Freestanding Office
New
For Sale
$3,000,000
6851 Southpoint Pkwy, Jacksonville, FL 32216
COMMERCIAL/INDUSTRIAL, Jacksonville, FL
Property Size13,086 SF
Lot Size9.14 Acres
Price / SF$229.25
Days on Market2
Property Features for 6851 Southpoint Pkwy
General Information
Property type
Commercial Sale
Property subtype
Office
Exterior features
Onsite Parking, Paved Parking
Lot features
City Limits, Office Complex
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.
Subdivision
18 - Duval County
Standard status
Active
APN
152854-1910
Lot size
9.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
14-99 50-3S-27E 9.135 R/P PT SOUTHSIDE FARMS PT TR
Tax Annual Amount
48987
Legal Description
14-99 50-3S-27E 9.135 R/P PT SOUTHSIDE FARMS PT TR
Utilities
Water source
Public
Building Details
Year built
2009
Floors in Building
1
Roof type
Composition
Listing Agency:
Keller Williams Realty Atlantic Partners St Augustine
(904) 797-7442
Listed By:
Frank Perez-Andreu · License #3299624
(904) 501-9896
Added: Sep 14
Last Checked: Sep 15 at 3:06AM
MLS# 264087
Copyright © 2026 St. Augustine & St. John's County Board of Realtors. 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 freestanding grey-shell buildings totaling approximately 13,086 square feet on 9.135 acres. Building One contains approximately 5,264 square feet and 15 paved parking spaces, while Building Two offers approximately 7,822 square feet with 35 paved spaces. The unfinished interiors allow configuration around the operational requirements of an owner or occupant. The property is offered as-is and was built in 2009, with a composition roof and public water service.
Located at 6851 Southpoint Parkway in Jacksonville’s Southpoint business corridor, the site is near I-95 and J. Turner Butler Boulevard. The surrounding area includes professional offices, healthcare providers, hotels, restaurants, financial institutions, and business services. Zoned IBP, the property’s additional land and any future improvements remain subject to applicable zoning, permitting, utility capacity, environmental review, and governmental approvals.
Located at 6851 Southpoint Parkway in Jacksonville’s Southpoint business corridor, the site is near I-95 and J. Turner Butler Boulevard. The surrounding area includes professional offices, healthcare providers, hotels, restaurants, financial institutions, and business services. Zoned IBP, the property’s additional land and any future improvements remain subject to applicable zoning, permitting, utility capacity, environmental review, and governmental approvals.
Key Highlights
- Two office buildings total approximately 13,086 SF on 9.135 acres
- 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
Lease Details
Yes
Highway access
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
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 interiors provide a flexible starting point for customized commercial buildouts.
Where is this office building located?
The property is located at 6851 Southpoint Pkwy 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 total approximately 13,086 SF on 9.135 acres; Building One: approximately 5,264 SF with 15 paved parking spaces; Building Two: approximately 7,822 SF with 35 paved parking spaces
