Office Unit with On-Site
For Sale
$359,000
4131 UNIVERSITY Boulevard S 5, Jacksonville, FL 32216
Flexible office unit within a multi-tenant complex, offering on-site parking and access to Beach Boulevard and I-95.
Property Size1,840 SF
Days on Market157
Property Features for 4131 UNIVERSITY Boulevard S 5
General Information
Standard status
Active
Size
1,840 SF
Property subtype
Business
Taxes and HOA fees
Annual Taxes
$4,143
Building Details
Building Size
1,840 SF
Year Built
1974
Listing Agency:
NEXTHOME ENDLESS SUMMER
Listed By:
ANDREW BELL · License #3618738,PersonLicenseNumber
(904) 294-3739
Source:
Houseandhavenrealty
Added: Apr 2
Changed: Sep 4
Last Checked: Sep 4 at 12:26PM
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 is an office-oriented commercial space within a multi-tenant complex on University Boulevard South in Jacksonville. The property offers a flexible layout that can be adapted to business requirements, with on-site parking supporting daily access for occupants and visitors. The building dates to 1974.
The property is positioned along University Boulevard South with access to Beach Boulevard, identified as US-90, and I-95. Established businesses operate nearby within the complex, creating a commercial setting for professional office, medical or wellness, retail, and specialty service uses described for the unit. Its Jacksonville location places the space near residential communities and major thoroughfares.
The property is positioned along University Boulevard South with access to Beach Boulevard, identified as US-90, and I-95. Established businesses operate nearby within the complex, creating a commercial setting for professional office, medical or wellness, retail, and specialty service uses described for the unit. Its Jacksonville location places the space near residential communities and major thoroughfares.
Key Highlights
- Office Unit #5 within a multi‑tenant commercial complex
- Flexible layout suitable for customization
- On‑site parking for occupants and visitors
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
$26,463
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
7.37%
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%
$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
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
$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 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%
$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 7.37%
Second Best
Retail
$297.1K
$260.0K – $346.6K
NOI $20,796 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$504.1K
$441.1K – $588.1K
NOI $35,284 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,848
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
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 units - Flexible office unit within a multi-tenant complex, offering 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 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: Office Unit #5 within a multi‑tenant commercial complex; Flexible layout suitable for customization; On‑site parking for occupants and visitors
