Drive-Through Retail
For Sale
$1,150,000
930 UNIVERSITY Boulevard N, Jacksonville, FL 32211
Commercial Sale, Jacksonville, FL
Property Size6,628 SF
Lot Size1.65 Acres
Price / SF$173.51
Days on Market1774
Property Features for 930 UNIVERSITY Boulevard N
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Parking features
Garage
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot
Directions
North on University Blvd. from the Arlington Expressway or from Atlantic Blvd. to Los Santos Road, take a left. Location before Arlington Road.
Subdivision
041-Arlington
Standard status
Active
APN
1293000000
Size
6,628 SF
Lot size
1.65 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Water source
Public
Building Details
Year built
1961
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Concrete
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
(904) 388-5005
Listed By:
CARLA S BAHRI · License #609939
(904) 333-4472
Added: Nov 1, 2021
Changed: Aug 19
Last Checked: Sep 9 at 11:06AM
MLS# 1140931
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.
Investment Insights
Based on property information with market context.
This retail property includes a 6,628-square-foot building on 1.65 acres. Constructed in 1961 with poured concrete and concrete block, the structure features concrete flooring, central heating, garage parking, public water and public sewer. An accessible approach with ramp is also in place.
The building carries a historic designation and was designed by Miami-based architect Edwin T. Reeder. Its exterior incorporates wave-like brise soleil elements associated with mid-century modern architecture. The property is zoned Commercial Neighborhood and includes a drive-through. It is located at 930 University Boulevard N in Jacksonville, across from the updated College Park shopping center.
The building carries a historic designation and was designed by Miami-based architect Edwin T. Reeder. Its exterior incorporates wave-like brise soleil elements associated with mid-century modern architecture. The property is zoned Commercial Neighborhood and includes a drive-through. It is located at 930 University Boulevard N in Jacksonville, across from the updated College Park shopping center.
Key Highlights
- 6,628‑square‑foot retail building on 1.65 acres
- 1961 construction with poured concrete and concrete block
- Historic designation and design by architect Edwin T. Reeder
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
$74,911
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
6.51%
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%
$1,498,220
$1.5M
Cap Rate 7%
$1,070,157
$1.1M
Cap Rate 9%
$832,344
$832.3K
Market Conditions
NOI Build-Up for 6,628 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
$119.3K $18.00/SF
− Vacancy
−$12.3K −$1.85/SF
EGI
$107.0K $16.15/SF
− OpEx
−$32.1K −$4.84/SF
NOI
$74.9K $11.30/SF
Area
Jacksonville, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,498,220
Cap Rate 7%
$1,070,157
Cap Rate 9%
$832,344
Alternative Uses
Best Use
Retail
$1.07M
$936.4K – $1.25M
NOI $74,911 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,099 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
866
Businesses Nearby
111k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 26%
Groceries 22%
Home Improvements & Furnishings 6%
Wawa
Shops & Services
26,697 visits/mo
0.3 miles
Winn-Dixie
Groceries
24,118 visits/mo
0.1 miles
McDonald's
Dining
23,349 visits/mo
0.1 miles
Speedway
Shops & Services
6,464 visits/mo
0.1 miles
Turner Ace Hardware
Home Improvements & Furnishings
6,316 visits/mo
0.4 miles
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 Retail in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Concrete retail building with accessible ramp, garage parking, and central heating on a sizable commercial parcel.
Where is this retail space located?
The property is located at 930 UNIVERSITY Boulevard N Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 6,628‑square‑foot retail building on 1.65 acres; 1961 construction with poured concrete and concrete block; Historic designation and design by architect Edwin T. Reeder
