Renovated Office Condo
For Sale
Contact for pricing
9776 San Jose Boulevard Unit #12, Jacksonville, FL 32257
Newly renovated office condo with three private offices, reception area, break room, two restrooms, elevator access, and ample parking.
Property Size775 SF
Price / SF$250
Days on Market38
Property Features for 9776 San Jose Boulevard Unit #12
General Information
Standard status
Active
Size
775 SF
Property subtype
Office
Zoning
CCG-2 (Commercial General, allows for any professional or medical use)
Building Details
Year Built
1988
Year Renovated
2018
Listing Agency:
Kinkade Commercial Real Estate
(904) 635-6376
Listed By:
Chaim Goranson · License #SL3653285
Source:
Crexi
Added: Jul 6
Changed: Aug 8
Last Checked: Aug 11 at 3:19PM
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 Kinkade Commercial Real Estate
Investment Insights
Based on property information with market context.
This newly renovated Mandarin office condo includes three private offices plus a reception area and a break room. The suite is also equipped with two restrooms. The building offers elevator access, and the property features an abundance of parking for day-to-day convenience.
The space is located within an office park at 9776 San Jose Boulevard, Unit #12, in Jacksonville, FL. The CCG-2 zoning permits professional or medical use.
The condo is part of an association with monthly fees of $235.00.
The space is located within an office park at 9776 San Jose Boulevard, Unit #12, in Jacksonville, FL. The CCG-2 zoning permits professional or medical use.
The condo is part of an association with monthly fees of $235.00.
Key Highlights
- Newly renovated office condo in a 1988 office park with elevator access
- Interior includes three private offices plus a reception area and break room
- Two restrooms included for the office suite
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
$11,146
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
5.75%
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%
$222,920
$222.9K
Cap Rate 7%
$159,229
$159.2K
Cap Rate 9%
$123,844
$123.8K
Market Conditions
NOI Build-Up for 775 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
$18.6K $24.00/SF
− Vacancy
−$3.7K −$4.82/SF
EGI
$14.9K $19.18/SF
− OpEx
−$3.7K −$4.79/SF
NOI
$11.1K $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%
$222,920
Cap Rate 7%
$159,229
Cap Rate 9%
$123,844
Alternative Uses
Best Use
Office B
$159.2K
$139.3K – $185.8K
NOI $11,146 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$212.3K
$185.8K – $247.7K
NOI $14,861 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,502
Businesses Nearby
Explore this area
Business Placement
Demographics for 32257, FL
41,439
Population
18,465
Households
2.2
Avg Household Size
40
Median Age
36%
College-Educated
93%
High-School Grad
12.3 sq mi
ZIP Area
3,369
Density / Sq Mi
$75,180
Median Household Income
$45,772
Median Earnings
$1,441
Median Rent
$305,000
Median Home Value
Market
Vacancy Rate% for Office in Jacksonville, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Newly renovated office condo with three private offices, reception area, break room, two restrooms, elevator access, and ample parking.
Where is this office units located?
The property is located at 9776 San Jose Boulevard Unit #12 Jacksonville, FL.
What is the asking price?
The asking price for this property is $193,750.
What are key features of this property?
This property features: Newly renovated office condo in a 1988 office park with elevator access; Interior includes three private offices plus a reception area and break room; Two restrooms included for the office suite
