Office Units with Pond
For Sale
$599,900
6817 Southpoint Pkwy Unit 901, Jacksonville, FL 32216
Two professional suites offer private offices, reception areas, restrooms, and access to shared parking.
Property Size1,180 SF
Price / SF$508.39
Days on Market166
Property Features for 6817 Southpoint Pkwy Unit 901
General Information
Standard status
Active
Size
1,180 SF
Property subtype
Commercial
Building Details
Year Built
2004
Listing Agency:
THE LEGENDS OF REAL ESTATE
(904) 410-7800
Listed By:
MELISSA KEHRES
Source:
Myfirstcoasthomesearch
Added: Mar 19
Changed: Aug 30
Last Checked: Aug 30 at 6:18PM
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.
Suites 901 and 902 at Southpoint Office Park are offered together as a professional office configuration. Each suite includes four private offices, a restroom, and a reception area, creating a practical layout for day-to-day business operations. Rear offices face a pond and wooded surroundings, while a nearby gazebo adds an outdoor retreat for occupants.
The property was built in 2004 and provides first-come, first-served parking for tenants and guests. The suites are located at 6817 Southpoint Pkwy in Jacksonville, Florida.
The property was built in 2004 and provides first-come, first-served parking for tenants and guests. The suites are located at 6817 Southpoint Pkwy in Jacksonville, Florida.
Key Highlights
- Two office suites offered together at Southpoint Office Park
- Each suite includes 4 private offices, 1 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
$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
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 - Two professional suites offer private offices, reception areas, restrooms, and access to shared parking.
Where is this office units located?
The property is located at 6817 Southpoint Pkwy Unit 901 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: Two office suites offered together at Southpoint Office Park; Each suite includes 4 private offices, 1 restroom, and a reception area; Rear offices overlook a pond and wooded setting
