Office Building with
New
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 Market4
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
Parking Lot, Driveway, Assigned
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
Hot Water(Heating), Electric (Heating), Heat Pump (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: Aug 25
Last Checked: Aug 27 at 7:06PM
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 building was constructed in 1986 and features brick, block, concrete, and stucco materials. Interior improvements include laminate flooring and two bathrooms. Heating is provided through central, electric, heat-pump, and hot-water systems, while cooling is served by electric central air. The property also includes a metal and aluminum roof.
Located at 531 S 6TH Street in Macclenny, Florida, the property occupies approximately 0.17 acres. Site features include a parking lot, driveway, and assigned parking. Public water is available, along with cable service. Showings require 48 hours’ notice, with the listing agent present.
Located at 531 S 6TH Street in Macclenny, Florida, the property occupies approximately 0.17 acres. Site features include a parking lot, driveway, and assigned parking. Public water is available, along with cable service. Showings require 48 hours’ notice, with the listing agent present.
Key Highlights
- 1,630 SF office building on approximately 0.17 acres
- Built in 1986 with brick, block, concrete, and stucco construction
- Central electric cooling and multiple heating systems, including heat pump and hot water
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
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-story office property with central HVAC, public water, and dedicated on-site parking areas.
Where is this office building 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 SF office building on approximately 0.17 acres; Built in 1986 with brick, block, concrete, and stucco construction; Central electric cooling and multiple heating systems, including heat pump and hot water
