Two-Unit Flex
For Sale
$925,000
5804 ARLINGTON Road, Jacksonville, FL 32211
Commercial Sale, Jacksonville, FL
Property Size7,491 SF
Lot Size0.31 Acres
Price / SF$123.48
Days on Market209
Property Features for 5804 ARLINGTON Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Open, Garage, On Street, Driveway, Parking Lot
Subdivision
Arlington Heights
Lot features
Corner Lot, Sprinklers In Front
Directions
From Atlantic Blvd take exit toward FL-109 N/University Blvd, merge onto Arlington Expressway Service Rd, slight Right onto University Blvd N, turn Right onto Arlington Rd, turn Right onto the Romney St.
Standard status
Active
APN
1413310000
Size
7,491 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4332
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Building materials
Block, Concrete, Stucco
Listing Agency:
YOUNG REALTY LLC
(904) 338-0800
Listed By:
SERGEY YOUNG
(904) 422-5818
Added: Feb 3
Changed: Aug 28
Last Checked: Aug 31 at 9:06PM
MLS# 2128401
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 7,491-square-foot flex property contains two separate units, each with its own electrical meter and address. The 1958 building features concrete block construction with stucco, central heating and central air. Interior demolition has created an open condition for future buildout, while new doors, electrical cleanup, exterior painting, gutters, and a Gaco liquid-applied roof coating provide substantial recent improvements.
Site work includes replacement of the former parking area, new storm drainage, sewer and water lines, concrete parking and curbs, landscaping, and a dumpster enclosure. The property also includes a new sprinkler system, striped parking with handicap access, and underground conduit for a future transformer. Public water and public sewer serve the site, with open, garage, on-street, driveway, and parking-lot parking identified.
Site work includes replacement of the former parking area, new storm drainage, sewer and water lines, concrete parking and curbs, landscaping, and a dumpster enclosure. The property also includes a new sprinkler system, striped parking with handicap access, and underground conduit for a future transformer. Public water and public sewer serve the site, with open, garage, on-street, driveway, and parking-lot parking identified.
Key Highlights
- 7,491‑square‑foot flex property with two separate units
- Each unit has its own electrical meter and separate address
- 1958 building with block, concrete, and stucco construction
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
$81,510
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
8.81%
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%
$1,630,200
$1.6M
Cap Rate 7%
$1,164,429
$1.2M
Cap Rate 9%
$905,667
$905.7K
Market Conditions
NOI Build-Up for 7,491 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
$134.8K $18.00/SF
− Vacancy
−$9.4K −$1.26/SF
EGI
$125.4K $16.74/SF
− OpEx
−$43.9K −$5.86/SF
NOI
$81.5K $10.88/SF
Area
Jacksonville, FL
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,630,200
Cap Rate 7%
$1,164,429
Cap Rate 9%
$905,667
Alternative Uses
Best Use
Flex RnD
$1.16M
$1.02M – $1.36M
NOI $81,510 @ 7.0% cap · market cap 8.81%
Second Best
Industrial
$594.6K
$520.3K – $693.7K
NOI $41,624 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$2.05M
$1.80M – $2.39M
NOI $143,647 @ 7.0% cap · market cap 15.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,127
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32211, FL
34,168
Population
15,250
Households
2.2
Avg Household Size
36
Median Age
20%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
4,167
Density / Sq Mi
$55,208
Median Household Income
$33,993
Median Earnings
$1,104
Median Rent
$208,900
Median Home Value
Market
Vacancy Rate% for Industrial in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Separate electrical meters and addresses support independent occupancy or ownership of the two-unit configuration.
Where is this flex space located?
The property is located at 5804 ARLINGTON Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 7,491‑square‑foot flex property with two separate units; Each unit has its own electrical meter and separate address; 1958 building with block, concrete, and stucco construction
