Crash Champions Retail
For Sale
Contact for pricing
7135 Atlantic Blvd, Jacksonville, FL 32211
Retail property built in 1996, available individually or as part of a portfolio.
Property Size17,000 SF
Price / SF$203.75
Days on Market170
Property Features for 7135 Atlantic Blvd
General Information
Standard status
Active
Size
17,000 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$233,805
Additional Details
Cap Rate
6.75%
Building Details
Year Built
1996
Tenancy
Single
Listing Agency:
Matthews
(214) 692-2191
Listed By:
Lee Cordova · License #714883
Source:
Crexi
Added: Mar 16
Changed: Aug 31
Last Checked: Aug 31 at 1:21AM
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 Matthews
Investment Insights
Based on property information with market context.
Located at 7135 Atlantic Blvd in Jacksonville, Florida, this 17,000-square-foot retail property was constructed in 1996. The asset is associated with Crash Champions and is presented for individual acquisition or as part of a broader portfolio. The offering reflects a 6.75% cap rate, providing a defined investment metric for evaluating the property. Its Atlantic Boulevard address places the asset within Jacksonville’s established commercial environment.
Key Highlights
- 17,000‑square‑foot retail property
- 6.75% cap rate
- Associated with Crash Champions
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
$192,137
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
5.55%
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%
$3,842,740
$3.8M
Cap Rate 7%
$2,744,814
$2.7M
Cap Rate 9%
$2,134,856
$2.1M
Market Conditions
NOI Build-Up for 17,000 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
$306.0K $18.00/SF
− Vacancy
−$31.5K −$1.85/SF
EGI
$274.5K $16.15/SF
− OpEx
−$82.3K −$4.84/SF
NOI
$192.1K $11.30/SF
Area
Jacksonville, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$3,842,740
Cap Rate 7%
$2,744,814
Cap Rate 9%
$2,134,856
Alternative Uses
Best Use
Retail
$2.74M
$2.40M – $3.20M
NOI $192,137 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.66M
$4.07M – $5.43M
NOI $325,992 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
68k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 32%
Groceries 22%
Electronics 2%
Harveys Supermarket
Groceries
15,000 visits/mo
0.3 miles
VyStar Credit Union
Shops & Services
11,488 visits/mo
0.3 miles
Captain D's
Dining
7,504 visits/mo
0.5 miles
Checkers
Dining
7,491 visits/mo
0.2 miles
Dollar General
Shops & Services
7,332 visits/mo
0.3 miles
Demographics for 32211, FL
34,168
Population
15,250
Households
2.2
Avg Household Size
36
Median Age
20%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
4,167
Density / Sq Mi
$55,208
Median Household Income
$33,993
Median Earnings
$1,104
Median Rent
$208,900
Median Home Value
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property built in 1996, available individually or as part of a portfolio.
Where is this retail space located?
The property is located at 7135 Atlantic Blvd Jacksonville, FL.
What is the asking price?
The asking price for this property is $3,463,777.
What are key features of this property?
This property features: 17,000‑square‑foot retail property; 6.75% cap rate; Associated with Crash Champions
