Mixed-Use Property with Street
New
For Sale
$399,900
7576 WILSON Blvd, Jacksonville, FL 32210
CRO zoning accompanies a concrete-block building with signage potential and convenient access.
Property Size1,120 SF
Lot Size0.65 Acres
Price / SF$357.05
Days on Market2
Property Features for 7576 WILSON Blvd
General Information
Standard status
Active
Size
1,120 SF
Lot size
0.65 Acres
Property subtype
Commercial
Zoning
CRO
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,782
Building Details
Building Size
1,120 SF
Year Built
1966
Buildings
1
Units
1
Construction
concrete block
Listing Agency:
Vanguard Realty, Inc.
Listed By:
HENRY HAMMOND, JR · License #3336763
(904) 806-1218
Source:
Elliman
Added: Sep 12
Last Checked: Sep 13 at 6:47AM
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 Vanguard Realty, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property includes a 1,120-square-foot concrete-block building constructed in 1966. The existing layout contains two bedrooms and one bathroom, and the building currently operates as a residential rental. The site measures 0.65 acres and offers potential for conversion to professional office, medical administrative, retail storefront, or boutique service-shop use.
Located on Wilson Blvd in Jacksonville, FL, the property provides street frontage, signage opportunities, and convenient access to I-295. The CRO, or Commercial/Residential/Office, zoning designation supports the property's range of commercial, residential, and office-oriented possibilities described in the listing.
Located on Wilson Blvd in Jacksonville, FL, the property provides street frontage, signage opportunities, and convenient access to I-295. The CRO, or Commercial/Residential/Office, zoning designation supports the property's range of commercial, residential, and office-oriented possibilities described in the listing.
Key Highlights
- 1,120‑square‑foot concrete‑block building constructed in 1966
- 0.65‑acre site with room for parking expansion, outdoor equipment or fleet storage, additions, or redevelopment
- CRO (Commercial/Residential/Office) zoning designation
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
$15,684
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
3.92%
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%
$313,680
$313.7K
Cap Rate 7%
$224,057
$224.1K
Cap Rate 9%
$174,267
$174.3K
Market Conditions
NOI Build-Up for 1,120 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
$26.9K $24.00/SF
− Vacancy
−$6.0K −$5.33/SF
EGI
$20.9K $18.67/SF
− OpEx
−$5.2K −$4.67/SF
NOI
$15.7K $14.00/SF
Area
ZIP 32210
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%
$313,680
Cap Rate 7%
$224,057
Cap Rate 9%
$174,267
Alternative Uses
Best Use
Office B
$224.1K
$196.1K – $261.4K
NOI $15,684 @ 7.0% cap · market cap 3.92%
Second Best
Healthcare Medical
$223.0K
$195.2K – $260.2K
NOI $15,612 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$306.8K
$268.5K – $358.0K
NOI $21,477 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Explore this area
Business Placement
Demographics for 32210, FL
66,415
Population
29,198
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
88%
High-School Grad
21.9 sq mi
ZIP Area
3,033
Density / Sq Mi
$58,215
Median Household Income
$36,997
Median Earnings
$1,205
Median Rent
$205,300
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?
Mixed-use property - CRO zoning accompanies a concrete-block building with signage potential and convenient access.
Where is this mixed-use property located?
The property is located at 7576 WILSON Blvd Jacksonville, FL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,120‑square‑foot concrete‑block building constructed in 1966; 0.65‑acre site with room for parking expansion, outdoor equipment or fleet storage, additions, or redevelopment; CRO (Commercial/Residential/Office) zoning designation
