Retail Shopping Center
450 Busch Dr Jacksonville, FL 32218
For Sale
Contact for pricing
Shopping center at 450 Busch Dr with retail space and access to I-95 via Busch Drive or North Main St.
Property Size14,341 SF
Price / SF$139.46
Days on Market26
Property Features for 450 Busch Dr
General Information
- Standard status
- Active
- Size
- 14,341 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1989
Listing Agency:
SVR Commercial LLC Ponte Vedra Beach
(607) 745-0364
Listed By:
Tyler Powell · License #SL3512409
Source:
Crexi
Added: Jun 29
Changed: Jul 23
Last Checked: Jul 23 at 5:23AM
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 SVR Commercial LLC Ponte Vedra Beach
Investment Insights
Based on property information with market context.
SVR Commercial LLC, as exclusive advisor, presents a for-sale retail shopping center at 450 Busch Dr in Jacksonville, Florida. Public remarks describe the property as a value-add investment opportunity with an emphasis on improving and optimizing the existing rental base and overall center condition.
The shopping center is described as offering convenient access through Busch Drive or North Main St to I-95, supporting strong ingress and egress. The property is also approximately a mile from Orange Park Mall, and the surrounding retail district includes retailers such as Amazon, Publix, Sam’s Club, Starbucks, Bank of America, and the United States Postal Service.
According to the marketing materials, planned property enhancements are expected to support higher rental revenue and overall asset value, alongside efforts such as lease optimization and rent alignment. Investors are positioned to pursue income growth through targeted improvements while maintaining the center’s retail tenancy.
The shopping center is described as offering convenient access through Busch Drive or North Main St to I-95, supporting strong ingress and egress. The property is also approximately a mile from Orange Park Mall, and the surrounding retail district includes retailers such as Amazon, Publix, Sam’s Club, Starbucks, Bank of America, and the United States Postal Service.
According to the marketing materials, planned property enhancements are expected to support higher rental revenue and overall asset value, alongside efforts such as lease optimization and rent alignment. Investors are positioned to pursue income growth through targeted improvements while maintaining the center’s retail tenancy.
Key Highlights
- Shopping center at 450 Busch Dr in Jacksonville, FL, built in 1989
- About 1 mile from Orange Park Mall
- Easy access to I‑95 via Busch Drive or North Main St
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $258.1k | $18.00 |
| − Vacancy | −$26.6k | −$1.85 |
| EGI | $231.5k | $16.15 |
| − OpEx | −$69.5k | −$4.84 |
| NOI | $162.1k | $11.30 |
14,341 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.32M
$2.03M – $2.70M
NOI $162,085 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.83M
$3.35M – $4.46M
NOI $267,775 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pearl Academy
Daycare Center
Doctor Scott Rosenstein
Alternative Medicine Practice
New Beginnings Baptist ...
Church
A-Z Roofing Inc.
Roofing Company
Highlands Beauty Salon
Hair Salon
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FAQs
What type of property is this?
Shopping center - Shopping center at 450 Busch Dr with retail space and access to I-95 via Busch Drive or North Main St.
Where is this shopping center located?
The property is located at 450 Busch Dr Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Shopping center at 450 Busch Dr in Jacksonville, FL, built in 1989; About 1 mile from Orange Park Mall; Easy access to I‑95 via Busch Drive or North Main St
