Office Building for
For Sale
$849,500
Pending
711 MARGARET Street, Jacksonville, FL 32204
For sale office building in Duval County with practical access from I-10 and nearby streets.
Property Size4,490 SF
Days on Market113
Property Features for 711 MARGARET Street
General Information
Standard status
Pending
Size
4,490 SF
Zoning
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,483
Amenities
Lobby, Meeting Room, Office, Private Restroom, Reception Area
Central Air, Electric, Multi Units, Ceiling Fan(s), Heat Pump
Central, Electric
Chain Link, Wood
Additional Parking, Off Street, Parking Lot
Building Details
Year Built
1958
Stories
1
Listing Agency:
SPECTRUM REALTY SERVICES
(904) 387-6433
Listed By:
WANDA FRANKLIN · License #0583157
Source:
Evrealestate
Added: May 11
Changed: Aug 23
Last Checked: Aug 22 at 3:59AM
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 SPECTRUM REALTY SERVICES
Investment Insights
Based on property information with market context.
This for-sale office building is listed at 4,490 square feet and is suitable for a range of professional office uses. The offering includes a complete property at 711 Margaret Street. Directional information is provided to help guide visitors to the site.
Access is described as taking I-10 to Stockton South, then turning left on Gilmore and right on Margaret Street, with the property located on the left. The property is in Duval County.
From a tenant and buyer perspective, this is a straightforward office-building format for organizations looking for their own dedicated space. With its stated size and commercial office classification, it may fit teams that need an office setting and want a property they can operate out of at a single address. Interested parties can verify layouts, condition, and any site details directly through the listing process.
Access is described as taking I-10 to Stockton South, then turning left on Gilmore and right on Margaret Street, with the property located on the left. The property is in Duval County.
From a tenant and buyer perspective, this is a straightforward office-building format for organizations looking for their own dedicated space. With its stated size and commercial office classification, it may fit teams that need an office setting and want a property they can operate out of at a single address. Interested parties can verify layouts, condition, and any site details directly through the listing process.
Key Highlights
- Office building in Duval County with practical access from I‑10 and nearby streets
- Central air conditioning with heat pump, plus electric heating
- Cooling includes central air, electric, and ceiling fan(s) across multi units
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
$64,575
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
7.60%
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%
$1,291,500
$1.3M
Cap Rate 7%
$922,500
$922.5K
Cap Rate 9%
$717,500
$717.5K
Market Conditions
NOI Build-Up for 4,490 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
$107.8K $24.00/SF
− Vacancy
−$21.7K −$4.82/SF
EGI
$86.1K $19.18/SF
− OpEx
−$21.5K −$4.79/SF
NOI
$64.6K $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%
$1,291,500
Cap Rate 7%
$922,500
Cap Rate 9%
$717,500
Alternative Uses
Best Use
Office B
$922.5K
$807.2K – $1.08M
NOI $64,575 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,100 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,861
Businesses Nearby
Explore this area
Business Placement
Demographics for 32204, FL
8,673
Population
5,342
Households
1.6
Avg Household Size
39
Median Age
41%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,212
Density / Sq Mi
$54,462
Median Household Income
$47,872
Median Earnings
$1,132
Median Rent
$342,700
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 building - For sale office building in Duval County with practical access from I-10 and nearby streets.
Where is this office building located?
The property is located at 711 MARGARET Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $849,500.
What are key features of this property?
This property features: Office building in Duval County with practical access from I‑10 and nearby streets; Central air conditioning with heat pump, plus electric heating; Cooling includes central air, electric, and ceiling fan(s) across multi units
