Industrial Warehouse with Loading
For Sale
$2,250,000
479 ZOO Parkway, Jacksonville, FL 32218
Commercial Sale, JACKSONVILLE, FL
Property Size32,500 SF
Lot Size1.76 Acres
Price / SF$69.23
Days on Market193
Property Features for 479 ZOO Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IL
Subdivision
DIV OF M L BROWARD ESTATE
Directions
Located directly off Zoo Parkway in Jacksonville, Fl
Standard status
Active
APN
108771-0010
Size
32,500 SF
Lot size
1.76 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
19-1S-27E DIV OF M L BROWARD ESTATE AS RECD D BK 823-433 PT RECD O/R 21508-173
Tax Annual Amount
18879
Legal Description
19-1S-27E DIV OF M L BROWARD ESTATE AS RECD D BK 823-433 PT RECD O/R 21508-173
Utilities
Cooling system
Central Air
Building Details
Year built
1974
Floors in Building
1
Building materials
Metal Siding
Listing Agency:
COMMERCIAL REAL ESTATE PROF IN
Listed By:
Mark Allen
(407) 737-9797
Added: Feb 23
Changed: Aug 24
Last Checked: Sep 4 at 4:06PM
MLS# O6384942
Copyright © 2026 Stellar MLS. 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 32,500-square-foot warehouse, constructed in 1974, offers a metal-sided industrial building with central air, loading docks, and a dedicated office area. Recent improvements include new HVAC equipment, bathroom upgrades, LED lighting, new roll-up doors, and refreshed office carpeting. A building-wide sprinkler system is also in place. The property is zoned IL and occupies 1.76 acres.
The facility is positioned approximately 5 miles from JAXPORT, with Zoo Parkway about 0.5 miles from I-95 Exit 358 A. Its Jacksonville location provides access to the port and interstate network for industrial and warehouse operations.
The facility is positioned approximately 5 miles from JAXPORT, with Zoo Parkway about 0.5 miles from I-95 Exit 358 A. Its Jacksonville location provides access to the port and interstate network for industrial and warehouse operations.
Key Highlights
- 32,500 SF warehouse on 1.76 acres
- IL zoning for industrial use
- Loading docks and brand‑new roll‑up doors
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
$202,331
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
8.99%
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%
$4,046,620
$4.0M
Cap Rate 7%
$2,890,443
$2.9M
Cap Rate 9%
$2,248,122
$2.2M
Market Conditions
NOI Build-Up for 32,500 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
$253.5K $7.80/SF
− Vacancy
−$15.5K −$0.48/SF
EGI
$238.0K $7.32/SF
− OpEx
−$35.7K −$1.10/SF
NOI
$202.3K $6.23/SF
Area
ZIP 32218
Vacancy
6.10%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
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%
$4,046,620
Cap Rate 7%
$2,890,443
Cap Rate 9%
$2,248,122
Alternative Uses
Best Use
Warehouse
$2.89M
$2.53M – $3.37M
NOI $202,331 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.67M
$7.59M – $10.11M
NOI $606,840 @ 7.0% cap · market cap 26.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Well-served
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
Market
Vacancy Rate% for Industrial in Jacksonville, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Renovated warehouse with upgraded climate control, lighting, roll-up doors, and fire sprinklers.
Where is this warehouse located?
The property is located at 479 ZOO Parkway Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 32,500 SF warehouse on 1.76 acres; IL zoning for industrial use; Loading docks and brand‑new roll‑up doors
