Stabilized Medical Office
For Sale
Contact for pricing
7011 A C Skinner Pkwy, Jacksonville, FL 32256
Built in 2000 and 100% occupied, featuring a new ambulatory surgery center scheduled to open in Q1 2026.
Property Size58,102 SF
Price / SF$430.28
Days on Market285
Property Features for 7011 A C Skinner Pkwy
General Information
Standard status
Active
Size
58,102 SF
Property subtype
OFFICE
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Year Built
2000
Tenancy
Multi
Listing Agency:
NAI Hallmark | Jacksonville
(904) 363-9002
Listed By:
Daniel Burkhardt · License #3260896
(904) 404-4455
Source:
Moodyscre
Added: Dec 4, 2025
Changed: Sep 8
Last Checked: Sep 14 at 5:11AM
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 NAI Hallmark | Jacksonville
Investment Insights
Based on property information with market context.
This stabilized medical office building was built in 2000 and is 100% occupied by a diversified mix of medical and office tenants. Tenant roster includes First Coast Cardiovascular Institute, the Cohen Veterans Network, Reflections Wound Care, and a GSA-backed tenant. The property also includes a newly constructed ambulatory surgery center, with more than $7.1 million invested in buildout and equipment.
The ambulatory surgery center features two operating rooms and is scheduled to open in Q1 2026. The building is located in Jacksonville’s Southside, within close proximity to Ascension St. Vincent’s Southside Hospital.
The offer is presented as a fully leased asset with a Weighted Average Lease Term of 10+ years, supporting long-term tenancy and continuity.
The ambulatory surgery center features two operating rooms and is scheduled to open in Q1 2026. The building is located in Jacksonville’s Southside, within close proximity to Ascension St. Vincent’s Southside Hospital.
The offer is presented as a fully leased asset with a Weighted Average Lease Term of 10+ years, supporting long-term tenancy and continuity.
Key Highlights
- Built in 2000 medical office building; 100% occupied with a diversified medical and office tenant mix.
- New ambulatory surgery center: over $7.1M invested in buildout and equipment; scheduled to open Q1 2026.
- Weighted average lease term of 10+ years; tenancy includes FCCI, GSA‑backed tenant, Reflections Wound Care, and the Cohen Veterans Network.
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
$813,660
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
3.25%
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%
$16,273,200
$16.3M
Cap Rate 7%
$11,623,714
$11.6M
Cap Rate 9%
$9,040,667
$9.0M
Market Conditions
NOI Build-Up for 58,102 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
$1.39M $24.00/SF
− Vacancy
−$309.6K −$5.33/SF
EGI
$1.08M $18.67/SF
− OpEx
−$271.2K −$4.67/SF
NOI
$813.7K $14.00/SF
Area
ZIP 32256
Vacancy
22.20%
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%
$16,273,200
Cap Rate 7%
$11,623,714
Cap Rate 9%
$9,040,667
Alternative Uses
Best Use
Office B
$11.62M
$10.17M – $13.56M
NOI $813,660 @ 7.0% cap · market cap 3.25%
Second Best
Healthcare Medical
$11.04M
$9.66M – $12.88M
NOI $773,082 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$15.50M
$13.56M – $18.08M
NOI $1,084,881 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,393
Businesses Nearby
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Business Placement
Demographics for 32256, FL
53,611
Population
27,735
Households
1.9
Avg Household Size
37
Median Age
53%
College-Educated
97%
High-School Grad
61.4 sq mi
ZIP Area
873
Density / Sq Mi
$73,203
Median Household Income
$47,360
Median Earnings
$1,586
Median Rent
$360,200
Median Home Value
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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 - Built in 2000 and 100% occupied, featuring a new ambulatory surgery center scheduled to open in Q1 2026.
Where is this office building located?
The property is located at 7011 A C Skinner Pkwy Jacksonville, FL.
What is the asking price?
The asking price for this property is $25,000,000.
What are key features of this property?
This property features: Built in 2000 medical office building; 100% occupied with a diversified medical and office tenant mix.; New ambulatory surgery center: over $7.1M invested in buildout and equipment; scheduled to open Q1 2026.; Weighted average lease term of 10+ years; tenancy includes FCCI, GSA‑backed tenant, Reflections Wound Care, and the Cohen Veterans Network.
