Flex Space with Loading
For Sale
$2,086,200
11331 Distribution Ave E, Jacksonville, FL 32256
Industrial facility supports manufacturing, assembly, and distribution functions.
Property Size10,980 SF
Lot Size1.08 Acres
Days on Market48
Property Features for 11331 Distribution Ave E
General Information
Standard status
Active
Size
10,980 SF
Lot size
1.08 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Span
Yes
Warehouse Space
9,493 SF
Office Build-Out
1,487 SF
Mezzanine
1,500 SF
Drive-In Doors
8
Three-Phase Power
Yes
Heavy Power
Yes
Building Details
Building Size
10,980 SF
Year Built
1997
Listing Agency:
Pine Street/RPS, LLC
Listed By:
Mark Wainwright · License #508359
(904) 728-1085
Source:
Pinestreetrps
Added: Aug 30
Changed: Oct 15
Last Checked: Oct 14 at 9:22PM
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, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1.08-acre Jacksonville property contains a clear-span flex building with 9,493 SF of warehouse area, 1,487 SF of office space, and a 1,500 SF mezzanine. Eight grade-level loading doors, heavy 3-phase power, and industrial-grade lighting support manufacturing, assembly, and distribution operations. Constructed in 1997, the facility is configured for an owner-user, tenant, or investor seeking a versatile industrial asset.
Located at 11331 Distribution Ave E in Jacksonville’s Butler Corridor submarket, the property combines warehouse, office, and mezzanine components within a single facility. Its functional layout provides distinct work and administrative areas while retaining open warehouse space for industrial use.
Located at 11331 Distribution Ave E in Jacksonville’s Butler Corridor submarket, the property combines warehouse, office, and mezzanine components within a single facility. Its functional layout provides distinct work and administrative areas while retaining open warehouse space for industrial use.
Key Highlights
- 1.08‑acre industrial site in Jacksonville’s Butler Corridor submarket
- 9,493 SF of clear‑span warehouse space
- 1,487 SF of dedicated office area plus a 1,500 SF mezzanine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,194
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,883,880
$1.9M
Cap Rate 7%
$1,345,629
$1.3M
Cap Rate 9%
$1,046,600
$1.0M
Market Conditions
NOI Build-Up for 10,980 SF
Gross rent
$117.3K $10.68/SF
− Vacancy
−$6.4K −$0.59/SF
EGI
$110.8K $10.09/SF
− OpEx
−$16.6K −$1.51/SF
NOI
$94.2K $8.58/SF
Area
ZIP 32256
Vacancy
5.50%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,883,880
Cap Rate 7%
$1,345,629
Cap Rate 9%
$1,046,600
Alternative Uses
Best Use
Warehouse
$1.35M
$1.18M – $1.57M
NOI $94,194 @ 7.0% cap · market cap 4.52%
Second Best
Industrial
$1.11M
$969.7K – $1.29M
NOI $77,572 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$2.93M
$2.56M – $3.42M
NOI $205,019 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
8
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32256, FL
53,611
Population
27,735
Households
1.9
Avg Household Size
37
Median Age
53%
College-Educated
97%
High-School Grad
61.4 sq mi
ZIP Area
873
Density / Sq Mi
$73,203
Median Household Income
$47,360
Median Earnings
$1,586
Median Rent
$360,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Jacksonville, FL
Similar Off Market Nearby
- Chef for a night — 11340 Philips Hwy, Jacksonville, FL 32256
- Twisted Okie — 11657 Philips Industrial Blvd, Jacksonville, FL 32258
Frequently Asked Questions
What type of property is this?
Flex space - Industrial facility supports manufacturing, assembly, and distribution functions.
Where is this flex space located?
The property is located at 11331 Distribution Ave E Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,086,200.
What are key features of this property?
This property features: 1.08‑acre industrial site in Jacksonville’s Butler Corridor submarket; 9,493 SF of clear‑span warehouse space; 1,487 SF of dedicated office area plus a 1,500 SF mezzanine
