8825 Perimeter Park Blvd, Jacksonville, FL 32216

Listing Agency: Garnett Commercial Real Estate, Inc. Show Phone

Listed By: Jack L. Garnett, CCIM

Source: Moodyscre

Added: Nov 2 Changed: Nov 4 Last Checked: Nov 10 at 9:05AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1,140-square-foot end-cap office unit contains five private offices, a reception area, a restroom, and a break area with a storage closet. An attic provides additional storage. The roof was replaced in 2024, and the HVAC system was replaced in 2022. Furniture and equipment may be purchased separately from the seller.

The property is near Butler Boulevard, with connections to I-95 and I-295. The University of North Florida, Tinseltown, and St. Johns Town Center retail areas are also nearby.

Key Highlights

• 1,140‑square‑foot end‑cap office unit
• Five private offices, reception area, restroom, break area, and storage closet
• Roof replaced in 2024; HVAC replaced in 2022

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,395

Cap Rate

4.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$327,900 $327.9K

Cap Rate 7%

$234,214 $234.2K

Cap Rate 9%

$182,167 $182.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,140 SF

Gross rent

$27.4K $24.00/SF

− Vacancy

−$5.5K −$4.82/SF

EGI

$21.9K $19.18/SF

− OpEx

−$5.5K −$4.79/SF

NOI

$16.4K $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%

$327,900

Cap Rate 7%

$234,214

Cap Rate 9%

$182,167

Alternative Uses

Best Use

Office B

$234.2K

$204.9K – $273.3K (±1% cap)

NOI $16,395 @ 7.0% cap · market cap 4.37%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$312.3K

$273.3K – $364.4K (±1% cap)

NOI $21,861 @ 7.0% cap · market cap 5.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Driscoll Group, INC. ... Financial Advisor Jamie H. Kopp, ... Counselor Passport Health Medical Clinic Amy Decker, LCSW Foster Care Service Judith Asermely, LCSW, ... Counselor

Suggested Use

Top Pick Pharmacy HVAC Service Grocery & Convenience Store Electrical Service Parking Lot & Garage Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

849

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

Market

Average Price Trend$/SF for Office Units in Jacksonville, FL

$240 Jul

$244 Aug

$223 Sep

$209 Oct

Properties on Market for Office Units in Jacksonville

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Jacksonville, FL

13.5% 2019

15.8% 2020

21% 2021

20.1% 2022

19.8% 2023

21.3% 2024

22.6% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Five enclosed offices and a reception area create a defined, multi-room workplace layout.

Where is this office unit located?

The property is located at 8825 Perimeter Park Blvd Jacksonville, FL.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: 1,140‑square‑foot end‑cap office unit; Five private offices, reception area, restroom, break area, and storage closet; Roof replaced in 2024; HVAC replaced in 2022