Single-Level Office
For Sale
$410,000
6100 GREENLAND Road 603, Jacksonville, FL 32258
Professional office condominium with private offices, conference space, kitchenette, and accessible restroom in an IL-zoned setting.
Property Size1,096 SF
Days on Market10
Property Features for 6100 GREENLAND Road 603
General Information
Standard status
Active
Size
1,096 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$4,005
Building Details
Building Size
1,096 SF
Year Built
2017
Listing Agency:
UNITED REAL ESTATE GALLERY
(904) 222-5351
Listed By:
TYRONE JACKSON
Source:
Houseandhavenrealty
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 30 at 9:24PM
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 UNITED REAL ESTATE GALLERY
Investment Insights
Based on property information with market context.
This 1,096 heated SF office condominium occupies a single-level suite within Greenland Commerce Center. The layout includes a reception area, multiple private offices, a conference room, kitchenette and break area, plus an accessible restroom. Constructed in 2017, the space features durable flooring, natural light and finished interiors suited to professional office operations.
The property is zoned IL and offers access to I-95 and I-295, with Baptist Medical Center South, Flagler Center, Bartram Park and Durbin among the surrounding destinations. Furniture shown in the suite is excluded from the real estate sale, although separate negotiation may be possible.
The property is zoned IL and offers access to I-95 and I-295, with Baptist Medical Center South, Flagler Center, Bartram Park and Durbin among the surrounding destinations. Furniture shown in the suite is excluded from the real estate sale, although separate negotiation may be possible.
Key Highlights
- 1,096 heated SF office condominium
- Single‑level layout with reception area, private offices and conference room
- Kitchenette, break area and accessible restroom
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
$15,763
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
3.84%
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%
$315,260
$315.3K
Cap Rate 7%
$225,186
$225.2K
Cap Rate 9%
$175,144
$175.1K
Market Conditions
NOI Build-Up for 1,096 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
$26.3K $24.00/SF
− Vacancy
−$5.3K −$4.82/SF
EGI
$21.0K $19.18/SF
− OpEx
−$5.3K −$4.79/SF
NOI
$15.8K $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%
$315,260
Cap Rate 7%
$225,186
Cap Rate 9%
$175,144
Alternative Uses
Best Use
Office B
$225.2K
$197.0K – $262.7K
NOI $15,763 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$300.2K
$262.7K – $350.3K
NOI $21,017 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 32258, FL
37,859
Population
16,257
Households
2.3
Avg Household Size
38
Median Age
44%
College-Educated
97%
High-School Grad
17.8 sq mi
ZIP Area
2,127
Density / Sq Mi
$99,764
Median Household Income
$55,736
Median Earnings
$1,849
Median Rent
$347,500
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?
Office units - Professional office condominium with private offices, conference space, kitchenette, and accessible restroom in an IL-zoned setting.
Where is this office units located?
The property is located at 6100 GREENLAND Road 603 Jacksonville, FL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 1,096 heated SF office condominium; Single‑level layout with reception area, private offices and conference room; Kitchenette, break area and accessible restroom
