Neighborhood Retail
For Sale
Contact for pricing
1044-1050 Cassat Avenue, Jacksonville, FL 32205
For-sale retail building on Cassat Avenue, offering a dedicated structure for neighborhood-oriented storefront use.
Property Size7,040 SF
Price / SF$141.34
Days on Market102
Property Features for 1044-1050 Cassat Avenue
General Information
Standard status
Active
Size
7,040 SF
Property subtype
Retail
Zoning
CCG-2
Listing Agency:
Pine Street / RPS
Listed By:
Jack Robison · License #SL3480686
(904) 398-1044
Source:
Crexi
Added: Jun 10
Changed: Sep 14
Last Checked: Sep 18 at 5:28AM
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 Pine Street / RPS
Investment Insights
Based on property information with market context.
This offering is a 7,040 SF retail building for sale. The property is configured as a dedicated retail structure designed to support a storefront-based business.
The building is located on Cassat Avenue on the westside of Jacksonville. The address is 1044-1050 Cassat Avenue, Jacksonville, FL 32205.
Because this is a purpose-built retail property with defined interior space, it can be a practical fit for retailers or other commercial operators seeking a standalone building rather than an in-line suite. The sale provides an opportunity to acquire a dedicated retail asset on a well-trafficked commercial corridor in Jacksonville’s westside area.
The building is located on Cassat Avenue on the westside of Jacksonville. The address is 1044-1050 Cassat Avenue, Jacksonville, FL 32205.
Because this is a purpose-built retail property with defined interior space, it can be a practical fit for retailers or other commercial operators seeking a standalone building rather than an in-line suite. The sale provides an opportunity to acquire a dedicated retail asset on a well-trafficked commercial corridor in Jacksonville’s westside area.
Key Highlights
- 7040 SF retail building for sale
- Located on Cassat Avenue on the Westside off Jacksonville
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
$79,567
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
8.00%
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%
$1,591,340
$1.6M
Cap Rate 7%
$1,136,671
$1.1M
Cap Rate 9%
$884,078
$884.1K
Market Conditions
NOI Build-Up for 7,040 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
$126.7K $18.00/SF
− Vacancy
−$13.1K −$1.85/SF
EGI
$113.7K $16.15/SF
− OpEx
−$34.1K −$4.84/SF
NOI
$79.6K $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%
$1,591,340
Cap Rate 7%
$1,136,671
Cap Rate 9%
$884,078
Alternative Uses
Best Use
Retail
$1.14M
$994.6K – $1.33M
NOI $79,567 @ 7.0% cap · market cap 8.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $134,999 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
865
Businesses Nearby
223k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Dining 29%
Groceries 15%
Apparel 15%
Wawa
Shops & Services
34,862 visits/mo
0.1 miles
Winn-Dixie
Groceries
33,318 visits/mo
0.3 miles
Marshalls
Apparel
29,018 visits/mo
0.3 miles
Taco Bell
Dining
20,395 visits/mo
0.1 miles
Krispy Kreme Doughnuts
Dining
19,703 visits/mo
0.4 miles
Demographics for 32205, FL
29,605
Population
16,188
Households
1.8
Avg Household Size
37
Median Age
36%
College-Educated
90%
High-School Grad
7.7 sq mi
ZIP Area
3,845
Density / Sq Mi
$60,609
Median Household Income
$43,122
Median Earnings
$1,190
Median Rent
$257,900
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 - For-sale retail building on Cassat Avenue, offering a dedicated structure for neighborhood-oriented storefront use.
Where is this retail space located?
The property is located at 1044-1050 Cassat Avenue Jacksonville, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 7040 SF retail building for sale; Located on Cassat Avenue on the Westside off Jacksonville
