Office Suite Near Major
For Sale
Contact for pricing
8825 Perimeter Park Blvd. Unit 501, Jacksonville, FL 32216
Office suite in Suite 501 with convenient access to I-95 and I-295 near major retail areas.
Property Size1,140 SF
Price / SF$372.81
Days on Market109
Property Features for 8825 Perimeter Park Blvd. Unit 501
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Listing Agency:
Garnett Commercial Real Estate, Inc.
Listed By:
Jack Garnett, CCIM · License #FL
(904) 855-8800
Source:
Crexi
Added: May 22
Changed: Sep 6
Last Checked: Sep 5 at 6:16PM
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.
This is a for-sale office suite located in Suite 501 at 8825 Perimeter Park Blvd. The property is offered as a commercial office space within an office-focused setting.
The suite is in close proximity to Butler Blvd and provides easy access to both I-95 and I-295. It is also near the University of North Florida and the Tinseltown and St. Johns Town Center retail areas, supporting day-to-day convenience for office users.
The offering size is listed as 1,140 square feet, making it well-suited for businesses looking for a compact, dedicated office suite configuration.
The suite is in close proximity to Butler Blvd and provides easy access to both I-95 and I-295. It is also near the University of North Florida and the Tinseltown and St. Johns Town Center retail areas, supporting day-to-day convenience for office users.
The offering size is listed as 1,140 square feet, making it well-suited for businesses looking for a compact, dedicated office suite configuration.
Key Highlights
- Office suite in Suite 501
- Convenient access to I‑95 and I‑295
- Located near University of North Florida
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
$16,395
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
3.86%
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%
$327,900
$327.9K
Cap Rate 7%
$234,214
$234.2K
Cap Rate 9%
$182,167
$182.2K
Market Conditions
NOI Build-Up for 1,140 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
$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 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%
$327,900
Cap Rate 7%
$234,214
Cap Rate 9%
$182,167
Alternative Uses
Best Use
Office B
$234.2K
$204.9K – $273.3K
NOI $16,395 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$312.3K
$273.3K – $364.4K
NOI $21,861 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Vacancy Rate% for Office in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suite in Suite 501 with convenient access to I-95 and I-295 near major retail areas.
Where is this office units located?
The property is located at 8825 Perimeter Park Blvd. Unit 501 Jacksonville, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Office suite in Suite 501; Convenient access to I‑95 and I‑295; Located near University of North Florida
