Multi-Tenant Office
For Sale
$379,000
4131 University Boulevard South, Jacksonville, FL 32216
Jacksonville, FL
Property Size1,840 SF
Lot Size0.26 Acres
Price / SF$205.98
Days on Market64
Property Features for 4131 University Boulevard South
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
1,840 SF
Lot size
0.26 Acres
Building Details
Year built
1974
Listing Agency:
NextHome Endless Summer
(386) 871-8888
Listed By:
Andrew Bell · License #3618738,PersonLicenseNumber
(904) 294-3739
Added: Aug 13
Changed: Aug 28
Last Checked: Oct 15 at 12:06PM
MLS# FC317154
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,840-square-foot office unit is part of a multi-tenant commercial complex at 4131 University Boulevard South. Built in 1974, the property offers a flexible interior that can be configured for professional office, medical or wellness, retail, and specialty-service operations. On-site parking supports day-to-day access for occupants and visitors.
The property fronts the University Boulevard South corridor and provides convenient connections to Beach Boulevard (US-90) and I-95. Established neighboring businesses and nearby residential communities contribute to a commercially active setting. The unit can accommodate an owner-user or investor seeking an office-oriented commercial property with adaptable use potential.
The property fronts the University Boulevard South corridor and provides convenient connections to Beach Boulevard (US-90) and I-95. Established neighboring businesses and nearby residential communities contribute to a commercially active setting. The unit can accommodate an owner-user or investor seeking an office-oriented commercial property with adaptable use potential.
Key Highlights
- 1,840 SF office unit within a multi‑tenant commercial complex
- Built in 1974
- Located at 4131 University Boulevard South, 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
Retail
$297.1K
$260.0K – $346.6K
NOI $20,796 @ 7.0% cap · market cap 5.49%
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 space with on-site parking and access to established business corridors.
Where is this office units located?
The property is located at 4131 University Boulevard South 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 SF office unit within a multi‑tenant commercial complex; Built in 1974; Located at 4131 University Boulevard South, Jacksonville, FL 32216
