University Plaza Outparcel For
For Sale
Contact for pricing
5730 University Blvd W, Jacksonville, FL 32216
Outparcel on University Blvd W with redevelopment potential.
Property Size6,424 SF
Lot Size1.23 Acres
Price / SF$342.47
Days on Market170
Property Features for 5730 University Blvd W
General Information
Standard status
Active
Size
6,424 SF
Class
C
Lot size
1.23 Acres
Property subtype
Mixed Use, Office, Retail
Zoning
CCG-1
Building Details
Year Built
1974
Year Renovated
2022
Stories
1
Listing Agency:
Ashco Centers
Listed By:
Tiffany Ashurian · License #SL3469642
Source:
Crexi
Added: Mar 16
Changed: Aug 27
Last Checked: Aug 30 at 6:20PM
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 Ashco Centers
Investment Insights
Based on property information with market context.
The University Plaza Outparcel is located at 5730 University Blvd W in Jacksonville, FL. The property is strategically positioned on University Blvd W, between I-95 and Beach Blvd, within a heavily commercialized corridor. The location neighbors St Vincent's Hospital and Memorial Hospital, with several retail projects nearby, including grocery stores such as Freshfield Farm, Harvey’s Supermarkets, and Save-a-lot. Memorial Hospital, with 418 beds, and Brooks Rehabilitation Hospital are approximately 1 mile to the north. The property includes a 6,424 square foot building with 4 drive-thru lanes, situated on a 1.23-acre lot. It features over 390 feet of frontage on University Blvd and access to Barnes Rd S traffic signal via a rear internal road. Zoned CCG-1, this property presents an opportunity to repurpose the existing building or redevelop the entire site.
Key Highlights
- Strategic location on heavily commercialized University Blvd W, between I‑95 and Beach Blvd.
- Boasts over 390 feet of frontage on University Blvd W.**
- Access to Barnes Rd. S traffic signal via a rear internal road.
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
$92,390
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
4.20%
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%
$1,847,800
$1.8M
Cap Rate 7%
$1,319,857
$1.3M
Cap Rate 9%
$1,026,556
$1.0M
Market Conditions
NOI Build-Up for 6,424 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
$154.2K $24.00/SF
− Vacancy
−$31.0K −$4.82/SF
EGI
$123.2K $19.18/SF
− OpEx
−$30.8K −$4.79/SF
NOI
$92.4K $14.38/SF
Area
Jacksonville, FL
Vacancy
20.10%
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%
$1,847,800
Cap Rate 7%
$1,319,857
Cap Rate 9%
$1,026,556
Alternative Uses
Best Use
Office B
$1.32M
$1.15M – $1.54M
NOI $92,390 @ 7.0% cap · market cap 4.20%
Second Best
Mixed Use
$1.21M
$1.06M – $1.41M
NOI $84,797 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,187 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
Explore this area
Business Placement
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 Office in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Outparcel on University Blvd W with redevelopment potential.
Where is this mixed-use property located?
The property is located at 5730 University Blvd W Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Strategic location on heavily commercialized University Blvd W, between I‑95 and Beach Blvd.; Boasts over 390 feet of frontage on University Blvd W.**; Access to Barnes Rd. S traffic signal via a rear internal road.
