Freestanding Retail
For Sale
$795,000
9073 HECKSCHER Drive, Jacksonville, FL 32226
Commercial Sale, Jacksonville, FL
Property Size3,360 SF
Lot Size0.92 Acres
Price / SF$236.61
Days on Market118
Property Features for 9073 HECKSCHER Drive
General Information
Property type
Residential
Property subtype
Retail
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Fencing
Chain Link
Lot features
Cleared, Few Trees, Uplands
Directions
From downtown Jacksonville, take I95 north and get off at the Heckscher Blvd exit. Head east until you reach the property on the north side of Heckscher.
Subdivision
096-Ft George/Blount Island/Cedar Point
Standard status
Active
APN
1608300140
Size
3,360 SF
Lot size
0.92 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5449
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
1974
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Block
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS ST JOHNS · Keller Williams Realty
(904) 867-7694
Listed By:
CHRISTINA WELCH · License #3186165
(904) 404-1640
Added: May 18
Changed: Sep 7
Last Checked: Sep 12 at 9:06AM
MLS# 2148057
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 freestanding retail property includes a 3,360-square-foot block building constructed in 1974. The interior features concrete flooring, two bathrooms, central heating, and central air conditioning. A shingle roof and chain-link fencing complete the existing improvements. The site encompasses 0.92 acres and includes two paved driveways with ample parking. Cable is available, with well water and a septic tank serving the property.
Located at 9073 Heckscher Drive in Jacksonville, the property offers 400 feet of frontage along a route reported to carry more than 10,000 vehicles daily. CCG-1 zoning supports a range of commercial and light-industrial uses, with the source specifically identifying veterinary, professional office, café, aquatic supply, and boutique fitness applications. Its positioning between Jacksonville’s industrial area and Amelia Island places the site within a corridor serving city and coastal traffic.
Located at 9073 Heckscher Drive in Jacksonville, the property offers 400 feet of frontage along a route reported to carry more than 10,000 vehicles daily. CCG-1 zoning supports a range of commercial and light-industrial uses, with the source specifically identifying veterinary, professional office, café, aquatic supply, and boutique fitness applications. Its positioning between Jacksonville’s industrial area and Amelia Island places the site within a corridor serving city and coastal traffic.
Key Highlights
- 3,360‑square‑foot block building on 0.92 acres
- 400 feet of frontage on Heckscher Drive
- Reported traffic volume exceeds 10,000 vehicles daily
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
$37,975
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
4.78%
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%
$759,500
$759.5K
Cap Rate 7%
$542,500
$542.5K
Cap Rate 9%
$421,944
$421.9K
Market Conditions
NOI Build-Up for 3,360 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
$60.5K $18.00/SF
− Vacancy
−$6.2K −$1.85/SF
EGI
$54.3K $16.15/SF
− OpEx
−$16.3K −$4.84/SF
NOI
$38.0K $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%
$759,500
Cap Rate 7%
$542,500
Cap Rate 9%
$421,944
Alternative Uses
Best Use
Retail
$542.5K
$474.7K – $632.9K
NOI $37,975 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$920.4K
$805.4K – $1.07M
NOI $64,431 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
Business Placement
Demographics for 32226, FL
20,306
Population
7,707
Households
2.6
Avg Household Size
39
Median Age
36%
College-Educated
93%
High-School Grad
85.7 sq mi
ZIP Area
237
Density / Sq Mi
$109,375
Median Household Income
$53,400
Median Earnings
$2,062
Median Rent
$340,500
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 Retail in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Block construction, central HVAC, paved access, and CCG-1 zoning support a range of commercial applications.
Where is this retail space located?
The property is located at 9073 HECKSCHER Drive Jacksonville, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 3,360‑square‑foot block building on 0.92 acres; 400 feet of frontage on Heckscher Drive; Reported traffic volume exceeds 10,000 vehicles daily
