Multi-Tenant Office
For Sale
$1,395,000
4540 Southside Blvd Bldg 500, Jacksonville, FL 32216
Four separately parceled office condominiums offer a single-story configuration with access to Jacksonville’s Southside business corridor.
Property Size4,739 SF
Days on Market55
Property Features for 4540 Southside Blvd Bldg 500
General Information
Standard status
Active
Size
4,739 SF
Property subtype
Office
Occupancy
40%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
1
Office Units
4
Building Details
Building Size
4,739 SF
Year Built
1996
Buildings
1
Stories
1
Tenancy
Multi
Listed By:
Daniel Burkhardt, SIOR, CCIM, MSRE
(904) 404-4455
Source:
Naihallmark
Added: Aug 22
Changed: Oct 8
Last Checked: Oct 14 at 7:56PM
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 Daniel Burkhardt, SIOR, CCIM, MSRE
Investment Insights
Based on property information with market context.
This offering comprises Units 501–504 within a single-story, multi-tenant office condominium building at Southside Professional Center. Each unit is established as a separate parcel, creating a four-unit configuration in a property built in 1996. Current occupancy is 40%, and the asset is positioned for both investment and owner-user consideration.
The property has frontage on Southside Boulevard and sits less than one mile from J. Turner Butler Boulevard and I-95, with additional access to I-295. Its location provides connectivity to Jacksonville’s Beaches and Downtown, as well as nearby employment and entertainment destinations including the University of North Florida, Deerwood North, Tapestry Park, and St. Johns Town Center.
The surrounding five-mile trade area includes 228,000 residents and average annual household income exceeding $100,000. The property is located in Jacksonville, Florida, within the Southside submarket.
The property has frontage on Southside Boulevard and sits less than one mile from J. Turner Butler Boulevard and I-95, with additional access to I-295. Its location provides connectivity to Jacksonville’s Beaches and Downtown, as well as nearby employment and entertainment destinations including the University of North Florida, Deerwood North, Tapestry Park, and St. Johns Town Center.
The surrounding five-mile trade area includes 228,000 residents and average annual household income exceeding $100,000. The property is located in Jacksonville, Florida, within the Southside submarket.
Key Highlights
- Units 501–504 are configured as four separate parcels
- Single‑story office condominium building built in 1996
- Current occupancy is 40%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,156
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,120
$1.4M
Cap Rate 7%
$973,657
$973.7K
Cap Rate 9%
$757,289
$757.3K
Market Conditions
NOI Build-Up for 4,739 SF
Gross rent
$113.7K $24.00/SF
− Vacancy
−$22.9K −$4.82/SF
EGI
$90.9K $19.18/SF
− OpEx
−$22.7K −$4.79/SF
NOI
$68.2K $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%
$1,363,120
Cap Rate 7%
$973,657
Cap Rate 9%
$757,289
Alternative Uses
Best Use
Office B
$973.7K
$852.0K – $1.14M
NOI $68,156 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,875 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Office units
40%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,167
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 - Four separately parceled office condominiums offer a single-story configuration with access to Jacksonville’s Southside business corridor.
Where is this office units located?
The property is located at 4540 Southside Blvd Bldg 500 Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Units 501–504 are configured as four separate parcels; Single‑story office condominium building built in 1996; Current occupancy is 40%
