Jacksonville Retail Property for
For Sale
$862,654
Pending
6126 ATLANTIC Boulevard, Jacksonville, FL 32211
Retail property available for purchase in Jacksonville, Florida.
Property Size2,965 SF
Days on Market164
Property Features for 6126 ATLANTIC Boulevard
General Information
Standard status
Pending
Size
2,965 SF
Taxes and HOA fees
Annual Taxes
$7,856
Amenities
Fenced, Lobby, Lounge, Medical, Office, Public Restroom, Rear Access
Visitor Bathroom
Central Air, Multi Units, Zoned, Heat Pump
Central
Fenced
Additional Parking, Parking Lot
Building Details
Year Built
1947
Stories
3
Listing Agency:
REALTY ONE GROUP ELEVATE
(904) 439-9842
Listed By:
TANYA COSMINI · License #3415561
(904) 439-9842
Source:
Evrealestate
Added: Mar 22
Changed: Aug 31
Last Checked: Sep 1 at 2:38PM
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 REALTY ONE GROUP ELEVATE
Investment Insights
Based on property information with market context.
Located off the corner of University and Atlantic Boulevard, this retail property is situated on the south side of Atlantic Boulevard when headed East. The property, located at 6126 Atlantic Boulevard, Jacksonville, FL 32211, offers approximately 2965 square feet of space within Duval County.
Key Highlights
- Central air conditioning with multiple units and zoned control.
- Heat pump for efficient heating and cooling.
- Fenced property.
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
$33,511
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
3.88%
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%
$670,220
$670.2K
Cap Rate 7%
$478,729
$478.7K
Cap Rate 9%
$372,344
$372.3K
Market Conditions
NOI Build-Up for 2,965 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
$53.4K $18.00/SF
− Vacancy
−$5.5K −$1.85/SF
EGI
$47.9K $16.15/SF
− OpEx
−$14.4K −$4.84/SF
NOI
$33.5K $11.30/SF
Area
Jacksonville, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$670,220
Cap Rate 7%
$478,729
Cap Rate 9%
$372,344
Alternative Uses
Best Use
Retail
$478.7K
$418.9K – $558.5K
NOI $33,511 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$812.2K
$710.7K – $947.6K
NOI $56,857 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
75k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 59%
Shops & Services 23%
Dining 18%
Publix
Groceries
44,070 visits/mo
0.2 miles
Dollar Tree
Shops & Services
14,797 visits/mo
0.1 miles
Wendy's
Dining
9,575 visits/mo
0.1 miles
Regions Bank
Shops & Services
2,622 visits/mo
0.4 miles
Pizza Hut
Dining
2,453 visits/mo
0.3 miles
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 Retail in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail property available for purchase in Jacksonville, Florida.
Where is this storefront property located?
The property is located at 6126 ATLANTIC Boulevard Jacksonville, FL.
What is the asking price?
The asking price for this property is $862,654.
What are key features of this property?
This property features: Central air conditioning with multiple units and zoned control.; Heat pump for efficient heating and cooling.; Fenced property.
