Grocery Store Building with Cold
For Sale
$499,900
5209 BEACH Boulevard, Jacksonville, FL 32207
SINGLE_FAMILY - Jacksonville, FL
Property Size1,219 SF
Lot Size0.09 Acres
Price / SF$410.09
Days on Market902
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
Driveway, Parking Lot
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: Aug 1
Last Checked: Aug 6 at 4:06PM
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.
European grocery store building, land, and contents for sale with refrigerator and freezer cases included. The interior features wood-look tile flooring throughout, with central heating and central air conditioning. Construction is concrete, and parking is available via a driveway and parking lot.
The property is located on Beach Boulevard near Emerson, in a high-traffic area next to Dollar General and an Asian food market. A fenced-in courtyard sits in the back of the building, along with a large storage room and a high-end refrigerated room.
Beer, wine, lottery, and cigarette licenses are included; a new owner will need to make application with the state to continue. The property is on public water and sewer and was built in 1954.
The property is located on Beach Boulevard near Emerson, in a high-traffic area next to Dollar General and an Asian food market. A fenced-in courtyard sits in the back of the building, along with a large storage room and a high-end refrigerated room.
Beer, wine, lottery, and cigarette licenses are included; a new owner will need to make application with the state to continue. The property is on public water and sewer and was built in 1954.
Key Highlights
- Refrigerator and freezer cases included
- Beer, wine, lottery, and cigarette licenses included; new owner must apply with the state
- Fenced‑in courtyard plus large storage room and a high‑end refrigerated 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
1,091
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 Retail in Jacksonville, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- EL RINCONCITO SUPERMERCADO LATINO — 5535 Beach Blvd, Jacksonville, FL 32207
- La Colonia — 4022 Atlantic Blvd, Jacksonville, FL 32207
- New World Food Mart — 5161 Beach Blvd #6, Jacksonville, FL 32207
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Super clean European grocery store with tile floors, central HVAC, and included refrigerator and freezer cases.
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: Refrigerator and freezer cases included; Beer, wine, lottery, and cigarette licenses included; new owner must apply with the state; Fenced‑in courtyard plus large storage room and a high‑end refrigerated room
