4131 University Boulevard S 5 # 5, Jacksonville, FL 32216

Building Details

Year Built 1974 More

Tenancy Multi More

Listing Agency: NEXTHOME ENDLESS SUMMER Show Phone

Listed By: ANDREW BELL · License FL #3618738 Show Phone

Source: Omalleyrealestate

Added: Nov 6 Changed: Nov 8 Last Checked: Nov 10 at 8:33AM

Report an Issue

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 NEXTHOME ENDLESS SUMMER

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1,840-square-foot retail unit is located in a multi-tenant commercial complex in Jacksonville. The building dates to 1974, and on-site parking is available. The space is offered for sale; its address is 4131 University Boulevard S, Suite 5.

University Boulevard S provides access to Beach Boulevard (US-90) and I-95. The property is positioned along this corridor among neighboring businesses and residential communities.

Key Highlights

• 1,840‑square‑foot retail unit
• Located in a multi‑tenant commercial complex
• On‑site parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,796

Cap Rate

5.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$415,920 $415.9K

Cap Rate 7%

$297,086 $297.1K

Cap Rate 9%

$231,067 $231.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,840 SF

Gross rent

$33.1K $18.00/SF

− Vacancy

−$3.4K −$1.85/SF

EGI

$29.7K $16.15/SF

− OpEx

−$8.9K −$4.84/SF

NOI

$20.8K $11.30/SF

Area

Jacksonville, FL

Vacancy

10.30%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$415,920

Cap Rate 7%

$297,086

Cap Rate 9%

$231,067

Alternative Uses

Best Use

Retail

$297.1K

$260.0K – $346.6K (±1% cap)

NOI $20,796 @ 7.0% cap · market cap 5.79%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$504.1K

$441.1K – $588.1K (±1% cap)

NOI $35,284 @ 7.0% cap · market cap 9.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Gym & Fitness Center Cafe & Coffee Shop Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

522

Businesses Nearby

58k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 45% Shops & Services 44% Apparel 5% Dining 4%

Rowe's IGA Supermarket Groceries

24,406 visits/mo 0.5 miles

Dollar Tree Shops & Services

12,404 visits/mo 0.4 miles

Family Dollar Shops & Services

6,610 visits/mo 0.4 miles

Advance Auto Parts Shops & Services

3,163 visits/mo 0.5 miles

Take 5 Oil Change Shops & Services

2,838 visits/mo 0.5 miles

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

Market

Average Price Trend$/SF for Retail space in Jacksonville, FL

$236 Jul

$263 Aug

$177 Sep

$172 Oct

Properties on Market for Retail space in Jacksonville

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Jacksonville, FL

6.3% 2019

7.5% 2020

5.6% 2021

5.5% 2022

5.8% 2023

5.8% 2024

6.6% 2025

Similar For Sale Nearby

See more

Multi-Tenant Office Unit

4131 University Boulevard South, Jacksonville, FL 32216

$379,000

1,840 SF

View details

Storefront with On-Site Parking

5940 MERRILL Road, Jacksonville, FL 32277

$375,000

1,892 SF

View details

Commercial Property on Lem Turner

10420 Lem Turner Rd, Jacksonville, FL 32218

$325,000

1,324 SF

View details

Retail Storefront on Beach Boulevard

5209 BEACH Boulevard 5209 & 5207, Jacksonville, FL 32207

$399,900

1,219 SF

View details

Retail Space with Outdoor Patio

7854 MONCRIEF DINSMORE Road, Jacksonville, FL 32219

$199,900

2,812 SF

View details

Standalone Storefront Building

1326 N MAIN Street, Jacksonville, FL 32206

Contact for pricing

1,630 SF

View details

Retail/Office Frontage Property

4228 Blanding Blvd, Jacksonville, FL 32210

Contact for pricing

1,740 SF

View details

Retail Building

1060 E 21ST ST, Jacksonville, FL 32206

Contact for pricing

1,961 SF

View details

Established Storefront Business

511116 5111-16 Baymeadows Rd, Jacksonville, FL 32217

$55,000

2,500 SF

View details

Storefront Building with Off-Street Parking

2504 N MAIN Street, Jacksonville, FL 32206

$719,900

3,468 SF

View details

Equipped Storefront Barbershop

1301 Monument Rd Unit 4, Jacksonville, FL 32225

$46,000

1,200 SF

View details

Retail Space

5749 Arlington Road, Jacksonville, FL 32211

$650,000

View details

Frequently Asked Questions

What type of property is this?

Retail space - The 1,840-square-foot unit is part of a commercial complex with on-site parking.

Where is this retail space located?

The property is located at 4131 University Boulevard S 5 # 5 Jacksonville, FL.

What is the asking price?

The asking price for this property is $359,000.

What are key features of this property?

This property features: 1,840‑square‑foot retail unit; Located in a multi‑tenant commercial complex; On‑site parking