Airplane Hangar-Style
3232 OLD KINGS Road Jacksonville, FL 32254
For Sale
$1,200,000
COMMERCIAL - Jacksonville, FL
Property Size7,440 SF
Lot Size1.40 Acres
Price / SF$161.29
Days on Market64
Property Features for 3232 OLD KINGS Road
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Chain Link
Standard status
Active
APN
0882850000
Size
7,440 SF
Lot size
1.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4192
Utilities
Sewer type
Septic Tank
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1940
Listing Agency:
KELLER WILLIAMS ST JOHNS
(904) 867-7694
Listed By:
CHRISTINA WELCH · License #3186165
(904) 404-1640
Added: May 27
Changed: Jul 12
Last Checked: Jul 29 at 12:06AM
MLS# 2147536
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.
3232 Old Kings Rd is an airplane hangar-style warehouse totaling approximately 7,440 square feet on about 1.4 acres zoned IL (Light Industrial). The building includes two loading docks, three roll-up doors, two office spaces, and one bathroom. Interior space is largely open, supported by additional outdoor parking and storage areas for yard and fleet use.
The property is located directly alongside the railroad in Jacksonville’s industrial corridor. It is tenant occupied under a NNN lease with approximately one year remaining, which provides immediate income. The current tenant has expressed interest in remaining long term and signing a new lease.
For practical building configuration, the combination of dock positions, multiple roll-up doors, and expansive open warehouse space is designed to support storage and operational throughput for logistics, manufacturing, or fleet-oriented uses.
The property is located directly alongside the railroad in Jacksonville’s industrial corridor. It is tenant occupied under a NNN lease with approximately one year remaining, which provides immediate income. The current tenant has expressed interest in remaining long term and signing a new lease.
For practical building configuration, the combination of dock positions, multiple roll-up doors, and expansive open warehouse space is designed to support storage and operational throughput for logistics, manufacturing, or fleet-oriented uses.
Key Highlights
- ±7,440 SF airplane hangar‑style warehouse on approx. 1.4 acres in Jacksonville’s industrial corridor
- Zoned IL (Light Industrial) and located directly alongside the railroad
- 2 loading docks and 3 roll‑up doors, plus expansive open warehouse space and outdoor parking/storage area
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.5k | $8.40 |
| − Vacancy | −$3.4k | −$0.46 |
| EGI | $59.1k | $7.94 |
| − OpEx | −$8.9k | −$1.19 |
| NOI | $50.2k | $6.75 |
7,440 SF · lease $8.40/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$717.1K
$627.5K – $836.7K
NOI $50,200 @ 7.0% cap · market cap 4.18%
Second Best
Industrial
$590.6K
$516.8K – $689.0K
NOI $41,341 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,669 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Storage Zone Self Storage and Business Centers — 2343 Edgewood Ave N, Jacksonville, FL 32254
- CrownMotors Sales & Service, Inc. — 5510 New Kings Rd, Jacksonville, FL 32209
Frequently Asked Questions
What type of property is this?
Warehouse - Hangar-style warehouse with two loading docks, three roll-up doors, and outdoor parking on light industrial land.
Where is this warehouse located?
The property is located at 3232 OLD KINGS Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: ±7,440 SF airplane hangar‑style warehouse on approx. 1.4 acres in Jacksonville’s industrial corridor; Zoned IL (Light Industrial) and located directly alongside the railroad; 2 loading docks and 3 roll‑up doors, plus expansive open warehouse space and outdoor parking/storage area
