Freestanding Office with
For Sale
Contact for pricing
8780 Perimeter Park Ct, Jacksonville, FL 32216
Freestanding concrete-block office with a loft mezzanine and grade-level loading with a small roll-up door.
Property Size6,228 SF
Lot Size0.68 Acres
Price / SF$224.79
Days on Market201
Property Features for 8780 Perimeter Park Ct
General Information
Standard status
Active
Size
6,228 SF
Lot size
0.68 Acres
Property subtype
OFFICE
Additional Details
Drive-In Doors
1
Building Details
Construction
concrete block
Listing Agency:
Evans Commercial Properties, Inc.
(904) 210-9878
Listed By:
Alexander J. Evans
Source:
Moodyscre
Added: Feb 26
Changed: Sep 10
Last Checked: Sep 14 at 11:59AM
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 Evans Commercial Properties, Inc.
Investment Insights
Based on property information with market context.
This freestanding office property features concrete-block construction with a loft mezzanine and a flexible interior layout. The space includes large collaborative areas along with private glass offices, supporting a mix of team and individual work settings.
The property is located in the Southside Jacksonville area within the Perimeter Park business district. Grade-level loading is available with a small roll-up door, designed for light deliveries or equipment access.
The site includes 6,228 square feet of heated space on a 0.68-acre parcel, with availability for sale or lease in connection with the owner vacating at closing.
The property is located in the Southside Jacksonville area within the Perimeter Park business district. Grade-level loading is available with a small roll-up door, designed for light deliveries or equipment access.
The site includes 6,228 square feet of heated space on a 0.68-acre parcel, with availability for sale or lease in connection with the owner vacating at closing.
Key Highlights
- 6,228 SF heated space on a 0.68‑acre site in the Southside Jacksonville Perimeter Park business district
- Freestanding concrete‑block office with loft mezzanine
- Flexible floor plan with large collaborative areas and private glass offices
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
$89,571
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
6.40%
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%
$1,791,420
$1.8M
Cap Rate 7%
$1,279,586
$1.3M
Cap Rate 9%
$995,233
$995.2K
Market Conditions
NOI Build-Up for 6,228 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
$149.5K $24.00/SF
− Vacancy
−$30.0K −$4.82/SF
EGI
$119.4K $19.18/SF
− OpEx
−$29.9K −$4.79/SF
NOI
$89.6K $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%
$1,791,420
Cap Rate 7%
$1,279,586
Cap Rate 9%
$995,233
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,571 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,428 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,063
Businesses Nearby
Explore this area
Business Placement
Demographics for 32216, FL
42,847
Population
19,796
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
12.7 sq mi
ZIP Area
3,374
Density / Sq Mi
$63,253
Median Household Income
$44,078
Median Earnings
$1,311
Median Rent
$244,800
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 building - Freestanding concrete-block office with a loft mezzanine and grade-level loading with a small roll-up door.
Where is this office building located?
The property is located at 8780 Perimeter Park Ct Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 6,228 SF heated space on a 0.68‑acre site in the Southside Jacksonville Perimeter Park business district; Freestanding concrete‑block office with loft mezzanine; Flexible floor plan with large collaborative areas and private glass offices
