Renovated Auto Shop
New
For Sale
$5,533,982
6521 North Main Street, Jacksonville, FL 32208
Recently upgraded automotive service facility occupied under a new long-term NNN lease.
Property Size17,607 SF
Price / SF$314.31
Days on Market7
Property Features for 6521 North Main Street
General Information
Standard status
Active
Size
17,607 SF
Property subtype
Auto Service - Gas-Conv
Lease Type
NNN
Additional Details
Cap Rate
5.7%
Amenities
15-Year NNN Lease. Minimal Landlord Responsibilities
17,607 SF State-of-the-Art Collision Repair Facility
1.76 Acres Ample Parking And Drive-Around Access
Renovated 2026. Full Redevelopment With Premium Finishes
North Jacksonville Location With Retail Frontage
Building Details
Building Size
17,607 SF
Listing Agency:
Marcus & Millichap - Orlando
(407) 557-3824
Listed By:
Scott Gould · License #License(s): FL: SL3288412
(407) 557-3824
Source:
Marcusmillichap
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 21 at 4:03AM
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 - Orlando
Investment Insights
Based on property information with market context.
This 17,607-square-foot auto shop facility in Jacksonville, Florida, has undergone recent renovation and is occupied by Gerber Collision & Glass. The property is subject to a new 15-year NNN lease, providing a defined lease term and structure for the automotive service asset.
Located at 6521 North Main Street, the facility combines an established collision-repair occupant with a specialized commercial building configuration. The property is offered for sale as an automotive-focused investment.
Located at 6521 North Main Street, the facility combines an established collision-repair occupant with a specialized commercial building configuration. The property is offered for sale as an automotive-focused investment.
Key Highlights
- 17,607 SF automotive service facility
- Recently renovated building
- Gerber Collision & Glass occupant
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
Current Use
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
386
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Samsonite
Shops & Services
386 visits/mo
0.5 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Recently upgraded automotive service facility occupied under a new long-term NNN lease.
Where is this auto shop located?
The property is located at 6521 North 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 automotive service facility; Recently renovated building; Gerber Collision & Glass occupant
