Tapestry Park Mixed-Use
9823 Tapestry Park Circle, Jacksonville, FL 32216
For Sale
$4,500,000
Built in 2008 within Jacksonville’s Tapestry Park community, near dining, retail, and entertainment amenities.
Property Size18,172 SF
Price / SF$247.63
Days on Market96
Property Features for 9823 Tapestry Park Circle
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
Prime retail/office location in Tapestry Park, Jacksonville's premier mixed-use district, surrounded by national tenants, luxury apartments, and strong daytime population
Located in the heart of Tapestry Park, the subject benefits from high visibility, affluent demographics, and walkable access to dining, retail, and Class A residential.
Positioned near the St. Johns Town Center, Butler Boulevard and I-295 intersection, Southside Boulevard receives upwards of 55,000 AADT at this location.
Building Details
Building Size
Year Built
Listing Agency:
Jacksonville Office
Listed By:
Andy Prater
(904) 672-1430
Source:
Marcusmillichap
Added: Aug 8
Changed: Oct 26
Last Checked: Nov 10 at 5:02AM
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 Jacksonville Office
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Investment Insights
Based on property information with market context.
This mixed-use property contains 18,172 of property size and was constructed in 2008. The asset is located at 9823 Tapestry Park Circle in Jacksonville, within the Tapestry Park mixed-use community.
The property offers walkable access to dining, retail, and entertainment amenities. St. Johns Town Center and major employment corridors are minutes away, placing the asset within Jacksonville’s Southside submarket.
The property offers walkable access to dining, retail, and entertainment amenities. St. Johns Town Center and major employment corridors are minutes away, placing the asset within Jacksonville’s Southside submarket.
Key Highlights
- 18,172 property size
- Constructed in 2008
- Located within Jacksonville’s Tapestry Park mixed‑use community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$239,870
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,797,400
$4.8M
Cap Rate 7%
$3,426,714
$3.4M
Cap Rate 9%
$2,665,222
$2.7M
Market Conditions
NOI Build-Up for 18,172 SF
Gross rent
$436.1K $24.00/SF
− Vacancy
−$52.3K −$2.88/SF
EGI
$383.8K $21.12/SF
− OpEx
−$143.9K −$7.92/SF
NOI
$239.9K $13.20/SF
Area
Jacksonville, FL
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,797,400
Cap Rate 7%
$3,426,714
Cap Rate 9%
$2,665,222
Alternative Uses
Best Use
Mixed Use
$3.43M
$3.00M – $4.00M
NOI $239,870 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$1.92M
$1.68M – $2.24M
NOI $134,443 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$4.98M
$4.36M – $5.81M
NOI $348,466 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,122
Businesses Nearby
Explore this area
Business Placement
Demographics for 32216, FL
42,847
Population
19,796
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
12.7 sq mi
ZIP Area
3,374
Density / Sq Mi
$63,253
Median Household Income
$44,078
Median Earnings
$1,311
Median Rent
$244,800
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Jacksonville, FL
Properties on Market for Mixed-use properties in Jacksonville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Built in 2008 within Jacksonville’s Tapestry Park community, near dining, retail, and entertainment amenities.
Where is this mixed-use property located?
The property is located at 9823 Tapestry Park Circle Jacksonville, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 18,172 property size; Constructed in 2008; Located within Jacksonville’s Tapestry Park mixed‑use community
