Industrial Redevelopment
For Sale
Under Contract
$330,850
763 EASTPORT Road, Jacksonville, FL 32218
Commercial Sale, Jacksonville, FL
Property Size1,521 SF
Lot Size0.53 Acres
Price / SF$217.52
Days on Market219
Property Features for 763 EASTPORT Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Parking features
Off Street, Carport
Subdivision
John Broward Grant
Lot features
Few Trees, Uplands
Directions
From I-95 Take exit 360 for FL-104/Dunn Ave/Busch Dr Take US-17 N to Eastport Rd Turn right onto FL-104 E/Busch Dr Use the left 2 lanes to turn left onto US-17 N Slight right onto Eastport Rd Destina
Standard status
Active Under Contract
APN
1095610000
Size
1,521 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3297
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Water source
Well
Building Details
Year built
1962
Floors in Building
1
Building materials
Block
Roof type
Metal
Listing Agency:
COLDWELL BANKER VANGUARD REALTY · Coldwell Banker Real Estate
(904) 269-7117
Listed By:
JACKSON HAMMOND · License #3633813
(816) 820-7195
Added: Jan 17
Changed: Aug 20
Last Checked: Aug 24 at 9:06AM
MLS# 2125667
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 industrial-zoned redevelopment site includes a concrete-block residence with an attached 2-car carport, plus an additional detached 1-car carport, multiple storage sheds, and a separate concrete outbuilding. Utilities are in place, including water and electric, and the property has a septic tank. The site sits on approximately 0.53 acres and is suited to a wide range of potential uses consistent with industrial zoning, including industrial, warehouse, manufacturing, office, retail, flex space, mixed-use, and RV/boat storage; buyers should verify specific uses.
Located at 763 EASTPORT Road in Jacksonville (32218) on the Northside of the city, the property offers an existing improvements-and-infrastructure setup for investors, developers, or an owner-user looking to redevelop while leveraging the current structures.
Located at 763 EASTPORT Road in Jacksonville (32218) on the Northside of the city, the property offers an existing improvements-and-infrastructure setup for investors, developers, or an owner-user looking to redevelop while leveraging the current structures.
Key Highlights
- 0.51‑acre commercial property on Jacksonville’s Northside with industrial zoning.
- Concrete‑block residence on‑site with an attached 2‑car carport and a detached 1‑car carport.
- Includes multiple storage sheds and a separate concrete outbuilding.
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
$12,523
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
3.79%
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%
$250,460
$250.5K
Cap Rate 7%
$178,900
$178.9K
Cap Rate 9%
$139,144
$139.1K
Market Conditions
NOI Build-Up for 1,521 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
$25.2K $16.56/SF
− Vacancy
−$2.4K −$1.59/SF
EGI
$22.8K $14.97/SF
− OpEx
−$10.2K −$6.74/SF
NOI
$12.5K $8.23/SF
Area
ZIP 32218
Vacancy
9.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
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%
$250,460
Cap Rate 7%
$178,900
Cap Rate 9%
$139,144
Alternative Uses
Best Use
Apartment 5plus
$178.9K
$156.5K – $208.7K
NOI $12,523 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$405.7K
$355.0K – $473.3K
NOI $28,400 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
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.
Frequently Asked Questions
What type of property is this?
Commercial land - Zoned industrial property on Northside with existing residence, carports, sheds, and outbuilding; utilities include water and electric.
Where is this commercial land located?
The property is located at 763 EASTPORT Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $330,850.
What are key features of this property?
This property features: 0.51‑acre commercial property on Jacksonville’s Northside with industrial zoning.; Concrete‑block residence on‑site with an attached 2‑car carport and a detached 1‑car carport.; Includes multiple storage sheds and a separate concrete outbuilding.
