Jacksonville Office Building For
5010 BLACKBURN Street, Jacksonville, FL 32210
COMMERCIAL - Jacksonville, FL
Type:Office
Property size:
1,353 SFLot size:
0.18 AcresPrice / SF:
$177/SF- Added:
- Apr 23, 2025
- Days on Market:
- 406
- Last Refresh:
- Jun 2 at 5:06 am
Property Features for 5010 BLACKBURN Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- On Street, Off Street
- Standard status
- Active
- APN
- 0948210005
- Size
- 1,353 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2146
Utilities
- Sewer type
- Septic Tank
- Cooling system
- Electric, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1942
- Floors in Building
- 1
- Flooring type
- Wood
- Building materials
- Brick, Frame
- Roof type
- Composition, Shingle
Listing agent HENRY HAMMOND, JR License #3336763 (904) 806-1218
Listing office COLDWELL BANKER VANGUARD REALTY 240 Ponte Vedra Park Drive Suite 100, Orange Park, FL (904) 269-7117
Listing date Apr 23, 2025
MLS# 2083383
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Potential for a very attractive 9 to 10 CAP rate.
- Superb location at a major intersection of Blanding, Cassat, and Blackburn.
- Suitable layout featuring multiple offices, a reception area, and a waiting area.
- Hardwood floors add character.
- Brick veneer construction.
- On‑street and off‑street parking available.
Overview
This commercial property, located in Jacksonville, Florida, presents an opportunity for general office use at the intersection of Blanding, Cassat, and Blackburn. The property, formerly an insurance office, features a layout with hardwood floors and recent paint. The kitchen and bath require renovation, and the HVAC system needs replacement. Constructed with a frame structure and brick veneer, the building offers space for three or more offices, a reception area, and a waiting area. Additional features include a sunroom, kitchen, and utility room, along with closet storage. The property size is 1353 square feet, situated on a lot of 0.18 acres.
Local Financial Insights For Office B
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 | $32.5k | $24.00 |
| − Vacancy | −$7.2k | −$5.33 |
| EGI | $25.3k | $18.67 |
| − OpEx | −$6.3k | −$4.67 |
| NOI | $18.9k | $14.00 |
1,353 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$270.7K
$236.8K – $315.8K
NOI $18,947 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$370.6K
$324.3K – $432.4K
NOI $25,945 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.730664
- Latitude
- 30.276104
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Office building in Jacksonville, Florida, with potential for high cap.
Where is this office units located?
The property is located at 5010 BLACKBURN Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Potential for a very attractive 9 to 10 CAP rate.; Superb location at a major intersection of Blanding, Cassat, and Blackburn.; Suitable layout featuring multiple offices, a reception area, and a waiting area.
