Medical Center with Dialysis
For Sale
Contact for pricing
9535 Regency Square Blvd, Jacksonville, FL 32225
Single-tenant dialysis facility leased to DaVita, supporting recurring outpatient treatment visits multiple times each week.
Property Size6,141 SF
Price / SF$322.75
Days on Market55
Property Features for 9535 Regency Square Blvd
General Information
Standard status
Active
Size
6,141 SF
Total Parking Spaces
50
Property subtype
Retail
Zoning
CG
Lease Type
NN
Investment Type
Net Lease
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
CBRE - Tampa
Listed By:
Jim Shiebler, CCIM, CEC · License #FL SL3347780
Source:
Crexi
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 10 at 8:24AM
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 CBRE - Tampa
Investment Insights
Based on property information with market context.
The offering is a retail property occupied by a DaVita dialysis facility, configured to support outpatient kidney care. The tenant provides life-sustaining, non-discretionary treatment that requires patients to visit multiple times per week, creating a steady rhythm of recurring care. DaVita, a Fortune 500 publicly traded company, operates more than 2,600 outpatient dialysis centers nationwide and serves hundreds of thousands of patients annually.
The property is located within the Regency Square corridor in Jacksonville, Florida, along a primary commercial artery with strong visibility and accessibility. It benefits from proximity to major roadways, including Atlantic Boulevard and I-295, supporting convenient connectivity throughout the Jacksonville MSA. The surrounding area is described as dense with residential neighborhoods, national retailers, and a growing concentration of medical users.
For buyers seeking healthcare-oriented real estate with an essential-use operator, this single-tenant asset offers exposure to a necessity-based service model. The combination of DaVita’s national operating history and the outpatient nature of dialysis treatment supports ongoing, recurring patient demand at the facility level. The location within an established retail and healthcare node also aligns with the property’s stated role in meeting continuing local needs for kidney care services.
The property is located within the Regency Square corridor in Jacksonville, Florida, along a primary commercial artery with strong visibility and accessibility. It benefits from proximity to major roadways, including Atlantic Boulevard and I-295, supporting convenient connectivity throughout the Jacksonville MSA. The surrounding area is described as dense with residential neighborhoods, national retailers, and a growing concentration of medical users.
For buyers seeking healthcare-oriented real estate with an essential-use operator, this single-tenant asset offers exposure to a necessity-based service model. The combination of DaVita’s national operating history and the outpatient nature of dialysis treatment supports ongoing, recurring patient demand at the facility level. The location within an established retail and healthcare node also aligns with the property’s stated role in meeting continuing local needs for kidney care services.
Key Highlights
- Retail property leased to DaVita Inc. dialysis facility, single‑tenant asset.
- DaVita is a Fortune 500 publicly traded company operating more than 2,600 outpatient dialysis centers nationwide.
- Tenant provides kidney care services with non‑discretionary, life‑sustaining treatment and recurring outpatient visits multiple times per week.
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
$81,356
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
4.10%
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%
$1,627,120
$1.6M
Cap Rate 7%
$1,162,229
$1.2M
Cap Rate 9%
$903,956
$904.0K
Market Conditions
NOI Build-Up for 6,141 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
$147.4K $24.00/SF
− Vacancy
−$11.8K −$1.92/SF
EGI
$135.6K $22.08/SF
− OpEx
−$54.2K −$8.83/SF
NOI
$81.4K $13.25/SF
Area
ZIP 32225
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$1,627,120
Cap Rate 7%
$1,162,229
Cap Rate 9%
$903,956
Alternative Uses
Best Use
Healthcare Medical
$1.16M
$1.02M – $1.36M
NOI $81,356 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $99,988 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,068
Businesses Nearby
Explore this area
Business Placement
Demographics for 32225, FL
57,441
Population
23,289
Households
2.5
Avg Household Size
39
Median Age
42%
College-Educated
96%
High-School Grad
26.3 sq mi
ZIP Area
2,184
Density / Sq Mi
$87,715
Median Household Income
$46,778
Median Earnings
$1,673
Median Rent
$324,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Single-tenant dialysis facility leased to DaVita, supporting recurring outpatient treatment visits multiple times each week.
Where is this medical center located?
The property is located at 9535 Regency Square Blvd Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,982,000.
What are key features of this property?
This property features: Retail property leased to DaVita Inc. dialysis facility, single‑tenant asset.; DaVita is a Fortune 500 publicly traded company operating more than 2,600 outpatient dialysis centers nationwide.; Tenant provides kidney care services with non‑discretionary, life‑sustaining treatment and recurring outpatient visits multiple times per week.
