Fully Leased Retail
For Sale
Contact for pricing
514 Chaffee Point Blvd, Jacksonville, FL 32221
Retail property is 100% occupied with long-term tenants in place; a rent roll is available for review.
Property Size7,892 SF
Price / SF$133.05
Days on Market214
Property Features for 514 Chaffee Point Blvd
General Information
Standard status
Active
Size
7,892 SF
Property subtype
RETAIL
Occupancy
100%
Listing Agency:
Kahle Commercial Group
Listed By:
Cynthia McLain
(904) 541-0700
Source:
Moodyscre
Added: Feb 5
Changed: Aug 8
Last Checked: Jul 23 at 10:07AM
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 Kahle Commercial Group
Investment Insights
Based on property information with market context.
This for-sale retail property is fully leased, with 100% occupancy and long-term tenants in place. The current rent roll is available for review, supporting straightforward diligence for prospective buyers.
The property is located at 514 Chaffee Point Blvd in Jacksonville, Florida 32221.
With the building already operating under established tenancy, the offering is positioned around existing in-place income rather than redevelopment. Rent roll documentation is included, which can help streamline the financial evaluation process.
The property is located at 514 Chaffee Point Blvd in Jacksonville, Florida 32221.
With the building already operating under established tenancy, the offering is positioned around existing in-place income rather than redevelopment. Rent roll documentation is included, which can help streamline the financial evaluation process.
Key Highlights
- Fully leased/100% occupied retail property
- Long‑term tenants in place
- Rent roll included and available for review
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,197
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,783,940
$1.8M
Cap Rate 7%
$1,274,243
$1.3M
Cap Rate 9%
$991,078
$991.1K
Market Conditions
NOI Build-Up for 7,892 SF
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.
Gross rent
$142.1K $18.00/SF
− Vacancy
−$14.6K −$1.85/SF
EGI
$127.4K $16.15/SF
− OpEx
−$38.2K −$4.84/SF
NOI
$89.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,783,940
Cap Rate 7%
$1,274,243
Cap Rate 9%
$991,078
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.49M
NOI $89,197 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,337 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
206k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 34%
Groceries 14%
Hotels & Casinos 4%
McDonald's
Dining
31,688 visits/mo
0.2 miles
Cracker Barrel Old Country Store
Dining
31,565 visits/mo
0.0 miles
Shell
Shops & Services
29,718 visits/mo
0.3 miles
Winn-Dixie
Groceries
28,530 visits/mo
0.1 miles
Wendy's
Dining
16,290 visits/mo
0.2 miles
Demographics for 32221, FL
30,961
Population
11,650
Households
2.7
Avg Household Size
39
Median Age
23%
College-Educated
89%
High-School Grad
47.5 sq mi
ZIP Area
652
Density / Sq Mi
$82,571
Median Household Income
$44,725
Median Earnings
$1,660
Median Rent
$244,500
Median Home Value
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property is 100% occupied with long-term tenants in place; a rent roll is available for review.
Where is this retail space located?
The property is located at 514 Chaffee Point Blvd Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Fully leased/100% occupied retail property; Long‑term tenants in place; Rent roll included and available for review
