Medical Office
For Sale
Contact for pricing
4232 Baymeadows Rd, Jacksonville, FL 32217
Medical office property for sale on Baymeadows Road near San Jose Boulevard.
Property Size2,063 SF
Price / SF$290.84
Days on Market108
Property Features for 4232 Baymeadows Rd
General Information
Standard status
Active
Size
2,063 SF
Class
C
Total Parking Spaces
17
Property subtype
Office
Zoning
CO
Lease Type
NNN
Building Details
Year Built
1960
Listing Agency:
Pine Street / RPS
Listed By:
Jack Robison · License #SL3480686
(904) 398-1044
Source:
Crexi
Added: Jun 10
Changed: Sep 20
Last Checked: Sep 24 at 10:25AM
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 Pine Street / RPS
Investment Insights
Based on property information with market context.
This for-sale medical office space is located at 4232 Baymeadows Rd in Jacksonville, Florida. The property is identified as a medical office and office commercial real estate asset, with a total size of 2,063 square feet.
The location is on Baymeadows Road, positioned just east of San Jose Boulevard. This positioning provides straightforward access for visitors and staff traveling along a primary road corridor.
For tenants and buyers looking for an office-ready setting specifically suited to healthcare use, this asset offers a compact, purpose-aligned configuration within a single medical office property. Its proximity to San Jose Boulevard may support convenient access for patients and business operations, depending on the specific use and layout needs.
The location is on Baymeadows Road, positioned just east of San Jose Boulevard. This positioning provides straightforward access for visitors and staff traveling along a primary road corridor.
For tenants and buyers looking for an office-ready setting specifically suited to healthcare use, this asset offers a compact, purpose-aligned configuration within a single medical office property. Its proximity to San Jose Boulevard may support convenient access for patients and business operations, depending on the specific use and layout needs.
Key Highlights
- Medical office property for sale on Baymeadows Road near San Jose Boulevard
- Year built: 1960
- Located on Baymeadows Road, just east of San Jose Boulevard
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
$33,421
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
5.57%
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%
$668,420
$668.4K
Cap Rate 7%
$477,443
$477.4K
Cap Rate 9%
$371,344
$371.3K
Market Conditions
NOI Build-Up for 2,063 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
$61.9K $30.00/SF
− Vacancy
−$6.2K −$3.00/SF
EGI
$55.7K $27.00/SF
− OpEx
−$22.3K −$10.80/SF
NOI
$33.4K $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 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%
$668,420
Cap Rate 7%
$477,443
Cap Rate 9%
$371,344
Alternative Uses
Best Use
Healthcare Medical
$477.4K
$417.8K – $557.0K
NOI $33,421 @ 7.0% cap · market cap 5.57%
Second Best
Office B
$423.9K
$370.9K – $494.5K
NOI $29,670 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$565.1K
$494.5K – $659.3K
NOI $39,560 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
671
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32217, FL
20,543
Population
9,632
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
94%
High-School Grad
5.4 sq mi
ZIP Area
3,804
Density / Sq Mi
$69,742
Median Household Income
$44,147
Median Earnings
$1,190
Median Rent
$291,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Jacksonville, FL
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Similar Off Market Nearby
- Dr. Rebecca Williams — 9319 San Jose Blvd, Jacksonville, FL 32257
- Barta Jaime DVM — 9319 san jose blvd, jacksonville, fl 32257
- San Jose Beauclerc Animal Hospital — 9319 San Jose Blvd, Jacksonville, FL 32257
- Dr. Grant E. McMillian — 9319 San Jose Blvd, Jacksonville, FL 32257
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office property for sale on Baymeadows Road near San Jose Boulevard.
Where is this medical office space located?
The property is located at 4232 Baymeadows Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Medical office property for sale on Baymeadows Road near San Jose Boulevard; Year built: 1960; Located on Baymeadows Road, just east of San Jose Boulevard
