Tapestry Park Office Space For
For Sale
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9822 Tapestry Park Circle Units 204-205, Jacksonville, FL 32246
Office space for sale near Tinsel Town and St. Johns.
Property Size5,103 SF
Price / SF$293.94
Days on Market98
Property Features for 9822 Tapestry Park Circle Units 204-205
General Information
Standard status
Active
Size
5,103 SF
Class
A
Total Parking Spaces
200
Property subtype
Office
Building Details
Year Built
2009
Listing Agency:
Garnett Commercial Real Estate, Inc.
(904) 855-8800
Listed By:
Jack Garnett, CCIM · License #FL
Source:
Crexi
Added: May 22
Changed: Aug 26
Last Checked: Aug 25 at 4:58PM
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 Garnett Commercial Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 5,103-square-foot commercial real estate property is located in close proximity to Tinsel Town and St. Johns Town Center retail areas. The location provides convenient access to the Butler Boulevard Interchange and Southside Boulevard Interchange, facilitating travel to I-95 and I-295. Commuting to high-demographic multi-family and single-family neighborhoods is made easy via I-95, Butler Boulevard, Philips Highway/US Highway 1, and I-295. The property is suitable for office buildings and office spaces.
Key Highlights
- Close proximity to Butler Blvd. Interchange / Southside Blvd. Interchange providing access to I‑95 and I‑295.
- Easy commute to high demographic multi‑family and single‑family neighborhoods via major highways.
- In close proximity to Tinsel Town and St. Johns Town Center prominent retail areas.
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
$73,391
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
4.89%
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%
$1,467,820
$1.5M
Cap Rate 7%
$1,048,443
$1.0M
Cap Rate 9%
$815,456
$815.5K
Market Conditions
NOI Build-Up for 5,103 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
$122.5K $24.00/SF
− Vacancy
−$24.6K −$4.82/SF
EGI
$97.9K $19.18/SF
− OpEx
−$24.5K −$4.79/SF
NOI
$73.4K $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%
$1,467,820
Cap Rate 7%
$1,048,443
Cap Rate 9%
$815,456
Alternative Uses
Best Use
Office B
$1.05M
$917.4K – $1.22M
NOI $73,391 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,855 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,122
Businesses Nearby
Explore this area
Business Placement
Demographics for 32246, FL
58,105
Population
26,083
Households
2.2
Avg Household Size
36
Median Age
39%
College-Educated
93%
High-School Grad
19.1 sq mi
ZIP Area
3,042
Density / Sq Mi
$78,506
Median Household Income
$46,446
Median Earnings
$1,697
Median Rent
$281,800
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?
Office building - Office space for sale near Tinsel Town and St. Johns.
Where is this office building located?
The property is located at 9822 Tapestry Park Circle Units 204-205 Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Close proximity to Butler Blvd. Interchange / Southside Blvd. Interchange providing access to I‑95 and I‑295.; Easy commute to high demographic multi‑family and single‑family neighborhoods via major highways.; In close proximity to Tinsel Town and St. Johns Town Center prominent retail areas.
