Flex Space With Office and
For Sale
$269,900
10438 Lem Turner Rd, Jacksonville, FL 32218
CCG-1-zoned commercial property with office, garage, and trailer-based workspace near I-95 and I-295.
Property Size1,309 SF
Price / SF$206.19
Days on Market484
Property Features for 10438 Lem Turner Rd
General Information
Standard status
Active
Size
1,309 SF
Zoning
CCG-1
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
COMPASS FLORIDA LLC
(904) 413-0119
Listed By:
RACHELLE MILLER · License #3313873
(904) 891-4455
Source:
Exprealty
Added: Jun 16, 2025
Changed: Oct 11
Last Checked: Oct 11 at 9:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
This flex space property at 10438 Lem Turner Rd includes a primary office building, an oversized garage for storage, and a trailer configured for additional office use. The combination of enclosed office areas and accessory storage space supports a range of commercial operating needs within a single property.
The property is zoned CCG-1 and sits along Lem Turner Road in Jacksonville, with proximity to both I-95 and I-295. Its corridor setting includes nearby national retailers and residential development, placing the site within an established commercial area.
The property is zoned CCG-1 and sits along Lem Turner Road in Jacksonville, with proximity to both I-95 and I-295. Its corridor setting includes nearby national retailers and residential development, placing the site within an established commercial area.
Key Highlights
- CCG‑1 zoning supports the property's commercial use profile
- Main office building paired with an oversized storage garage
- Trailer currently configured as additional office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,331
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,620
$366.6K
Cap Rate 7%
$261,871
$261.9K
Cap Rate 9%
$203,678
$203.7K
Market Conditions
NOI Build-Up for 1,309 SF
Gross rent
$31.4K $24.00/SF
− Vacancy
−$7.0K −$5.33/SF
EGI
$24.4K $18.67/SF
− OpEx
−$6.1K −$4.67/SF
NOI
$18.3K $14.00/SF
Area
ZIP 32218
Vacancy
22.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,620
Cap Rate 7%
$261,871
Cap Rate 9%
$203,678
Alternative Uses
Best Use
Office B
$261.9K
$229.1K – $305.5K
NOI $18,331 @ 7.0% cap · market cap 6.79%
Second Best
Flex RnD
$131.3K
$114.9K – $153.2K
NOI $9,189 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$349.2K
$305.5K – $407.4K
NOI $24,442 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Under-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
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
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Frequently Asked Questions
What type of property is this?
Flex space - CCG-1-zoned commercial property with office, garage, and trailer-based workspace near I-95 and I-295.
Where is this flex space located?
The property is located at 10438 Lem Turner Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: CCG‑1 zoning supports the property's commercial use profile; Main office building paired with an oversized storage garage; Trailer currently configured as additional office space
