3-Unit Waterfront Office
For Sale
$899,000
8850 GOODBYS EXECUTIVE Drive, Jacksonville, FL 32217
Three separate workspaces include private bathrooms, with kitchenettes in two units.
Property Size4,238 SF
Days on Market168
Property Features for 8850 GOODBYS EXECUTIVE Drive
General Information
Standard status
Active
Size
4,238 SF
Property subtype
Office
Additional Details
Office Units
3
Taxes and HOA fees
Annual Taxes
$9,926
Amenities
water views
private bathroom
kitchenette
multiple offices
reception area
conference room
Building Details
Building Size
4,238 SF
Year Built
1987
Listing Agency:
REAL BROKER LLC
Listed By:
EMILY LLOYD · License #3362789
(904) 962-6210
Source:
Houseandhavenrealty
Added: May 6
Changed: Oct 19
Last Checked: Oct 19 at 10:34AM
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 REAL BROKER LLC
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Investment Insights
Based on property information with market context.
This office property contains three individual units along Goodbys Creek, with water views. Each space includes a private bathroom, multiple offices, a reception area, and a conference room; two units also have kitchenettes. The building was constructed in 1987 and has on-site parking for occupants and visitors.
Key Highlights
- Three office units with views of Goodbys Creek
- Private bathroom in each unit; kitchenettes in two
- Each workspace has multiple offices, a reception area, and a conference room
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 unit - Three separate workspaces include private bathrooms, with kitchenettes in two units.
Where is this office unit 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 with views of Goodbys Creek; Private bathroom in each unit; kitchenettes in two; Each workspace has multiple offices, a reception area, and a conference room
