Former Insurance Office
5010 BLACKBURN Street Jacksonville, FL 32210
5010 BLACKBURN Street, Jacksonville, FL, 32210
$229,900
For Sale
$229,900
COMMERCIAL - Jacksonville, FL
Property Size1,353 SF
Lot Size0.18 Acres
Price / SF$169.92
Days on Market451
Property Features for 5010 BLACKBURN Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Off Street, On 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
- Shingle, Composition
Listing Agency
COLDWELL BANKER VANGUARD REALTY
(904) 269-7117
240 Ponte Vedra Park Drive Suite 100, Orange Park, FL
Listed by
HENRY HAMMOND, JR · License #3336763
(904) 806-1218
Added: Apr 23, 2025 Checked: Jul 17 at 10:06 am
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.
Investment Insights
Based on property information with market context.
This property is a former insurance office in a frame structure with brick veneer. The interior includes hardwood floors and has recently been painted. The layout supports multiple office rooms along with reception and waiting areas, plus a sunroom, kitchen, and utility room. Closet storage is also included. The kitchen and bath require renovation, and the HVAC system is not usable and will need to be replaced.
The building is positioned at a major intersection in Jacksonville at Blanding, Cassat, and Blackburn. It offers a straightforward setup for an owner-operator or tenant that wants a general office configuration in an established retail-and-office style market.
For businesses seeking a private office environment, the room structure can accommodate three or more offices, with space that can be used for reception and client waiting. While the property will need upgrades to the kitchen/bath and a replacement HVAC system, it provides a usable baseline layout that can be brought back for professional office operations.
The building is positioned at a major intersection in Jacksonville at Blanding, Cassat, and Blackburn. It offers a straightforward setup for an owner-operator or tenant that wants a general office configuration in an established retail-and-office style market.
For businesses seeking a private office environment, the room structure can accommodate three or more offices, with space that can be used for reception and client waiting. While the property will need upgrades to the kitchen/bath and a replacement HVAC system, it provides a usable baseline layout that can be brought back for professional office operations.
Key Highlights
- Former insurance office with a layout for 3+ offices plus reception and waiting area
- Hardwood floors and recent paint; interior includes sunroom, kitchen, and utility room
- Brick veneer over frame construction; wood flooring throughout
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 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$370.6K
$324.3K – $432.4K
NOI $25,945 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Frame office building with hardwood floors and flexible room layout for general office use.
Where is this office building located?
The property is located at 5010 BLACKBURN Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Former insurance office with a layout for 3+ offices plus reception and waiting area; Hardwood floors and recent paint; interior includes sunroom, kitchen, and utility room; Brick veneer over frame construction; wood flooring throughout
