Freestanding Automotive Service
New
For Sale
Contact for pricing
5717 University Boulevard West, Jacksonville, FL 32216
Single-tenant facility with a true NNN lease and contractual annual rent escalations.
Property Size5,760 SF
Price / SF$386
Days on Market6
Property Features for 5717 University Boulevard West
General Information
Standard status
Active
Size
5,760 SF
Total Parking Spaces
19
Property subtype
Retail
Zoning
CCG-1
Occupancy
100%
Lease Type
NNN
Additional Details
Road Access
Yes
Building Details
Year Built
1995
Buildings
1
Tenancy
Single
Listing Agency:
Ackerman & Co
Listed By:
Allen Farr · License #GA 378618
Source:
Crexi
Added: Aug 5
Changed: Aug 10
Last Checked: Aug 10 at 5:51AM
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 Ackerman & Co
Investment Insights
Based on property information with market context.
This freestanding automotive service facility contains 5,760 square feet and was built in 1995. The property is occupied by Apex Tire & Auto under a true NNN lease, with contractual 4% annual rent escalations and limited landlord responsibilities. Zoning is CCG-1.
The property is located at 5717 University Boulevard West in Jacksonville’s Southside corridor. The site benefits from dedicated access and a prominent position along University Boulevard, within an established area that includes residential development, national retailers, and healthcare providers. Apex Tire & Auto has operated at the location since 2018.
The property is located at 5717 University Boulevard West in Jacksonville’s Southside corridor. The site benefits from dedicated access and a prominent position along University Boulevard, within an established area that includes residential development, national retailers, and healthcare providers. Apex Tire & Auto has operated at the location since 2018.
Key Highlights
- 5,760‑square‑foot freestanding automotive service facility
- True NNN lease with 4% annual rent escalations
- Single‑tenant occupancy by Apex Tire & Auto
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
$65,101
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
2.92%
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%
$1,302,020
$1.3M
Cap Rate 7%
$930,014
$930.0K
Cap Rate 9%
$723,344
$723.3K
Market Conditions
NOI Build-Up for 5,760 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
$103.7K $18.00/SF
− Vacancy
−$10.7K −$1.85/SF
EGI
$93.0K $16.15/SF
− OpEx
−$27.9K −$4.84/SF
NOI
$65.1K $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%
$1,302,020
Cap Rate 7%
$930,014
Cap Rate 9%
$723,344
Alternative Uses
Best Use
Retail
$930.0K
$813.8K – $1.09M
NOI $65,101 @ 7.0% cap · market cap 2.92%
Second Best
Industrial
$457.2K
$400.1K – $533.4K
NOI $32,006 @ 7.0% cap · market cap 1.44%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,454 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
110k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 29%
Shops & Services 28%
Groceries 24%
Home Improvements & Furnishings 9%
Harveys Supermarket
Groceries
17,591 visits/mo
0.2 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
12,260 visits/mo
0.5 miles
Proctor Ace Hardware
Home Improvements & Furnishings
10,263 visits/mo
0.0 miles
Save-A-Lot
Groceries
8,603 visits/mo
0.3 miles
Krystal
Dining
8,103 visits/mo
0.1 miles
Demographics for 32216, FL
42,847
Population
19,796
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
12.7 sq mi
ZIP Area
3,374
Density / Sq Mi
$63,253
Median Household Income
$44,078
Median Earnings
$1,311
Median Rent
$244,800
Median Home Value
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Single-tenant facility with a true NNN lease and contractual annual rent escalations.
Where is this auto shop located?
The property is located at 5717 University Boulevard West Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,229,113.
What are key features of this property?
This property features: 5,760‑square‑foot freestanding automotive service facility; True NNN lease with 4% annual rent escalations; Single‑tenant occupancy by Apex Tire & Auto
