Office Units with Pond
For Sale
$599,900
6817 SOUTHPOINT Parkway, Jacksonville, FL 32216
Commercial Sale, Jacksonville, FL
Property Size1,180 SF
Lot Size0.03 Acres
Price / SF$508.39
Days on Market97
Property Features for 6817 SOUTHPOINT Parkway
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot
Accessibility
Accessible Approach with Ramp
Lot features
Dead End Street, Few Trees
Directions
Heading west on JTB from I-295, turn right onto Belfort Road. Take a left onto Southpoint Parkway South, then turn right into the office park. Building 9 is located toward the back of the office park near the water.
Subdivision
022-Grove Park/Sans Souci
Standard status
Active
APN
1528546160
Size
1,180 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3692
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Well
Water front features
Pond
Amenities
gazebo
Building Details
Year built
2004
Floors in Building
1
Flooring type
Tile, Wood, Vinyl
Building materials
Brick
Roof type
Shingle
Listing Agency:
THE LEGENDS OF REAL ESTATE
(904) 595-5959
Listed By:
MELISSA KEHRES
(904) 410-7800
Added: May 28
Changed: Aug 19
Last Checked: Sep 1 at 7:06PM
MLS# 2147509
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Suites 901 and 902 comprise professional office units in a brick building completed in 2004. Each suite includes four private offices, a reception area, and one restroom, with tile, vinyl, and wood flooring across the interiors. Central heating and central air conditioning support year-round workspace comfort, while an accessible approach with ramp serves the property.
Rear offices face a pond and wooded setting, adding a water-oriented outlook to the work environment. A gazebo is located nearby, and parking is provided in an on-site lot on a first-come, first-served basis for tenants and guests. The property also has public sewer, well water, cable availability, and a shingle roof.
Rear offices face a pond and wooded setting, adding a water-oriented outlook to the work environment. A gazebo is located nearby, and parking is provided in an on-site lot on a first-come, first-served basis for tenants and guests. The property also has public sewer, well water, cable availability, and a shingle roof.
Key Highlights
- Suites 901 and 902 with four private offices in each suite
- Rear offices overlook a pond and wooded setting
- Reception area and one restroom included in each suite
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
$16,971
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
2.83%
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%
$339,420
$339.4K
Cap Rate 7%
$242,443
$242.4K
Cap Rate 9%
$188,567
$188.6K
Market Conditions
NOI Build-Up for 1,180 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
$28.3K $24.00/SF
− Vacancy
−$5.7K −$4.82/SF
EGI
$22.6K $19.18/SF
− OpEx
−$5.7K −$4.79/SF
NOI
$17.0K $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%
$339,420
Cap Rate 7%
$242,443
Cap Rate 9%
$188,567
Alternative Uses
Best Use
Office B
$242.4K
$212.1K – $282.9K
NOI $16,971 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$323.3K
$282.9K – $377.1K
NOI $22,628 @ 7.0% cap · market cap 3.77%
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
1,384
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 - Two professional suites offer private offices, reception areas, restrooms, and a pond-facing rear outlook.
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 with four private offices in each suite; Rear offices overlook a pond and wooded setting; Reception area and one restroom included in each suite
