Unique Two-Story Commercial
For Sale
$460,000
6100 Greenland Road Unit 403, Jacksonville, FL 32258
For Sale: 6100 Greenland Rd Unit 403 – Unique Two-Story Commercial Suite in Prime Jacksonville Location
Property Size1,334 SF
Price / SF$344.83
Days on Market427
Property Features for 6100 Greenland Road Unit 403
General Information
Standard status
Active
Property type
Medical Office Space, Office Units, Other industrial properties, Office Spaces, Industrial properties
Size
1,334 SF
Net Rentable
1,334 SF
Class
B
Total Parking Spaces
19
Elevators
No
Occupancy
100%
Sale Condition
1031 Exchange
Investment Type
Owner User
Building Details
Year Built
2018
Buildings
1
Stories
2
Listing Agency:
(904) 222-5351
Listed By:
Tyrone
(904) 222-5351
Added: Jun 30, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This uniquely designed two-story commercial suite is situated just off I-295 on Greenland Rd in Jacksonville. The location is surrounded by established residential communities, medical hubs, and professional centers, offering convenience and visibility. The layout features a reception and waiting area, four private offices, a flex space upstairs, two bathrooms, a break room, and two separate entrances. The property also includes a fenced-in rear patio. The suite is designed to accommodate up to three separate tenants, with two private entrances, multiple offices, and an upstairs flex space. It is strategically located near Philips Hwy and Baptist South Hospital in a growing commercial and residential zone. The Greenland Rd professional complexes enjoy historically low vacancy rates due to limited supply and proximity to key employment and healthcare centers. The fenced rear patio supports medical-grade compressor placement or doubles as a break area. The property is well-maintained and move-in ready for most office users. Medical offices, therapy clinics, consulting firms, education services, and administrative operations will find this layout and location ideal. The property size is 1334 PropertySizeUnits.
Key Highlights
- Multi‑Tenant Potential:
- Thoughtfully designed to accommodate up to three separate tenants, with two private entrances, multiple offices, and an upstairs flex space—ideal for shared or segmented professional use.
- High‑Demand Corridor:
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
$21,611
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
4.70%
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%
$432,220
$432.2K
Cap Rate 7%
$308,729
$308.7K
Cap Rate 9%
$240,122
$240.1K
Market Conditions
NOI Build-Up for 1,334 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
$40.0K $30.00/SF
− Vacancy
−$4.0K −$3.00/SF
EGI
$36.0K $27.00/SF
− OpEx
−$14.4K −$10.80/SF
NOI
$21.6K $16.20/SF
Area
Jacksonville, FL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
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%
$432,220
Cap Rate 7%
$308,729
Cap Rate 9%
$240,122
Alternative Uses
Best Use
Healthcare Medical
$308.7K
$270.1K – $360.2K
NOI $21,611 @ 7.0% cap · market cap 4.70%
Second Best
Office B
$274.1K
$239.8K – $319.8K
NOI $19,186 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$365.4K
$319.8K – $426.4K
NOI $25,581 @ 7.0% cap · market cap 5.56%
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
Balanced
Demand for This Use
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?
Medical Office Space - For Sale: 6100 Greenland Rd Unit 403 – Unique Two-Story Commercial Suite in Prime Jacksonville Location
Where is this medical office space located?
The property is located at 6100 Greenland Road Unit 403 Jacksonville, FL.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Multi‑Tenant Potential:; Thoughtfully designed to accommodate up to three separate tenants, with two private entrances, multiple offices, and an upstairs flex space—ideal for shared or segmented professional use.; High‑Demand Corridor:
