Commercial Land with Existing
For Sale
$600,000
4402 OLD SALISBURY Road, Jacksonville, FL 32216
Commercial Sale, Jacksonville, FL
Property Size3,000 SF
Lot Size1.10 Acres
Price / SF$200
Days on Market61
Property Features for 4402 OLD SALISBURY Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Parking features
Parking Lot
Subdivision
Southside Farms
Lot features
Uplands
Directions
From Downtown Jacksonville, take I-95 south. Take exit 346A / University W. Take a right on Spring Park, a left on Bowden, a right on Southpoint and a right on Old Salisbury Rd.
Standard status
Active
APN
1528400010
Size
3,000 SF
Lot size
1.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7215
Utilities
Sewer type
Septic Tank
Cooling system
Central Air
Water source
Public
Water front
1
Building Details
Year built
1975
Floors in Building
1
Building materials
Concrete
Listing Agency:
KELLER WILLIAMS ST JOHNS · Keller Williams Realty
(904) 867-7694
Listed By:
CHRISTINA WELCH · License #3186165
(904) 404-1640
Added: Jul 14
Changed: Sep 7
Last Checked: Sep 12 at 11:06AM
MLS# 2155224
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 1.10-acre commercial land parcel includes a 3,000-square-foot freestanding concrete building constructed in 1975. The structure was formerly used as a dental practice and requires full rehabilitation before use. Central air is installed, and the property includes a paved parking lot.
The site is positioned directly along the I-95 corridor in Jacksonville, providing highway-facing exposure. CCG-1 zoning is identified for medical, professional office, and retail applications, with the property offered in its existing condition. Public water is available, while wastewater service is provided by a septic tank.
The site is positioned directly along the I-95 corridor in Jacksonville, providing highway-facing exposure. CCG-1 zoning is identified for medical, professional office, and retail applications, with the property offered in its existing condition. Public water is available, while wastewater service is provided by a septic tank.
Key Highlights
- 1.10‑acre commercial land parcel along the I‑95 corridor
- Existing 3,000 SF freestanding concrete building
- Building constructed in 1975 and requiring full rehabilitation
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
$48,600
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
8.10%
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%
$972,000
$972.0K
Cap Rate 7%
$694,286
$694.3K
Cap Rate 9%
$540,000
$540.0K
Market Conditions
NOI Build-Up for 3,000 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
$90.0K $30.00/SF
− Vacancy
−$9.0K −$3.00/SF
EGI
$81.0K $27.00/SF
− OpEx
−$32.4K −$10.80/SF
NOI
$48.6K $16.20/SF
Area
Jacksonville, FL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
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%
$972,000
Cap Rate 7%
$694,286
Cap Rate 9%
$540,000
Alternative Uses
Best Use
Healthcare Medical
$694.3K
$607.5K – $810.0K
NOI $48,600 @ 7.0% cap · market cap 8.10%
Second Best
Office B
$616.4K
$539.3K – $719.1K
NOI $43,146 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$821.8K
$719.1K – $958.8K
NOI $57,528 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,356
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - CCG-1-zoned parcel with an existing structure requiring full rehabilitation.
Where is this commercial land located?
The property is located at 4402 OLD SALISBURY Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1.10‑acre commercial land parcel along the I‑95 corridor; Existing 3,000 SF freestanding concrete building; Building constructed in 1975 and requiring full rehabilitation
