Equipped
New
For Sale
$900,000
600 PARK Street, Jacksonville, FL 32204
Commercial Sale, Jacksonville, FL
Property Size3,144 SF
Price / SF$286.26
Days on Market2
Property Features for 600 PARK Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Assigned
Subdivision
Brooklyn
Lot features
Corner Lot, Historic Area
Directions
From the I-95 heading north from downtown, take the Park Street exit. Take a right turn at Park street go to Home 2 Suites Hotel on the left side of road, take a left at Roselle St. , property on the corner. Players Grille.
Standard status
Active
APN
0903940100
Size
3,144 SF
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2024
Listing Agency:
THE LEGENDS OF REAL ESTATE
(904) 595-5959
Listed By:
ED SANTIAGO · License #684021
(904) 349-8292
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 1 at 8:06PM
MLS# 2167200
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 3,144-square-foot restaurant was built in 2024 and is offered with restaurant equipment in place. Central heating and central air conditioning serve the building, and parking is assigned.
The property is connected to public water and public sewer and is located in Jacksonville, Florida.
The property is connected to public water and public sewer and is located in Jacksonville, Florida.
Key Highlights
- 3,144‑square‑foot restaurant building
- Built in 2024
- Restaurant equipment is in place
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
$46,858
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
5.21%
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%
$937,160
$937.2K
Cap Rate 7%
$669,400
$669.4K
Cap Rate 9%
$520,644
$520.6K
Market Conditions
NOI Build-Up for 3,144 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
$67.9K $21.60/SF
− Vacancy
−$5.4K −$1.73/SF
EGI
$62.5K $19.87/SF
− OpEx
−$15.6K −$4.97/SF
NOI
$46.9K $14.90/SF
Area
Jacksonville, FL
Vacancy
8.00%
Lease Rate
$21.60 /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%
$937,160
Cap Rate 7%
$669,400
Cap Rate 9%
$520,644
Alternative Uses
Best Use
Specialty Retail
$669.4K
$585.7K – $781.0K
NOI $46,858 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$861.3K
$753.6K – $1.00M
NOI $60,289 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,814
Businesses Nearby
110k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 30%
Groceries 18%
Hotels & Casinos 5%
The Fresh Market
Groceries
19,620 visits/mo
0.5 miles
Wendy's
Dining
15,568 visits/mo
0.5 miles
VyStar Credit Union
Shops & Services
12,223 visits/mo
0.3 miles
First Watch
Dining
9,812 visits/mo
0.5 miles
Another Broken Egg Cafe
Dining
7,965 visits/mo
0.4 miles
Demographics for 32204, FL
8,673
Population
5,342
Households
1.6
Avg Household Size
39
Median Age
41%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,212
Density / Sq Mi
$54,462
Median Household Income
$47,872
Median Earnings
$1,132
Median Rent
$342,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - A ready-equipped restaurant property with central heating and air conditioning and assigned parking.
Where is this conventional restaurant located?
The property is located at 600 PARK Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 3,144‑square‑foot restaurant building; Built in 2024; Restaurant equipment is in place
