Office Unit in Multi-Tenant
For Sale
$379,000
4131 University Boulevard S Unit 5, Jacksonville, FL 32216
Flexible commercial unit with on-site parking and access to Beach Boulevard and I-95.
Property Size1,840 SF
Price / SF$205.98
Days on Market51
Property Features for 4131 University Boulevard S Unit 5
General Information
Standard status
Active
Size
1,840 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1974
Tenancy
Multi
Listing Agency:
NEXTHOME ENDLESS SUMMER
Listed By:
Andrew Bell · License #3618738,PersonLicenseNumber
(904) 294-3739
Source:
Bradfordrealestatenetwork
Added: Aug 26
Changed: Oct 7
Last Checked: Oct 5 at 7:34PM
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
Investment Insights
Based on property information with market context.
Unit 5 at 4131 University Boulevard South is an 1,840-square-foot office unit within a multi-tenant commercial complex in Jacksonville. Built in 1974, the property offers a flexible interior suited to professional office, medical or wellness, retail, and specialty-service applications. On-site parking supports day-to-day access for occupants and visitors.
The property sits along the University Boulevard South corridor, near established neighboring businesses and major routes including Beach Boulevard (US-90) and I-95. Its Jacksonville location provides access to surrounding residential communities and nearby commercial areas. The unit’s adaptable layout can accommodate a range of business configurations.
The property sits along the University Boulevard South corridor, near established neighboring businesses and major routes including Beach Boulevard (US-90) and I-95. Its Jacksonville location provides access to surrounding residential communities and nearby commercial areas. The unit’s adaptable layout can accommodate a range of business configurations.
Key Highlights
- 1,840‑square‑foot office unit in a multi‑tenant commercial complex
- Built in 1974
- Located at 4131 University Boulevard South, Unit 5, Jacksonville, FL 32216
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,463
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,260
$529.3K
Cap Rate 7%
$378,043
$378.0K
Cap Rate 9%
$294,033
$294.0K
Market Conditions
NOI Build-Up for 1,840 SF
Gross rent
$44.2K $24.00/SF
− Vacancy
−$8.9K −$4.82/SF
EGI
$35.3K $19.18/SF
− OpEx
−$8.8K −$4.79/SF
NOI
$26.5K $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 Rate 5%
$529,260
Cap Rate 7%
$378,043
Cap Rate 9%
$294,033
Alternative Uses
Best Use
Office B
$378.0K
$330.8K – $441.1K
NOI $26,463 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$504.1K
$441.1K – $588.1K
NOI $35,284 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,422
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office units - Flexible commercial unit with on-site parking and access to Beach Boulevard and I-95.
Where is this office units located?
The property is located at 4131 University Boulevard S Unit 5 Jacksonville, FL.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 1,840‑square‑foot office unit in a multi‑tenant commercial complex; Built in 1974; Located at 4131 University Boulevard South, Unit 5, Jacksonville, FL 32216
