Single-Story Office Condo
For Sale
Contact for pricing
7807 Baymeadows Rd E, Jacksonville, FL 32256
A 2,760 SF office condo within a single-story class A suburban office project.
Property Size2,760 SF
Price / SF$361.96
Days on Market298
Property Features for 7807 Baymeadows Rd E
General Information
Standard status
Active
Size
2,760 SF
Class
A
Property subtype
OFFICE
Lease Type
NNN
Additional Details
Lease Term
60 months
Highway Access
Yes
Building Details
Stories
1
Listing Agency:
Garnett Commercial Real Estate, Inc.
(904) 855-8800
Listed By:
Jack L. Garnett, CCIM
Source:
Moodyscre
Added: Nov 19, 2025
Changed: Sep 7
Last Checked: Sep 13 at 9:03AM
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 Garnett Commercial Real Estate, Inc.
Investment Insights
Based on property information with market context.
The offering is a single-story, class A suburban office condo unit within a larger office condominium project. The building size is 12,000 SF, and the available office space is 2,760 SF.
The property is located in the I-295 / Butler Blvd interchange area in Jacksonville, Florida. The unit is currently listed for sale.
The lease structure is NNN with CAM charges, where tenant pays electric and cleaning. Lease term is reported as five years, with a stated base rent of $24.00 psf NNN and CAM charges of $9.00 psf (2025 estimate).
The property is located in the I-295 / Butler Blvd interchange area in Jacksonville, Florida. The unit is currently listed for sale.
The lease structure is NNN with CAM charges, where tenant pays electric and cleaning. Lease term is reported as five years, with a stated base rent of $24.00 psf NNN and CAM charges of $9.00 psf (2025 estimate).
Key Highlights
- 2,760 SF office condo in a single‑story Class A suburban office condo project
- Building size totals 12,000 SF
- Lease rate is $24.00 psf NNN base rent
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
$38,651
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
3.87%
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%
$773,020
$773.0K
Cap Rate 7%
$552,157
$552.2K
Cap Rate 9%
$429,456
$429.5K
Market Conditions
NOI Build-Up for 2,760 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
$66.2K $24.00/SF
− Vacancy
−$14.7K −$5.33/SF
EGI
$51.5K $18.67/SF
− OpEx
−$12.9K −$4.67/SF
NOI
$38.7K $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%
$773,020
Cap Rate 7%
$552,157
Cap Rate 9%
$429,456
Alternative Uses
Best Use
Office B
$552.2K
$483.1K – $644.2K
NOI $38,651 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$736.2K
$644.2K – $858.9K
NOI $51,535 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
Explore this area
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
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 units - A 2,760 SF office condo within a single-story class A suburban office project.
Where is this office units located?
The property is located at 7807 Baymeadows Rd E Jacksonville, FL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 2,760 SF office condo in a single‑story Class A suburban office condo project; Building size totals 12,000 SF; Lease rate is $24.00 psf NNN base rent
