14-Bay Automotive Service
New
For Sale
$1,250,000
6211 Blanding Boulevard, Jacksonville, FL 32244
Established automotive facility with specialized service equipment, office support, and tenant occupancy in place.
Property Size10,376 SF
Lot Size0.58 Acres
Price / SF$120.47
Days on Market2
Property Features for 6211 Blanding Boulevard
General Information
Standard status
Active
Size
10,376 SF
Total Parking Spaces
30
Lot size
0.58 Acres
Zoning
CCG-2
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
the Floor need repair
Additional Details
Road Access
Yes
Service Bays
14
Amenities
5 hydraulic lifts
2 hydraulic floor lifts
2 - 200 amp breaker panels
Parts storage room
included office furniture
300-gal air compressor
150-gal backup compressor
250-gal oil tank
4 bathrooms
New AC for the office
new signage
new security cameras
Building Details
Year Built
1986
Listing Agency:
FORWARD REAL ESTATE INVESTMENT GROUP LLC
Listed By:
LARRY BOYLES · License #3279114
(904) 655-7778
Source:
Onewinningteam
Added: Sep 4
Last Checked: Sep 4 at 2:09PM
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 FORWARD REAL ESTATE INVESTMENT GROUP LLC
Investment Insights
Based on property information with market context.
This automotive service property includes 10,376 square feet on a 0.58-acre lot, with 14 service bays and equipment configured for repair operations. Improvements include five hydraulic lifts, two hydraulic floor lifts, two 200-amp breaker panels, a 300-gallon air compressor with a 150-gallon backup compressor, and a 250-gallon oil tank. The property also provides a parts storage room, included office furniture, four bathrooms, and capacity for 25-30 vehicles.
Located at 6211 Blanding Boulevard in Jacksonville, Florida, the property is zoned CCG-2 and was built in 1986. Recent improvements include a new office AC system, new signage, and new security cameras. A tenant is currently in place.
Located at 6211 Blanding Boulevard in Jacksonville, Florida, the property is zoned CCG-2 and was built in 1986. Recent improvements include a new office AC system, new signage, and new security cameras. A tenant is currently in place.
Key Highlights
- 10,376‑square‑foot automotive facility on a 0.58‑acre lot
- 14 service bays with capacity for 25‑30 vehicles
- Five hydraulic lifts plus two hydraulic floor lifts
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
$57,655
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
4.61%
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%
$1,153,100
$1.2M
Cap Rate 7%
$823,643
$823.6K
Cap Rate 9%
$640,611
$640.6K
Market Conditions
NOI Build-Up for 10,376 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
$87.2K $8.40/SF
− Vacancy
−$4.8K −$0.46/SF
EGI
$82.4K $7.94/SF
− OpEx
−$24.7K −$2.38/SF
NOI
$57.7K $5.56/SF
Area
ZIP 32244
Vacancy
5.50%
Lease Rate
$8.40 /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%
$1,153,100
Cap Rate 7%
$823,643
Cap Rate 9%
$640,611
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.96M
NOI $117,664 @ 7.0% cap · market cap 9.41%
Second Best
Industrial
$823.6K
$720.7K – $960.9K
NOI $57,655 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$2.77M
$2.42M – $3.23M
NOI $193,741 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Service bays
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
22k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 45%
Apparel 45%
Shops & Services 10%
Hall's Ace Hardware
Home Improvements & Furnishings
9,821 visits/mo
0.5 miles
Goodwill
Apparel
9,671 visits/mo
0.1 miles
U-Haul
Shops & Services
2,199 visits/mo
0.1 miles
Demographics for 32244, FL
63,292
Population
26,250
Households
2.4
Avg Household Size
36
Median Age
24%
College-Educated
92%
High-School Grad
23.6 sq mi
ZIP Area
2,682
Density / Sq Mi
$61,652
Median Household Income
$39,064
Median Earnings
$1,366
Median Rent
$221,400
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?
Auto shop - Established automotive facility with specialized service equipment, office support, and tenant occupancy in place.
Where is this auto shop located?
The property is located at 6211 Blanding Boulevard Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 10,376‑square‑foot automotive facility on a 0.58‑acre lot; 14 service bays with capacity for 25‑30 vehicles; Five hydraulic lifts plus two hydraulic floor lifts
