Creekfront Office
For Sale
$899,000
8850 GOODBYS EXECUTIVE Drive, Jacksonville, FL 32217
Commercial Sale, Jacksonville, FL
Property Size4,238 SF
Lot Size0.50 Acres
Price / SF$212.13
Days on Market165
Property Features for 8850 GOODBYS EXECUTIVE Drive
General Information
Property type
Residential
Property subtype
Office
Zoning description
Professional/Office
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3
Parking features
Parking Lot
Accessibility
Accessible Approach with Ramp
Subdivision
Goodbys Creek
Lot features
Dead End Street
Directions
From I-95, take Exit 341 for Baymeadows Road and head west, continue approximately 1.5 miles, then turn left onto Goodbys Executive Drive and follow it to 8850 Goodbys Executive Drive, which will be on your right.
Standard status
Active
APN
1487741002
Size
4,238 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9926
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Separate Meters, Central Air
Water source
Public
Water front features
Creek
Water front
1
Amenities
water views
private bathroom
kitchenette
offices
reception area
conference room
Building Details
Year built
1987
Floors in Building
2
Number of units
3
Flooring type
Carpet, Laminate
Building materials
Frame, Wood Siding
Roof type
Shingle
Listing Agency:
REAL BROKER LLC
(855) 450-0442
Listed By:
EMILY LLOYD · License #3362789
(904) 962-6210
Added: May 5
Changed: Oct 15
Last Checked: Oct 16 at 3:06AM
MLS# 2143707
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,238-square-foot office property contains three individual units on a 0.5-acre parcel. The building dates to 1987 and sits along Goodbys Creek. Each unit has a private bathroom, multiple offices, a reception area, and a conference room; two units also include kitchenettes.
A parking lot serves the property, and an accessible ramp provides an approach to the building. Public water and sewer service are available. Heating is central, and the building has central air conditioning with separate meters.
A parking lot serves the property, and an accessible ramp provides an approach to the building. Public water and sewer service are available. Heating is central, and the building has central air conditioning with separate meters.
Key Highlights
- Three office units within a 4,238‑square‑foot building
- Waterfront setting on Goodbys Creek
- Two units include kitchenettes; all have a private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,951
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,219,020
$1.2M
Cap Rate 7%
$870,729
$870.7K
Cap Rate 9%
$677,233
$677.2K
Market Conditions
NOI Build-Up for 4,238 SF
Gross rent
$101.7K $24.00/SF
− Vacancy
−$20.4K −$4.82/SF
EGI
$81.3K $19.18/SF
− OpEx
−$20.3K −$4.79/SF
NOI
$61.0K $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%
$1,219,020
Cap Rate 7%
$870,729
Cap Rate 9%
$677,233
Alternative Uses
Best Use
Office B
$870.7K
$761.9K – $1.02M
NOI $60,951 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,268 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Office building - Three separate office suites offer private work areas and shared on-site parking.
Where is this office building located?
The property is located at 8850 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 office units within a 4,238‑square‑foot building; Waterfront setting on Goodbys Creek; Two units include kitchenettes; all have a private bathroom
