Two-Building Office
New
For Sale
$3,000,000
6851 SOUTHPOINT Parkway, Jacksonville, FL 32216
Commercial Sale, JACKSONVILLE, FL
Property Size13,086 SF
Lot Size9.13 Acres
Price / SF$229.25
Days on Market1
Property Features for 6851 SOUTHPOINT Parkway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
IBP
Subdivision
SOUTHSIDE FARMS R/P PT
Lot features
Central Business District, City Limits, Landscaped, Oversized Lot
Directions
I-95 to Exit 344/JTB East. Exit at Belfort Road and travel north. Turn left onto Southpoint Drive North, then left onto Southpoint Parkway. Property will be on the right at 6851 Southpoint Parkway.
Standard status
Active
APN
152854-1910
Size
13,086 SF
Lot size
9.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
14-99 50-3S-27E 9.135 R/P PT SOUTHSIDE FARMS PT TRACT 5 RECD O/R 14382-359 BEING PARCEL A
Tax Annual Amount
48987
Legal Description
14-99 50-3S-27E 9.135 R/P PT SOUTHSIDE FARMS PT TRACT 5 RECD O/R 14382-359 BEING PARCEL A
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2009
Building materials
Stucco
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS REALTY ATLANTIC PARTNERS (ST. AUG)
(904) 797-7442
Listed By:
Frank Perez-Andreu · License #BK3299624
(904) 501-9896
Added: Sep 14
Last Checked: Sep 14 at 8:06PM
MLS# FC321435
Copyright © 2026 Stellar MLS. 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.
This office property includes two separate commercial buildings totaling approximately 13,086 square feet. Building One contains approximately 5,264 square feet, while Building Two offers approximately 7,822 square feet. Both structures are in grey-shell condition, allowing interior layouts and finishes to be tailored to specific operational requirements. The site includes 50 paved parking spaces, with 15 serving Building One and 35 serving Building Two. Construction dates to 2009, and the property includes stucco exteriors, shingle roofing, electricity, public water, and public sewer.
Located in Jacksonville’s Southpoint business corridor, the property is positioned near I-95 and J. Turner Butler Boulevard. The surrounding business area includes professional offices, healthcare providers, hotels, restaurants, financial institutions, and other business services. IBP zoning applies to the property, which is offered as-is. Any proposed uses, construction, expansion, or redevelopment remain subject to zoning, permitting, utility capacity, environmental review, and governmental approvals.
Located in Jacksonville’s Southpoint business corridor, the property is positioned near I-95 and J. Turner Butler Boulevard. The surrounding business area includes professional offices, healthcare providers, hotels, restaurants, financial institutions, and other business services. IBP zoning applies to the property, which is offered as-is. Any proposed uses, construction, expansion, or redevelopment remain subject to zoning, permitting, utility capacity, environmental review, and governmental approvals.
Key Highlights
- Two office buildings totaling approximately 13,086 SF
- Building One: approximately 5,264 SF with 15 paved parking spaces
- Building Two: approximately 7,822 SF with 35 paved parking spaces
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
$188,203
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
6.27%
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%
$3,764,060
$3.8M
Cap Rate 7%
$2,688,614
$2.7M
Cap Rate 9%
$2,091,144
$2.1M
Market Conditions
NOI Build-Up for 13,086 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
$314.1K $24.00/SF
− Vacancy
−$63.1K −$4.82/SF
EGI
$250.9K $19.18/SF
− OpEx
−$62.7K −$4.79/SF
NOI
$188.2K $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%
$3,764,060
Cap Rate 7%
$2,688,614
Cap Rate 9%
$2,091,144
Alternative Uses
Best Use
Office B
$2.69M
$2.35M – $3.14M
NOI $188,203 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.58M
$3.14M – $4.18M
NOI $250,937 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,102
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Jacksonville, FL
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Frequently Asked Questions
What type of property is this?
Office building - Grey-shell office buildings with public utilities and IBP zoning support flexible interior planning for future occupants.
Where is this office building located?
The property is located at 6851 SOUTHPOINT Parkway Jacksonville, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Two office buildings totaling approximately 13,086 SF; Building One: approximately 5,264 SF with 15 paved parking spaces; Building Two: approximately 7,822 SF with 35 paved parking spaces
