Two-Suite Office
For Sale
$599,900
6817 SOUTHPOINT Parkway, Jacksonville, FL 32216
Professional workspace offers private offices, reception areas, and views toward a pond and wooded setting.
Property Size2,280 SF
Price / SF$263.11
Days on Market100
Property Features for 6817 SOUTHPOINT Parkway
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Office
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$3,692
Amenities
gazebo
3
Shingle
Pond
Pond. Dead End Street, City Road.
Building Details
Year Built
2004
Listing Agency:
THE LEGENDS OF REAL ESTATE
(904) 410-7800
Listed By:
MELISSA KEHRES
(904) 410-7800
Source:
Xome
Added: May 24
Changed: Aug 24
Last Checked: Aug 30 at 1:53PM
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 THE LEGENDS OF REAL ESTATE
Investment Insights
Based on property information with market context.
Southpoint Office Park includes Suites 901 and 902, offering a combined 2,280 square feet of office space. Each suite is arranged with four private offices, a restroom, and a reception area, creating a practical configuration for professional operations. The property was built in 2004.
Rear offices face a pond and wooded surroundings, while a nearby gazebo provides an outdoor amenity for occupants. First-come, first-served parking is available for tenants and guests. The suites are located at 6817 Southpoint Parkway in Jacksonville, Florida.
Rear offices face a pond and wooded surroundings, while a nearby gazebo provides an outdoor amenity for occupants. First-come, first-served parking is available for tenants and guests. The suites are located at 6817 Southpoint Parkway in Jacksonville, Florida.
Key Highlights
- Suites 901 and 902 provide a combined 2,280 square feet of office space
- Each suite includes four private offices, one restroom, and a reception area
- Rear offices overlook a pond and wooded setting
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
$32,791
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
5.47%
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%
$655,820
$655.8K
Cap Rate 7%
$468,443
$468.4K
Cap Rate 9%
$364,344
$364.3K
Market Conditions
NOI Build-Up for 2,280 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
$54.7K $24.00/SF
− Vacancy
−$11.0K −$4.82/SF
EGI
$43.7K $19.18/SF
− OpEx
−$10.9K −$4.79/SF
NOI
$32.8K $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%
$655,820
Cap Rate 7%
$468,443
Cap Rate 9%
$364,344
Alternative Uses
Best Use
Office B
$468.4K
$409.9K – $546.5K
NOI $32,791 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$624.6K
$546.5K – $728.7K
NOI $43,721 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
2,199
Businesses Nearby
Explore this area
Business Placement
Demographics for 32216, FL
42,847
Population
19,796
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
12.7 sq mi
ZIP Area
3,374
Density / Sq Mi
$63,253
Median Household Income
$44,078
Median Earnings
$1,311
Median Rent
$244,800
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 workspace offers private offices, reception areas, and views toward a pond and wooded setting.
Where is this office units located?
The property is located at 6817 SOUTHPOINT Parkway Jacksonville, FL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Suites 901 and 902 provide a combined 2,280 square feet of office space; Each suite includes four private offices, one restroom, and a reception area; Rear offices overlook a pond and wooded setting
