European Grocery Store
For Sale
$499,900
5209 BEACH Boulevard, Jacksonville, FL 32207
Commercial Sale, Jacksonville, FL
Property Size1,219 SF
Lot Size0.09 Acres
Price / SF$410.09
Days on Market930
Property Features for 5209 BEACH Boulevard
General Information
Property type
Residential
Property subtype
Retail
Zoning description
Retail
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot, Driveway
Subdivision
Divens
Directions
From Southside Blvd, Exit onto Beach Blvd(90). Follow Beach Blvd for Approximately 2.9 mile. Turn Right into the strip Mall
Standard status
Active
APN
1350610000
Size
1,219 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
1835
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fenced courtyard
large storage room
high-end refrigerated room
Building Details
Year built
1954
Number of units
1
Flooring type
Laminate
Building materials
Concrete
Listing Agency:
FLORIDA HOMES REALTY & MTG LLC
(904) 996-9115
Listed By:
DENISE DEMICO · License #BK669330
(904) 613-7004
Added: Feb 16, 2024
Changed: Sep 2
Last Checked: Sep 3 at 7:06PM
MLS# 2009334
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 1,219-square-foot grocery and convenience property includes the building, land, and contents. The concrete structure was built in 1954 and has wood-look tile flooring throughout, central heating, central air, a bathroom, and a large storage room. Refrigerator and freezer cases are included, along with a high-end refrigerated room. The rear of the property features a fenced courtyard.
The site encompasses 0.09 acres on Beach Boulevard near Emerson, next to Dollar General and an Asian food market. On-site parking is provided through a parking lot and driveway. Public water and sewer serve the property. Beer, wine, lottery, and cigarette licenses are associated with the operation, although a new owner must apply with the state to continue them.
The site encompasses 0.09 acres on Beach Boulevard near Emerson, next to Dollar General and an Asian food market. On-site parking is provided through a parking lot and driveway. Public water and sewer serve the property. Beer, wine, lottery, and cigarette licenses are associated with the operation, although a new owner must apply with the state to continue them.
Key Highlights
- 1,219 SF grocery and convenience store building with land and contents
- Refrigerator and freezer cases included
- High‑end refrigerated room and large rear storage room
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
$18,168
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
3.63%
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%
$363,360
$363.4K
Cap Rate 7%
$259,543
$259.5K
Cap Rate 9%
$201,867
$201.9K
Market Conditions
NOI Build-Up for 1,219 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
$26.3K $21.60/SF
− Vacancy
−$2.1K −$1.73/SF
EGI
$24.2K $19.87/SF
− OpEx
−$6.1K −$4.97/SF
NOI
$18.2K $14.90/SF
Area
Jacksonville, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$363,360
Cap Rate 7%
$259,543
Cap Rate 9%
$201,867
Alternative Uses
Best Use
Specialty Retail
$259.5K
$227.1K – $302.8K
NOI $18,168 @ 7.0% cap · market cap 3.63%
Second Best
Retail
$196.8K
$172.2K – $229.6K
NOI $13,777 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$333.9K
$292.2K – $389.6K
NOI $23,376 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,336
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32207, FL
36,207
Population
18,866
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
11.4 sq mi
ZIP Area
3,176
Density / Sq Mi
$60,875
Median Household Income
$45,478
Median Earnings
$1,139
Median Rent
$254,800
Median Home Value
Market
Vacancy Rate% for Industrial in Jacksonville, FL
Questions? Ask Rey
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Similar Off Market Nearby
- EL RINCONCITO SUPERMERCADO LATINO — 5535 Beach Blvd, Jacksonville, FL 32207
- New World Food Mart — 5161 Beach Blvd #6, Jacksonville, FL 32207
- La Colonia — 4022 Atlantic Blvd, Jacksonville, FL 32207
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Compact retail property with refrigeration, freezer cases, and a fenced rear courtyard.
Where is this grocery and convenience store located?
The property is located at 5209 BEACH Boulevard Jacksonville, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1,219 SF grocery and convenience store building with land and contents; Refrigerator and freezer cases included; High‑end refrigerated room and large rear storage room
