Office Unit with
For Sale
$490,000
531 S 6TH Street, Macclenny, FL 32063
Commercial Sale, Macclenny, FL
Property Size1,630 SF
Lot Size0.17 Acres
Price / SF$300.61
Days on Market36
Property Features for 531 S 6TH Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Assigned, Driveway, Parking Lot
Security features
Security
Lot features
Corner Lot, Easement Access
Directions
Take ramp onto SR-23-TOLL N (First Coast Expressway Take the left exit onto I-10 W (SR-8). Take exit 336 toward SR-228 W/Macclenny onto SR-228 N (S State Road 228). Turn left onto W Jonathan St. Turn right onto S 6th St (SR-121). Turn right. Turn left.
Subdivision
501-Macclenny Area
Standard status
Active
APN
322S22000000001447
Size
1,630 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1444
Utilities
Utilities
Cable Available
Heating system
Heat Pump (Heating), Hot Water(Heating), Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Brick, Block, Concrete, Stucco
Roof type
Metal, Aluminum
Listing Agency:
FLORIDA HOMES REALTY & MTG LLC
(904) 996-9115
Listed By:
LAURE FILOSA
(352) 464-3932
Added: Aug 24
Changed: Sep 12
Last Checked: Sep 28 at 1:06AM
MLS# 2161637
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 1,630-square-foot office unit was built in 1986 and features a practical interior finished with laminate flooring. The property includes two bathrooms, central air conditioning, electric service, and heating supported by central, heat pump, and hot water systems. Brick, block, concrete, and stucco are among the construction materials, while the roof is metal and aluminum.
Parking is provided through a combination of driveway, parking lot, and assigned spaces. Public water serves the property, and cable service is available. Showings require 48 hours’ notice, with the listing agent present.
Parking is provided through a combination of driveway, parking lot, and assigned spaces. Public water serves the property, and cable service is available. Showings require 48 hours’ notice, with the listing agent present.
Key Highlights
- 1,630‑square‑foot office unit built in 1986
- Two bathrooms included
- Laminate flooring throughout the office space
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
$22,827
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
4.66%
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%
$456,540
$456.5K
Cap Rate 7%
$326,100
$326.1K
Cap Rate 9%
$253,633
$253.6K
Market Conditions
NOI Build-Up for 1,630 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
$39.1K $24.00/SF
− Vacancy
−$8.7K −$5.33/SF
EGI
$30.4K $18.67/SF
− OpEx
−$7.6K −$4.67/SF
NOI
$22.8K $14.00/SF
Area
Baker County, FL
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 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%
$456,540
Cap Rate 7%
$326,100
Cap Rate 9%
$253,633
Alternative Uses
Best Use
Office B
$326.1K
$285.3K – $380.5K
NOI $22,827 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$434.8K
$380.4K – $507.3K
NOI $30,435 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Explore this area
Business Placement
Demographics for 32063, FL
14,360
Population
5,408
Households
2.7
Avg Household Size
38
Median Age
21%
College-Educated
86%
High-School Grad
73.3 sq mi
ZIP Area
196
Density / Sq Mi
$66,453
Median Household Income
$38,146
Median Earnings
$1,313
Median Rent
$231,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office space with laminate flooring, central air, public water, and designated parking areas.
Where is this office units located?
The property is located at 531 S 6TH Street Macclenny, FL.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 1,630‑square‑foot office unit built in 1986; Two bathrooms included; Laminate flooring throughout the office space
