Office Building Near I-95
For Sale
$899,000
8810 GOODBYS EXECUTIVE Drive, Jacksonville, FL 32217
Office building offered for sale with a total size of 4,080 square feet.
Property Size4,080 SF
Price / SF$220.34
Days on Market100
Property Features for 8810 GOODBYS EXECUTIVE Drive
General Information
Standard status
Active
Size
4,080 SF
Zoning
Professional/Office
Taxes and HOA fees
Annual Taxes
$9,928
Amenities
Kitchen Facilities, Lobby, Meeting Room, Office, Private Restroom, Reception Area, Separate Office Area, Storage
Accessible Approach with Ramp
Central Air, Separate Meters
Central
Storage
Parking Lot
Building Details
Year Built
1986
Stories
2
Listing Agency:
HAMILTON HOUSE REAL ESTATE GROUP, LLC
(904) 434-6210
Listed By:
EMILY LLOYD · License #3362789
(904) 434-6210
Source:
Evrealestate
Added: May 6
Changed: Aug 8
Last Checked: Aug 12 at 6:20AM
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 HAMILTON HOUSE REAL ESTATE GROUP, LLC
Investment Insights
Based on property information with market context.
This office building is offered for sale and totals 4,080 square feet.
The property is located just off Interstate 95. Directions provided with the listing include taking Exit 344 for San Jose Boulevard, heading south, turning right onto Sunbeam Road, and then turning right onto Goodbys Executive Drive, where the property will be located.
With an existing office configuration and a defined, compact size, the building may be suited for buyers looking for a straightforward standalone office asset.
The property is located just off Interstate 95. Directions provided with the listing include taking Exit 344 for San Jose Boulevard, heading south, turning right onto Sunbeam Road, and then turning right onto Goodbys Executive Drive, where the property will be located.
With an existing office configuration and a defined, compact size, the building may be suited for buyers looking for a straightforward standalone office asset.
Key Highlights
- Office building for sale with total size of 4,080 SF
- Year built: 1986
- Central heating and central air conditioning
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
$58,679
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
6.53%
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%
$1,173,580
$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
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
$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 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%
$1,173,580
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Office in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building offered for sale with a total size of 4,080 square feet.
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: Office building for sale with total size of 4,080 SF; Year built: 1986; Central heating and central air conditioning
