Demisable Retail/Office Suite with
For Sale
Contact for pricing
10840 Harts Rd, Jacksonville, FL 32218
Demisable space offering open retail/events/office layout and take-out restaurant option, with 70+ parking spaces.
Property Size2,340 SF
Price / SF$384.62
Days on Market131
Property Features for 10840 Harts Rd
General Information
Standard status
Active
Size
2,340 SF
Total Parking Spaces
70
Property subtype
RETAIL
Zoning
CCG-1
Additional Details
Traffic Count
30,000 vehicles/day
Properties For Sale
at 10840 Harts Rd Contact us- Floor
- 1
- Size
- 2,340 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
10840 Harts Rd
- 4,681sf Contiguous Space
- 2,340sf Minimum Space Available
- Take out restaurant...
show more
Contact us
Listing Agency:
Kahle Commercial Group
Listed By:
Cynthia McLain
(904) 541-0700
Source:
Moodyscre
Added: Apr 28
Changed: Sep 3
Last Checked: Aug 14 at 7:42AM
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 Kahle Commercial Group
Investment Insights
Based on property information with market context.
This property offers a 4,681-square-foot contiguous space with a 2,340-square-foot minimum available. The 2,340-square-foot portion is described as both a take-out restaurant configuration and an open retail/events/office layout, depending on the tenant’s needs. The building is demisable for the right tenants, providing flexibility for multiple occupancy scenarios.
The property is supported by 70+ parking spaces and is zoned CCG-1. Surrounding demand indicators listed with the offering include a 30,000+ cars count along Dunn Ave and a population of 42,000+ within 3 miles.
For tenants or buyers seeking a flexible retail and office-capable setup, this suite size and demisable design can help accommodate a range of operating formats within the provided zoning framework.
The property is supported by 70+ parking spaces and is zoned CCG-1. Surrounding demand indicators listed with the offering include a 30,000+ cars count along Dunn Ave and a population of 42,000+ within 3 miles.
For tenants or buyers seeking a flexible retail and office-capable setup, this suite size and demisable design can help accommodate a range of operating formats within the provided zoning framework.
Key Highlights
- 4,681 SF contiguous commercial space with 2,340 SF minimum available
- 2,340 SF open retail/events/office layout
- 2,340 SF take‑out restaurant option (listed as “Take out restaurant 2340sf”)
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
$26,447
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
2.94%
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%
$528,940
$528.9K
Cap Rate 7%
$377,814
$377.8K
Cap Rate 9%
$293,856
$293.9K
Market Conditions
NOI Build-Up for 2,340 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
$42.1K $18.00/SF
− Vacancy
−$4.3K −$1.85/SF
EGI
$37.8K $16.15/SF
− OpEx
−$11.3K −$4.84/SF
NOI
$26.4K $11.30/SF
Area
ZIP 32218
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%
$528,940
Cap Rate 7%
$377,814
Cap Rate 9%
$293,856
Alternative Uses
Best Use
Retail
$377.8K
$330.6K – $440.8K
NOI $26,447 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$624.2K
$546.2K – $728.2K
NOI $43,692 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
332k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 30%
Groceries 18%
Apparel 6%
Publix
Groceries
49,399 visits/mo
0.3 miles
McDonald's
Dining
28,290 visits/mo
0.1 miles
Starbucks
Dining
19,174 visits/mo
0.2 miles
Wells Fargo
Shops & Services
16,800 visits/mo
0.1 miles
Dollar Tree
Shops & Services
16,534 visits/mo
0.1 miles
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 Retail in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Demisable space offering open retail/events/office layout and take-out restaurant option, with 70+ parking spaces.
Where is this retail space located?
The property is located at 10840 Harts Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 4,681 SF contiguous commercial space with 2,340 SF minimum available; 2,340 SF open retail/events/office layout; 2,340 SF take‑out restaurant option (listed as “Take out restaurant 2340sf”)
