Medical Office
For Sale
$1,295,000
4124 University Blvd S, Jacksonville, FL 32216
Medical office building available for sale at 4124 University Blvd S in Jacksonville, Florida.
Property Size2,904 SF
Days on Market120
Property Features for 4124 University Blvd S
General Information
Standard status
Active
Size
2,904 SF
Class
B
Property subtype
Office
Building Details
Building Size
2,904 SF
Year Built
1955
Listing Agency:
Prime Realty
Listed By:
Tyler Saldutti
(904) 373-0578
Source:
Primerealtyinc
Added: Jun 25
Changed: Oct 21
Last Checked: Oct 20 at 7:11PM
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 Prime Realty
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Investment Insights
Based on property information with market context.
This offering is a medical office building available for sale. The property is listed as medical office and office space within the broader commercial real estate category.
The address for this building is 4124 University Blvd S in Jacksonville, Florida 32216.
Further details on the building’s interior layout, size, condition, or specific improvements were not provided.
The address for this building is 4124 University Blvd S in Jacksonville, Florida 32216.
Further details on the building’s interior layout, size, condition, or specific improvements were not provided.
Key Highlights
- Medical office building for sale at 4124 University Blvd S in Jacksonville, FL
- Built in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,045
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$940,900
$940.9K
Cap Rate 7%
$672,071
$672.1K
Cap Rate 9%
$522,722
$522.7K
Market Conditions
NOI Build-Up for 2,904 SF
Gross rent
$87.1K $30.00/SF
− Vacancy
−$8.7K −$3.00/SF
EGI
$78.4K $27.00/SF
− OpEx
−$31.4K −$10.80/SF
NOI
$47.0K $16.20/SF
Area
Jacksonville, FL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$940,900
Cap Rate 7%
$672,071
Cap Rate 9%
$522,722
Alternative Uses
Best Use
Healthcare Medical
$672.1K
$588.1K – $784.1K
NOI $47,045 @ 7.0% cap · market cap 3.63%
Second Best
Office B
$596.6K
$522.1K – $696.1K
NOI $41,765 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$795.5K
$696.1K – $928.1K
NOI $55,687 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,359
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32216, FL
42,847
Population
19,796
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
12.7 sq mi
ZIP Area
3,374
Density / Sq Mi
$63,253
Median Household Income
$44,078
Median Earnings
$1,311
Median Rent
$244,800
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 Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building available for sale at 4124 University Blvd S in Jacksonville, Florida.
Where is this medical office space located?
The property is located at 4124 University Blvd S Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Medical office building for sale at 4124 University Blvd S in Jacksonville, FL; Built in 1955
