Waterfront Office
For Sale
$899,000
8850 GOODBYS EXECUTIVE Drive, Jacksonville, FL 32217
Three individual units feature private bathrooms, multiple offices, reception areas, and conference rooms.
Property Size4,238 SF
Days on Market92
Property Features for 8850 GOODBYS EXECUTIVE Drive
General Information
Standard status
Active
Size
4,238 SF
Property subtype
Office
Additional Details
Office Units
3
Amenities
private bathroom
kitchenette
multiple offices
reception area
conference room
water views
waterfront
Building Details
Building Size
4,238 SF
Year Built
1987
Listing Agency:
HAMILTON HOUSE REAL ESTATE GROUP, LLC
(904) 962-6210
Listed By:
EMILY LLOYD · License #3362789
Source:
Houseandhavenrealty
Added: May 6
Changed: Jul 31
Last Checked: Aug 5 at 4:41AM
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 waterfront office property on Goodbys Creek includes three individual office units, each with a private bathroom, multiple offices, a reception area, and a conference room. Two of the units also include kitchenettes. The configuration supports owner-occupancy, investment, or multi-tenant use, as described for the property, while providing distinct spaces for professional operations.
Each unit offers water views, and the property includes on-site parking for tenants and guests. Built in 1987, the office property is located at 8850 Goodbys Executive Drive in Jacksonville, Florida.
Each unit offers water views, and the property includes on-site parking for tenants and guests. Built in 1987, the office property is located at 8850 Goodbys Executive Drive in Jacksonville, Florida.
Key Highlights
- Three individual office units on Goodbys Creek
- Each unit includes a private bathroom, multiple offices, reception area, and conference room
- Two units include kitchenettes
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.7k | $24.00 |
| − Vacancy | −$20.4k | −$4.82 |
| EGI | $81.3k | $19.18 |
| − OpEx | −$20.3k | −$4.79 |
| NOI | $61.0k | $14.38 |
4,238 SF · lease $24.00/SF/yr · vacancy 20.10% · expense 25.00%
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.
Property Analytics
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
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 - Three individual units feature private bathrooms, multiple offices, reception areas, and conference rooms.
Where is this office units 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 individual office units on Goodbys Creek; Each unit includes a private bathroom, multiple offices, reception area, and conference room; Two units include kitchenettes
