Flexible Commercial and Residential
For Sale
Contact for pricing
6126 ATLANTIC Boulevard, Jacksonville, FL 32211
Move-in ready property with commercial and residential zoning.
Property Size2,965 SF
Price / SF$202.36
Days on Market956
Property Features for 6126 ATLANTIC Boulevard
General Information
Standard status
Active
Size
2,965 SF
Property subtype
Mixed Use
Building Details
Year Built
1947
Stories
3
Units
2
Listing Agency:
REALTY ONE GROUP ELEVATE
(904) 439-9842
Listed By:
TANYA COSMINI · License #3415561
Source:
Crexi
Added: Dec 31, 2023
Changed: Aug 8
Last Checked: Aug 8 at 11:43AM
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 REALTY ONE GROUP ELEVATE
Investment Insights
Based on property information with market context.
This 2965-square-foot property, zoned for both commercial and residential use, offers endless potential in a rapidly revitalizing corridor. The modern, flexible space is move-in ready and suitable for a variety of uses, including a professional office for law, medical, insurance, marketing, real estate, or counseling services. It could also serve as a boutique coworking hub, wellness studio, salon/spa, art gallery, retail showroom, or training center. The bright, open interiors can easily be converted for yoga, Pilates, events, or workshops. The property is also ideal for a live/work loft, multi-generational living, or a unique Airbnb, subject to approval. It features high visibility, ample parking, and is surrounded by new businesses, shops, and updated homes. The property is tech-ready, private, and secure, offering an opportunity to be part of a thriving, fast-growing neighborhood.
Key Highlights
- Zoned commercial and residential, offering flexible usage options.
- Move‑in ready condition, suitable for immediate occupancy and various business types.
- High visibility and ample parking, attracting customers and clients.
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
$42,643
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
7.11%
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%
$852,860
$852.9K
Cap Rate 7%
$609,186
$609.2K
Cap Rate 9%
$473,811
$473.8K
Market Conditions
NOI Build-Up for 2,965 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
$71.2K $24.00/SF
− Vacancy
−$14.3K −$4.82/SF
EGI
$56.9K $19.18/SF
− OpEx
−$14.2K −$4.79/SF
NOI
$42.6K $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%
$852,860
Cap Rate 7%
$609,186
Cap Rate 9%
$473,811
Alternative Uses
Best Use
Office B
$609.2K
$533.0K – $710.7K
NOI $42,643 @ 7.0% cap · market cap 7.11%
Second Best
Mixed Use
$559.1K
$489.2K – $652.3K
NOI $39,138 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$812.2K
$710.7K – $947.6K
NOI $56,857 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
446
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 - Move-in ready property with commercial and residential zoning.
Where is this mixed-use property located?
The property is located at 6126 ATLANTIC Boulevard Jacksonville, FL.
What is the asking price?
The asking price for this property is $599,994.
What are key features of this property?
This property features: Zoned commercial and residential, offering flexible usage options.; Move‑in ready condition, suitable for immediate occupancy and various business types.; High visibility and ample parking, attracting customers and clients.
