San Jose Boulevard Retail
For Sale
$995,900
5209 SAN JOSE Boulevard, Jacksonville, FL 32207
Retail property for sale on San Jose Boulevard corridor.
Property Size5,184 SF
Price / SF$192.11
Days on Market174
Property Features for 5209 SAN JOSE Boulevard
General Information
Standard status
Active
Size
5,184 SF
Taxes and HOA fees
Annual Taxes
$10,182
Amenities
Accessible Stairway
Unassigned
Building Details
Year Built
1986
Stories
2
Listing Agency:
Kinkade Commercial Real Estate
(904) 460-7676
Listed By:
CAMERON MESH · License #SL3619703
(904) 460-7676
Source:
Evrealestate
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 29 at 6:10AM
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 Kinkade Commercial Real Estate
Investment Insights
Based on property information with market context.
Located on San Jose Boulevard, this commercial property is situated along the corridor in the San Jose neighborhood, after passing through the Mandarin area. The property offers an area of 5184 square feet. It is intended for use as storefront and retail space.
Key Highlights
- Located on San Jose Blvd corridor
- Situated in the San Jose neighborhood
- Located in Duval County
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
$58,591
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
5.88%
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%
$1,171,820
$1.2M
Cap Rate 7%
$837,014
$837.0K
Cap Rate 9%
$651,011
$651.0K
Market Conditions
NOI Build-Up for 5,184 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
$93.3K $18.00/SF
− Vacancy
−$9.6K −$1.85/SF
EGI
$83.7K $16.15/SF
− OpEx
−$25.1K −$4.84/SF
NOI
$58.6K $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%
$1,171,820
Cap Rate 7%
$837,014
Cap Rate 9%
$651,011
Alternative Uses
Best Use
Retail
$837.0K
$732.4K – $976.5K
NOI $58,591 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,408 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
47k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Dining 37%
Shops & Services 20%
Electronics 3%
Winn-Dixie
Groceries
18,785 visits/mo
0.4 miles
Starbucks
Dining
11,822 visits/mo
0.3 miles
Pet Supplies Plus
Shops & Services
5,452 visits/mo
0.4 miles
Hallmark
Shops & Services
3,568 visits/mo
0.3 miles
Fusion Sushi
Dining
2,415 visits/mo
0.4 miles
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
- LaMee Florist — 5040 St Augustine Rd, Jacksonville, FL 32207
Frequently Asked Questions
What type of property is this?
Storefront property - Retail property for sale on San Jose Boulevard corridor.
Where is this storefront property located?
The property is located at 5209 SAN JOSE Boulevard Jacksonville, FL.
What is the asking price?
The asking price for this property is $995,900.
What are key features of this property?
This property features: Located on San Jose Blvd corridor; Situated in the San Jose neighborhood; Located in Duval County
