Highly Visible Mixed-Use
For Sale
Contact for pricing
5951 Arlington Expressway Service Rd, Jacksonville, FL 32211
Central location servicing Arlington, Southside, beaches, and downtown Jacksonville.
Property Size5,549 SF
Price / SF$216.26
Days on Market704
Property Features for 5951 Arlington Expressway Service Rd
General Information
Standard status
Active
Size
5,549 SF
Class
C
Property subtype
Mixed Use, Office, Retail, Special Purpose
Zoning
ccg2
Occupancy
100%
Net Operating Income
$64,152
Building Details
Year Built
1965
Year Renovated
1994
Buildings
2
Tenancy
Single
Listing Agency:
Keller Williams Realty Atlantic Partners Southside
(703) 906-8620
Listed By:
Brien Davis · License #FL SL3493322
Source:
Crexi
Added: Sep 28, 2024
Changed: Aug 8
Last Checked: Aug 29 at 6:55PM
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 Keller Williams Realty Atlantic Partners Southside
Investment Insights
Based on property information with market context.
This highly visible mixed-use property is centrally located, providing convenient access to Arlington, Southside, the beaches, and downtown Jacksonville. The property has an existing lease that expired in early 2026; a renewal is currently in process of being finalized. The property encompasses a total area of 5549 square feet, offering a versatile space suitable for a range of commercial activities.
Key Highlights
- Central location servicing Arlington, Southside, the beaches, and downtown.
- Highly visible property.
- Existing lease in place.
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
$79,806
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
6.65%
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%
$1,596,120
$1.6M
Cap Rate 7%
$1,140,086
$1.1M
Cap Rate 9%
$886,733
$886.7K
Market Conditions
NOI Build-Up for 5,549 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
$133.2K $24.00/SF
− Vacancy
−$26.8K −$4.82/SF
EGI
$106.4K $19.18/SF
− OpEx
−$26.6K −$4.79/SF
NOI
$79.8K $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%
$1,596,120
Cap Rate 7%
$1,140,086
Cap Rate 9%
$886,733
Alternative Uses
Best Use
Office B
$1.14M
$997.6K – $1.33M
NOI $79,806 @ 7.0% cap · market cap 6.65%
Second Best
Mixed Use
$1.05M
$915.6K – $1.22M
NOI $73,247 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,408 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
Explore this area
Business Placement
Demographics for 32211, FL
34,168
Population
15,250
Households
2.2
Avg Household Size
36
Median Age
20%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
4,167
Density / Sq Mi
$55,208
Median Household Income
$33,993
Median Earnings
$1,104
Median Rent
$208,900
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?
Mixed-use property - Central location servicing Arlington, Southside, beaches, and downtown Jacksonville.
Where is this mixed-use property located?
The property is located at 5951 Arlington Expressway Service Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Central location servicing Arlington, Southside, the beaches, and downtown.; Highly visible property.; Existing lease in place.
