Premier Downtown Jacksonville Office
For Sale
Contact for pricing
501 Riverside Avenue, Jacksonville, FL 32202
Class A office and retail space in revitalized Brooklyn/Riverside neighborhood.
Property Size221,952 SF
Price / SF$0.00
Days on Market263
Property Features for 501 Riverside Avenue
General Information
Standard status
Active
Size
221,952 SF
Class
A
Property subtype
Office
Lease Term
NNN; Full Service
Building Details
Building Size
221,952 SF
Year Built
2007
Properties For Sale
at 501 Riverside Avenue Contact us106
Size
1,503 SF
Type
Street Retail
Term
Negotiable
900
Size
2,956 SF
Type
Office Building
Term
Negotiable
901
Size
1,653 SF
Type
Office Building
Term
Negotiable
905
Size
2,055 SF
Type
Office Building
Term
Negotiable
Listed By:
Christian Harden, SIOR
(904) 536-6364
Source:
Naiglobal
Added: Jan 27
Changed: Oct 1
Last Checked: Oct 16 at 7:35AM
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 Christian Harden, SIOR
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Investment Insights
Based on property information with market context.
Located at the corner of Forest Street and Riverside Avenue, this property is a premier office and retail location in Downtown Jacksonville. The building offers 180 degrees of riverfront views and access to I-95 and I-10. The property features 221,000 square feet of high-end office and retail space, situated in the revitalized Brooklyn/Riverside neighborhood, creating a live/work/play atmosphere. The location offers excellent visibility and walk-up access from Riverside Avenue in an urban setting, with approximately 23,000 cars per day. Signage opportunities are available. The property includes a full-service banking facility with an ATM and drive-up teller, an attached private garage with a parking ratio of 3:1000, and 24-hour security. A downtown trolley and bus stop are located on the property, with access to the St. Johns Riverwalk. Monument signage is available.
Key Highlights
- Premier office and retail location in Downtown Jacksonville with 180‑degree riverfront views.
- Unparalleled access to I‑95 and I‑10.
- Attached private garage with 3:1000 parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,508,546
Suggested Prices Based on Cap Rates
Cap Rate 5%
$50,170,920
$50.2M
Cap Rate 7%
$35,836,371
$35.8M
Cap Rate 9%
$27,872,733
$27.9M
Market Conditions
NOI Build-Up for 221,952 SF
Gross rent
$4.00M $18.00/SF
− Vacancy
−$411.5K −$1.85/SF
EGI
$3.58M $16.15/SF
− OpEx
−$1.08M −$4.84/SF
NOI
$2.51M $11.30/SF
Area
Jacksonville, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$50,170,920
Cap Rate 7%
$35,836,371
Cap Rate 9%
$27,872,733
Alternative Uses
Best Use
Office B
$45.60M
$39.90M – $53.20M
NOI $3,192,114 @ 7.0% cap · market cap 9,120,325.71%
Second Best
Retail
$35.84M
$31.36M – $41.81M
NOI $2,508,546 @ 7.0% cap · market cap 7,167,274.29%
Theoretical Best
Office A
$60.80M
$53.20M – $70.94M
NOI $4,256,152 @ 7.0% cap · market cap 12,160,434.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,728
Businesses Nearby
Explore this area
Business Placement
Demographics for 32202, FL
6,544
Population
2,789
Households
2.3
Avg Household Size
38
Median Age
17%
College-Educated
78%
High-School Grad
2.0 sq mi
ZIP Area
3,272
Density / Sq Mi
$40,070
Median Household Income
$30,938
Median Earnings
$1,024
Median Rent
$229,100
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
Frequently Asked Questions
What type of property is this?
Office building - Class A office and retail space in revitalized Brooklyn/Riverside neighborhood.
Where is this office building located?
The property is located at 501 Riverside Avenue Jacksonville, FL.
What are key features of this property?
This property features: Premier office and retail location in Downtown Jacksonville with **180‑degree riverfront views.**; Unparalleled access to I‑95 and I‑10.; Attached private garage with **3:1000 parking.**
