080
Population
14,935
Households
2
Avg Household Size
43
Median Age
53%
College-Educated
95%
High-School Grad
9.0 sq mi
ZIP Area
3,342
Density / Sq Mi
$111,553
Median Household Income
$55,396
Median Earnings
$1,805
Median Rent
$526,000
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 Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Commercial office property with available space for an owner-occupier.
Where is this office building located?
The property is located at 410 JACKSONVILLE DR Jacksonville Beach, FL.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Approximately 3,750 sq ft available for an owner‑occupier; Partially occupied commercial office building; JPUD zoning
