Warehouse and Manufacturing
For Sale
$3,000,000
1168 CAHOON Road S, Jacksonville, FL 32221
For sale warehouse property in Duval County with access via Cahoon Road S.
Property Size18,491 SF
Price / SF$162.24
Days on Market64
Property Features for 1168 CAHOON Road S
General Information
Standard status
Active
Size
18,491 SF
Taxes and HOA fees
Annual Taxes
$12,001
Amenities
Parking Lot
Building Details
Year Built
1962
Listing Agency:
CHRISTIE'S INTERNATIONAL REAL ESTATE FIRST COAST
(904) 945-4663
Listed By:
LAILA HASSAN · License #701667
(904) 945-4663
Source:
Evrealestate
Added: Jun 10
Changed: Aug 11
Last Checked: Aug 12 at 6:05AM
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 CHRISTIE'S INTERNATIONAL REAL ESTATE FIRST COAST
Investment Insights
Based on property information with market context.
This property is an industrial warehouse and manufacturing-style asset offered for sale in Duval County. The offering size is 18,491 square feet, providing space for warehousing and related industrial use cases where an enclosed facility is required.
Access is described via I-295 to Normandy Blvd, continuing to Fouraker Rd, then turning onto Cahoon Rd S. The property is located at 1168 Cahoon Road S in Jacksonville, Florida 32221 within Duval County.
For tenants or buyers, this warehouse configuration can fit a range of operations that need dedicated indoor space, including storage, distribution support, and light industrial work appropriate to the warehouse/manufacturing category. Interested parties should review the specific property details and any applicable operational requirements for their intended use. Because the available information is limited to property type, size, and access directions, due diligence on building and site particulars is recommended as part of evaluating fit and move-in planning.
Access is described via I-295 to Normandy Blvd, continuing to Fouraker Rd, then turning onto Cahoon Rd S. The property is located at 1168 Cahoon Road S in Jacksonville, Florida 32221 within Duval County.
For tenants or buyers, this warehouse configuration can fit a range of operations that need dedicated indoor space, including storage, distribution support, and light industrial work appropriate to the warehouse/manufacturing category. Interested parties should review the specific property details and any applicable operational requirements for their intended use. Because the available information is limited to property type, size, and access directions, due diligence on building and site particulars is recommended as part of evaluating fit and move-in planning.
Key Highlights
- Warehouse property in Duval County with access via Cahoon Road S
- Parking lot on‑site for the property
- Built in 1962
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
$124,764
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
4.16%
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%
$2,495,280
$2.5M
Cap Rate 7%
$1,782,343
$1.8M
Cap Rate 9%
$1,386,267
$1.4M
Market Conditions
NOI Build-Up for 18,491 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
$155.3K $8.40/SF
− Vacancy
−$8.5K −$0.46/SF
EGI
$146.8K $7.94/SF
− OpEx
−$22.0K −$1.19/SF
NOI
$124.8K $6.75/SF
Area
Jacksonville, FL
Vacancy
5.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
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%
$2,495,280
Cap Rate 7%
$1,782,343
Cap Rate 9%
$1,386,267
Alternative Uses
Best Use
Warehouse
$1.78M
$1.56M – $2.08M
NOI $124,764 @ 7.0% cap · market cap 4.16%
Second Best
Industrial
$1.47M
$1.28M – $1.71M
NOI $102,747 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$5.07M
$4.43M – $5.91M
NOI $354,583 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32221, FL
30,961
Population
11,650
Households
2.7
Avg Household Size
39
Median Age
23%
College-Educated
89%
High-School Grad
47.5 sq mi
ZIP Area
652
Density / Sq Mi
$82,571
Median Household Income
$44,725
Median Earnings
$1,660
Median Rent
$244,500
Median Home Value
Market
Vacancy Rate% for Industrial in Jacksonville, FL
Questions? Ask Rey
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Similar Off Market Nearby
- Self-Storage at U-Haul — 1501 Normandy Village Pkwy, Jacksonville, FL 32221
Frequently Asked Questions
What type of property is this?
Warehouse - For sale warehouse property in Duval County with access via Cahoon Road S.
Where is this warehouse located?
The property is located at 1168 CAHOON Road S Jacksonville, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Warehouse property in Duval County with access via Cahoon Road S; Parking lot on‑site for the property; Built in 1962
