Redeveloped Collision Repair
For Sale
Contact for pricing
6521 N Main Street, Jacksonville, FL 32208
Purpose-built automotive service facility with retail frontage, ample parking, and drive-around circulation.
Property Size17,607 SF
Price / SF$314.31
Days on Market22
Property Features for 6521 N Main Street
General Information
Standard status
Active
Size
17,607 SF
Property subtype
Retail, Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$315,437
Additional Details
Road Access
Yes
Amenities
drive-around access
retail frontage
premium finishes
Building Details
Year Built
1993
Year Renovated
2026
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Jacksonville
(407) 557-3824
Listed By:
Jake Vandenburg · License #SL3601186
Source:
Crexi
Added: Aug 11
Changed: Aug 31
Last Checked: Sep 1 at 3:13AM
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 Marcus & Millichap - Jacksonville
Investment Insights
Based on property information with market context.
The 17,607-square-foot automotive facility at 6521 N Main Street has been fully redeveloped for collision repair operations. Completed in 2026 through adaptive reuse of a former furniture showroom, the improvements include premium finishes, ample parking, and drive-around access. The property was originally built in 1993.
Gerber Collision & Glass occupies the facility under a 15-year NNN lease. The lease assigns substantially all operating expenses to the tenant and includes contractual rent increases during the primary term. Located in North Jacksonville, the property also benefits from retail frontage along N Main Street.
Gerber Collision & Glass occupies the facility under a 15-year NNN lease. The lease assigns substantially all operating expenses to the tenant and includes contractual rent increases during the primary term. Located in North Jacksonville, the property also benefits from retail frontage along N Main Street.
Key Highlights
- 17,607 SF collision repair facility
- 15‑year NNN lease with Gerber Collision & Glass
- Full redevelopment completed in 2026
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
$198,998
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
3.60%
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%
$3,979,960
$4.0M
Cap Rate 7%
$2,842,829
$2.8M
Cap Rate 9%
$2,211,089
$2.2M
Market Conditions
NOI Build-Up for 17,607 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
$316.9K $18.00/SF
− Vacancy
−$32.6K −$1.85/SF
EGI
$284.3K $16.15/SF
− OpEx
−$85.3K −$4.84/SF
NOI
$199.0K $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%
$3,979,960
Cap Rate 7%
$2,842,829
Cap Rate 9%
$2,211,089
Alternative Uses
Best Use
Retail
$2.84M
$2.49M – $3.32M
NOI $198,998 @ 7.0% cap · market cap 3.60%
Second Best
Industrial
$1.40M
$1.22M – $1.63M
NOI $97,835 @ 7.0% cap · market cap 1.77%
Theoretical Best
Office A
$4.82M
$4.22M – $5.63M
NOI $337,632 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
53k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Groceries 27%
Dining 7%
Electronics 3%
Harveys Supermarket
Groceries
14,267 visits/mo
0.3 miles
Dollar Tree
Shops & Services
9,443 visits/mo
0.2 miles
Mobil
Shops & Services
6,653 visits/mo
0.4 miles
Dollar General
Shops & Services
5,770 visits/mo
0.2 miles
Sunoco
Shops & Services
4,557 visits/mo
0.2 miles
Demographics for 32208, FL
33,286
Population
15,218
Households
2.2
Avg Household Size
40
Median Age
15%
College-Educated
84%
High-School Grad
11.5 sq mi
ZIP Area
2,894
Density / Sq Mi
$39,873
Median Household Income
$31,845
Median Earnings
$1,180
Median Rent
$139,500
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 - Purpose-built automotive service facility with retail frontage, ample parking, and drive-around circulation.
Where is this auto shop located?
The property is located at 6521 N Main Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $5,533,982.
What are key features of this property?
This property features: 17,607 SF collision repair facility; 15‑year NNN lease with Gerber Collision & Glass; Full redevelopment completed in 2026
