Waterfront Office
For Sale
$899,000
8810 GOODBYS EXECUTIVE Drive, Jacksonville, FL 32217
Three suites provide private offices, reception areas and conference rooms, with kitchenettes in two.
Property Size4,080 SF
Days on Market170
Property Features for 8810 GOODBYS EXECUTIVE Drive
General Information
Standard status
Active
Size
4,080 SF
Property subtype
Office
Additional Details
Office Units
3
Taxes and HOA fees
Annual Taxes
$9,928
Amenities
water views
private offices
reception area
conference room
kitchenette
Building Details
Building Size
4,080 SF
Year Built
1986
Buildings
1
Listing Agency:
REAL BROKER LLC
Listed By:
EMILY LLOYD · License #3362789
(904) 434-6210
Source:
Bebetterflorida
Added: May 6
Changed: Oct 19
Last Checked: Oct 21 at 4:13AM
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 REAL BROKER LLC
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Investment Insights
Based on property information with market context.
Built in 1986, this office property on Goodbys Creek is configured as three separate units. Each suite includes a restroom, several private offices, a reception space and a conference room; two also have kitchenettes.
On-site parking serves the property. The waterfront setting and three-unit layout are defining features of the office building.
On-site parking serves the property. The waterfront setting and three-unit layout are defining features of the office building.
Key Highlights
- Three separate office units
- Goodbys Creek waterfront setting
- Each unit has a restroom, multiple private offices, reception space and a conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,679
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,580
$1.2M
Cap Rate 7%
$838,271
$838.3K
Cap Rate 9%
$651,989
$652.0K
Market Conditions
NOI Build-Up for 4,080 SF
Gross rent
$97.9K $24.00/SF
− Vacancy
−$19.7K −$4.82/SF
EGI
$78.2K $19.18/SF
− OpEx
−$19.6K −$4.79/SF
NOI
$58.7K $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 Rate 5%
$1,173,580
Cap Rate 7%
$838,271
Cap Rate 9%
$651,989
Alternative Uses
Best Use
Office B
$838.3K
$733.5K – $978.0K
NOI $58,679 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$978.0K – $1.30M
NOI $78,238 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
671
Businesses Nearby
Explore this area
Business Placement
Demographics for 32217, FL
20,543
Population
9,632
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
94%
High-School Grad
5.4 sq mi
ZIP Area
3,804
Density / Sq Mi
$69,742
Median Household Income
$44,147
Median Earnings
$1,190
Median Rent
$291,300
Median Home Value
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Market
Vacancy Rate% for Office in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Office building - Three suites provide private offices, reception areas and conference rooms, with kitchenettes in two.
Where is this office building located?
The property is located at 8810 GOODBYS EXECUTIVE Drive Jacksonville, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Three separate office units; Goodbys Creek waterfront setting; Each unit has a restroom, multiple private offices, reception space and a conference room
