Flex Space With Office And
For Sale
$499,000
15325 N MAIN Street, Jacksonville, FL 32218
Commercial Sale, Jacksonville, FL
Property Size3,116 SF
Lot Size0.31 Acres
Price / SF$160.14
Days on Market48
Property Features for 15325 N MAIN Street
General Information
Property type
Residential
Property subtype
Office
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Lot features
Cleared
Directions
NORTH ON US17 TO 15325 MAIN STREET JUST BEFORE PECAN PARK.
Subdivision
092-Oceanway/Pecan Park
Standard status
Active
APN
1082380000
Size
3,116 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3048
Utilities
Cooling system
Central Air
Building Details
Year built
1951
Floors in Building
1
Number of units
2
Building materials
Concrete
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
(904) 285-1800
Listed By:
GARY DENMAN · License #3274941
(904) 710-6322
Added: Aug 1
Changed: Aug 19
Last Checked: Sep 17 at 4:06PM
MLS# 2158181
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 15325 N MAIN Street in Jacksonville, this concrete flex property combines office, warehouse, and land components. The 3,116-square-foot building includes 1,574 square feet of office area with a conference room, additional offices, a greeting area, kitchen, and bathroom, along with a 1,600-square-foot warehouse at the rear. Central air serves the building, which was constructed in 1951.
The property encompasses 0.31 acres and carries CCG-2 Commercial Zoning, identified as Community/General-2. The zoning supports a broad range of heavy commercial, retail, service, office, storage-yard, restaurant, auto sales, and auto repair uses as described in the property information.
The property encompasses 0.31 acres and carries CCG-2 Commercial Zoning, identified as Community/General-2. The zoning supports a broad range of heavy commercial, retail, service, office, storage-yard, restaurant, auto sales, and auto repair uses as described in the property information.
Key Highlights
- 3,116‑square‑foot commercial building on 0.31 acres
- 1,574‑square‑foot office area with conference room, offices, greeting area, kitchen, and bathroom
- 1,600‑square‑foot warehouse positioned at the rear of the building
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
$43,636
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
8.74%
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%
$872,720
$872.7K
Cap Rate 7%
$623,371
$623.4K
Cap Rate 9%
$484,844
$484.8K
Market Conditions
NOI Build-Up for 3,116 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
$74.8K $24.00/SF
− Vacancy
−$16.6K −$5.33/SF
EGI
$58.2K $18.67/SF
− OpEx
−$14.5K −$4.67/SF
NOI
$43.6K $14.00/SF
Area
ZIP 32218
Vacancy
22.20%
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%
$872,720
Cap Rate 7%
$623,371
Cap Rate 9%
$484,844
Alternative Uses
Best Use
Office B
$623.4K
$545.5K – $727.3K
NOI $43,636 @ 7.0% cap · market cap 8.74%
Second Best
Flex RnD
$312.5K
$273.4K – $364.6K
NOI $21,874 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$831.2K
$727.3K – $969.7K
NOI $58,182 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32218, FL
67,040
Population
27,895
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
96.7 sq mi
ZIP Area
693
Density / Sq Mi
$68,363
Median Household Income
$37,322
Median Earnings
$1,416
Median Rent
$260,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Jacksonville, FL
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Frequently Asked Questions
What type of property is this?
Flex space - Concrete commercial property combines dedicated office space with an attached warehouse and CCG-2 commercial zoning.
Where is this flex space located?
The property is located at 15325 N MAIN Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,116‑square‑foot commercial building on 0.31 acres; 1,574‑square‑foot office area with conference room, offices, greeting area, kitchen, and bathroom; 1,600‑square‑foot warehouse positioned at the rear of the building
