Storefront Building with Off-Street
For Sale
$719,900
2504 N MAIN Street, Jacksonville, FL 32206
Commercial Sale, Jacksonville, FL
Property Size3,468 SF
Lot Size0.42 Acres
Price / SF$207.58
Days on Market212
Property Features for 2504 N MAIN Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Parking features
Off Street
Lot features
Easement Access, Irregular Lot
Directions
From I-95 take exit 354A toward M L King Jr Pkwy onto US-1 S (Martin Luther King Jr Pkwy).. Go for 0.7 mi. Take the exit toward US-17 S. Go for 0.3 mi. Turn right onto Main St N (US-1/US-17 S). Property on right at La Main Ct.
Subdivision
076-Downtown Jacksonville-Eastside
Standard status
Active
APN
0449560000
Size
3,468 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4134
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Ductless, Window Unit(s), Electric, Ceiling Fan(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1947
Floors in Building
1
Roof type
Composition
Listing Agency:
COLDWELL BANKER VANGUARD REALTY · Coldwell Banker Real Estate
(904) 269-7117
Listed By:
HENRY HAMMOND, JR · License #3336763
(904) 806-1218
Added: Feb 2
Changed: Aug 19
Last Checked: Sep 2 at 10:06AM
MLS# 2128166
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.
This storefront property includes a 3,468-square-foot commercial building on approximately 0.42 acres. Constructed in 1947, the building has electric heating, ductless and window-based cooling systems, ceiling fans, a composition roof, and off-street parking. The offering is for the real estate only; the Flower Express business may be purchased separately. Existing rental income is associated with an ATM and a retail vendor.
The property is located in Jacksonville’s Brentwood Opportunity Zone, a designated area described as undergoing redevelopment and preservation activity. It sits a few hundred feet north of The Springfield District. Public water and public sewer serve the site, and the property carries CCG-2 commercial zoning.
The property is located in Jacksonville’s Brentwood Opportunity Zone, a designated area described as undergoing redevelopment and preservation activity. It sits a few hundred feet north of The Springfield District. Public water and public sewer serve the site, and the property carries CCG-2 commercial zoning.
Key Highlights
- 3,468‑square‑foot commercial building on approximately 0.42 acres
- CCG‑2 commercial zoning
- Off‑street parking
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
$39,196
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
5.44%
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%
$783,920
$783.9K
Cap Rate 7%
$559,943
$559.9K
Cap Rate 9%
$435,511
$435.5K
Market Conditions
NOI Build-Up for 3,468 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
$62.4K $18.00/SF
− Vacancy
−$6.4K −$1.85/SF
EGI
$56.0K $16.15/SF
− OpEx
−$16.8K −$4.84/SF
NOI
$39.2K $11.30/SF
Area
Jacksonville, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$783,920
Cap Rate 7%
$559,943
Cap Rate 9%
$435,511
Alternative Uses
Best Use
Retail
$559.9K
$490.0K – $653.3K
NOI $39,196 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$950.0K
$831.3K – $1.11M
NOI $66,502 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,673
Businesses Nearby
54k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 41%
Electronics 1%
Burger King
Dining
9,066 visits/mo
0.1 miles
Family Dollar
Shops & Services
7,648 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
6,592 visits/mo
0.5 miles
Krystal
Dining
5,252 visits/mo
0.4 miles
KFC
Dining
4,747 visits/mo
0.5 miles
Demographics for 32206, FL
18,283
Population
9,415
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
82%
High-School Grad
6.2 sq mi
ZIP Area
2,949
Density / Sq Mi
$37,585
Median Household Income
$34,353
Median Earnings
$866
Median Rent
$153,500
Median Home Value
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Flower Express USA — 2504 N Main St, Jacksonville, FL 32206
Frequently Asked Questions
What type of property is this?
Storefront property - CCG-2-zoned commercial property with public water, public sewer, and a flexible storefront configuration.
Where is this storefront property located?
The property is located at 2504 N MAIN Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $719,900.
What are key features of this property?
This property features: 3,468‑square‑foot commercial building on approximately 0.42 acres; CCG‑2 commercial zoning; Off‑street parking
