Single-Level Office
For Sale
$410,000
6100 GREENLAND Road Unit 603, Jacksonville, FL 32258
Professional suite with private offices, conference space, kitchenette, and accessible restroom.
Property Size1,096 SF
Price / SF$374.09
Days on Market10
Property Features for 6100 GREENLAND Road Unit 603
General Information
Standard status
Active
Size
1,096 SF
Zoning
IL
Additional Details
Furnished
No
Highway Access
Yes
Office Units
1
Building Details
Year Built
2017
Listing Agency:
UNITED REAL ESTATE GALLERY
Listed By:
TYRONE JACKSON
Source:
Endlesssummerrealty
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 30 at 5:41PM
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 office condominium provides 1,096 heated SF in a single-level layout completed in 2017. The interior includes a reception area, multiple private offices, a conference room, kitchenette and break area, plus an accessible restroom. Natural light, durable flooring and finished interiors contribute to a practical professional setting. Furniture shown in the space is excluded from the real estate sale, though it may be negotiated separately.
The suite is zoned IL and offers access to I-95 and I-295. Baptist Medical Center South, Flagler Center, Bartram Park and Durbin are also identified among the surrounding destinations. The configuration is suited to legal, financial, consulting, administrative and other professional users, subject to verification of zoning, permitted uses, measurements and association information.
The suite is zoned IL and offers access to I-95 and I-295. Baptist Medical Center South, Flagler Center, Bartram Park and Durbin are also identified among the surrounding destinations. The configuration is suited to legal, financial, consulting, administrative and other professional users, subject to verification of zoning, permitted uses, measurements and association information.
Key Highlights
- 1,096 heated SF office condominium
- Single‑level layout with reception area and multiple private offices
- Spacious 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
Lease Details
1
Office units
Yes
Highway access
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 suite with private offices, conference space, kitchenette, and accessible restroom.
Where is this office units located?
The property is located at 6100 GREENLAND Road Unit 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 and multiple private offices; Spacious conference room, kitchenette/break area and accessible restroom
