Renovated Warehouses on Edison
For Sale
Contact for pricing
2871 Edison Ave, Jacksonville, FL
Two renovated buildings with immediate highway access and income.
Property Size7,974 SF
Lot Size0.41 Acres
Price / SF$188.11
Days on Market470
Property Features for 2871 Edison Ave
General Information
Standard status
Active
Size
7,974 SF
Lot size
0.41 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Evans Commercial Properties, Inc.
(904) 210-9878
Listed By:
Alexander J. Evans
Source:
Moodyscre
Added: Apr 23, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:49AM
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 Evans Commercial Properties, Inc.
Investment Insights
Based on property information with market context.
This property features two newly renovated buildings totaling 7,974 square feet, situated on 1.01 acres. The site offers 150 feet of frontage on Edison Avenue and provides immediate access to I-10 and the I-95/I-10 interchange. The warehouses include multiple bay doors to facilitate loading and unloading. Clear heights within the buildings range from 11 to 15 feet. The property includes a stabilized yard. The zoning is mainly CCG-2, with a small RLD-60 lot. The property is under a NNN lease with PSI Technologies Inc., generating an approximate annual income of $87,714.
Key Highlights
- Stable income of approximately $87,714 annually from NNN lease.
- Immediate access to I‑10 and I‑95/I‑10 interchange.
- Two newly renovated buildings on 1.01 acres.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.0k | $8.40 |
| − Vacancy | −$3.7k | −$0.46 |
| EGI | $63.3k | $7.94 |
| − OpEx | −$9.5k | −$1.19 |
| NOI | $53.8k | $6.75 |
7,974 SF · lease $8.40/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$768.6K
$672.5K – $896.7K
NOI $53,803 @ 7.0% cap · market cap 3.59%
Second Best
Industrial
$633.0K
$553.9K – $738.5K
NOI $44,308 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,909 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Two renovated buildings with immediate highway access and income.
Where is this warehouse located?
The property is located at 2871 Edison Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Stable income of approximately $87,714 annually from NNN lease.; Immediate access to I‑10 and I‑95/I‑10 interchange.; Two newly renovated buildings on 1.01 acres.
