Premier Jacksonville Suburban Office
For Sale
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5220 Belfort Road, Jacksonville, FL 32256
Three-building office complex with I-95 frontage and Class A finishes.
Property Size96,049 SF
Price / SF$0.00
Days on Market335
Property Features for 5220 Belfort Road
General Information
Standard status
Active
Size
96,049 SF
Class
A
Property subtype
Class A Office
Lease Term
Full Service
Building Details
Building Size
96,049 SF
Properties For Sale
at 5220 Belfort Road Contact usSuite 120
Size
1,439 SF
Type
Office Building
Term
Negotiable
Suite 310
Size
3,530 SF
Type
Office Building
Term
Negotiable
Listing Agency:
NAI Hallmark
Listed By:
Patrick Carney
(904) 588-2508
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Oct 13
Last Checked: Oct 20 at 5:21PM
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 NAI Hallmark
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Investment Insights
Based on property information with market context.
The Concourse is a master-planned office development featuring three buildings clustered around an open-air gathering place. This outdoor space includes a large patio or terrace area with seating and pedestrian space overlooking a large lake, designed to give occupants an area to congregate, relax, and enjoy the peaceful setting. The project is easily visible from I-95 and is recognized as one of Jacksonville’s premier suburban office addresses. Located at the intersection of Belfort and Salisbury Road, this office development enjoys over one quarter of a mile of frontage along Interstate 95, just south of Butler Boulevard in the Southpoint Area of suburban Jacksonville. The development includes three 100,000 SF buildings surrounding a lushly landscaped courtyard, gazebo, and water feature. The property features newly renovated lobby areas, solid cherry lobby entrances, high volume ceilings, and Class A finishes throughout. Amenities include the on-site Concourse Cafe and an on-site workout facility. The property has easy access to Butler Boulevard, Belfort Road, and Interstate 95.
Key Highlights
- Premier suburban office address easily visible from I‑95.
- Three 100,000 SF buildings surround a lushly landscaped courtyard, gazebo and water feature.
- Enjoy the open‑air gathering place with large patio/terrace overlooking a large lake.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,345,070
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,901,400
$26.9M
Cap Rate 7%
$19,215,286
$19.2M
Cap Rate 9%
$14,945,222
$14.9M
Market Conditions
NOI Build-Up for 96,049 SF
Gross rent
$2.31M $24.00/SF
− Vacancy
−$511.7K −$5.33/SF
EGI
$1.79M $18.67/SF
− OpEx
−$448.4K −$4.67/SF
NOI
$1.35M $14.00/SF
Area
ZIP 32256
Vacancy
22.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,901,400
Cap Rate 7%
$19,215,286
Cap Rate 9%
$14,945,222
Alternative Uses
Best Use
Office B
$19.22M
$16.81M – $22.42M
NOI $1,345,070 @ 7.0% cap · market cap 5,604,458.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$25.62M
$22.42M – $29.89M
NOI $1,793,427 @ 7.0% cap · market cap 7,472,612.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,254
Businesses Nearby
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Business Placement
Demographics for 32256, FL
53,611
Population
27,735
Households
1.9
Avg Household Size
37
Median Age
53%
College-Educated
97%
High-School Grad
61.4 sq mi
ZIP Area
873
Density / Sq Mi
$73,203
Median Household Income
$47,360
Median Earnings
$1,586
Median Rent
$360,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Office building - Three-building office complex with I-95 frontage and Class A finishes.
Where is this office building located?
The property is located at 5220 Belfort Road Jacksonville, FL.
What are key features of this property?
This property features: Premier suburban office address easily visible from I‑95.; Three 100,000 SF buildings surround a lushly landscaped courtyard, gazebo and water feature.; Enjoy the open‑air gathering place with large patio/terrace overlooking a large lake.
