Medical Office Suite with
For Sale
Contact for pricing
9066 Cypress Green Dr, Jacksonville, FL 32256
Medical office offering 9 exam rooms, lab space, and three on-site parking plus ADA accommodations.
Property Size4,217 SF
Price / SF$248.99
Days on Market224
Property Features for 9066 Cypress Green Dr
General Information
Standard status
Active
Size
4,217 SF
Total Parking Spaces
24
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
exam rooms
private doctor offices
lab rooms
ADA restrooms
shower
kitchen
IT room
admin/reception areas
lobby
waiting area
Building Details
Buildings
1
Stories
1
Units
1
Listing Agency:
SVN First Coast Commercial Real Estate Specialists
Listed By:
Colin Nicholson · License #FL
(904) 994-8493
Source:
Crexi
Added: Feb 5
Changed: Sep 10
Last Checked: Sep 16 at 2:18PM
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 SVN First Coast Commercial Real Estate Specialists
Investment Insights
Based on property information with market context.
This medical office suite is built for clinical and administrative use, featuring nine exam rooms, three private doctor offices, and two lab rooms. The layout also includes three ADA restrooms plus one shower, along with a kitchen, an IT room, and two administrative/reception areas. An impressive lobby and waiting area supports patient-facing operations.
The property provides 24 on-site parking spaces, including ADA parking, and offers convenient access to major highways.
The interior configuration combines exam, lab, and physician office spaces with dedicated support rooms to support day-to-day medical workflows.
The property provides 24 on-site parking spaces, including ADA parking, and offers convenient access to major highways.
The interior configuration combines exam, lab, and physician office spaces with dedicated support rooms to support day-to-day medical workflows.
Key Highlights
- 9 exam rooms plus 2 lab rooms for medical exam and testing workflows
- 3 private doctor offices and dedicated admin/reception areas
- 3 ADA restrooms plus 1 shower for accessible patient care
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
$59,055
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
5.62%
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%
$1,181,100
$1.2M
Cap Rate 7%
$843,643
$843.6K
Cap Rate 9%
$656,167
$656.2K
Market Conditions
NOI Build-Up for 4,217 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
$101.2K $24.00/SF
− Vacancy
−$22.5K −$5.33/SF
EGI
$78.7K $18.67/SF
− OpEx
−$19.7K −$4.67/SF
NOI
$59.1K $14.00/SF
Area
ZIP 32256
Vacancy
22.20%
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%
$1,181,100
Cap Rate 7%
$843,643
Cap Rate 9%
$656,167
Alternative Uses
Best Use
Office B
$843.6K
$738.2K – $984.3K
NOI $59,055 @ 7.0% cap · market cap 5.62%
Second Best
Healthcare Medical
$801.6K
$701.4K – $935.2K
NOI $56,110 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$1.12M
$984.3K – $1.31M
NOI $78,740 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32256, FL
53,611
Population
27,735
Households
1.9
Avg Household Size
37
Median Age
53%
College-Educated
97%
High-School Grad
61.4 sq mi
ZIP Area
873
Density / Sq Mi
$73,203
Median Household Income
$47,360
Median Earnings
$1,586
Median Rent
$360,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Jacksonville, FL
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Similar Off Market Nearby
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- Jax Horizon Vet Imaging — 904 Wood Hill Dr, Jacksonville, FL 32256
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office offering 9 exam rooms, lab space, and three on-site parking plus ADA accommodations.
Where is this medical office space located?
The property is located at 9066 Cypress Green Dr Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 9 exam rooms plus 2 lab rooms for medical exam and testing workflows; 3 private doctor offices and dedicated admin/reception areas; 3 ADA restrooms plus 1 shower for accessible patient care
