High-Visibility Corner Commercial
For Sale
$215,000
1201 Cassat Ave, Jacksonville, FL 32205
Freestanding 1,375 SF building in Murray Hill.
Property Size1,375 SF
Price / SF$156.36
Days on Market543
Property Features for 1201 Cassat Ave
General Information
Standard status
Active
Size
1,375 SF
Property subtype
Commercial
Site & Location
Neighborhood
Murray Hill
Building Details
Year Built
1942
Listing Agency:
MOMENTUM REALTY
Listed By:
NATHANIEL WATSON · License #3277165
(904) 504-3794
Source:
Jacksonvilleflhomeguide
Added: May 9, 2025
Changed: Nov 1
Last Checked: Nov 1 at 5:54AM
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 MOMENTUM REALTY
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Investment Insights
Based on property information with market context.
This freestanding corner property, positioned directly in front of heavy daily traffic, offers brand visibility and flexible use potential for owner-users, investors, or redevelopment. Located in the heart of Murray Hill, the area is known for its historic charm, thriving local businesses, craft breweries, unique restaurants, and a strong sense of community among families, artists, and entrepreneurs. The 1,375 SF building is ready for immediate occupancy and features a reception area, flexible offices/rooms, one restroom, and a staff kitchenette. Strong natural light and durable flooring are present throughout. Dedicated front parking provides easy access. The roof was replaced in 2019. The property has immediate access to I-10, I-95, US-17, and Roosevelt Blvd. CO Zoning supports a wide range of professional and business uses, including professional or business offices, medical, dental, or chiropractic offices, cosmetology or wellness-oriented uses, and other compatible office or service concepts. The property benefits from close proximity to major medical facilities, including Ascension St. Vincent’s Riverside, Baptist Medical Center Jacksonville, Wolfson Children’s Hospital, UF Health Jacksonville, and HCA Florida Memorial Hospital. It is just minutes from Jacksonville’s Downtown and Riverside districts, combining neighborhood character with urban accessibility.
Key Highlights
- High‑visibility corner location on Cassat Ave with strong daily traffic counts
- CO Zoning supports a wide range of professional and business uses
- 1,375 SF freestanding building ready for immediate occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,775
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,500
$395.5K
Cap Rate 7%
$282,500
$282.5K
Cap Rate 9%
$219,722
$219.7K
Market Conditions
NOI Build-Up for 1,375 SF
Gross rent
$33.0K $24.00/SF
− Vacancy
−$6.6K −$4.82/SF
EGI
$26.4K $19.18/SF
− OpEx
−$6.6K −$4.79/SF
NOI
$19.8K $14.38/SF
Area
Jacksonville, FL
Vacancy
20.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,500
Cap Rate 7%
$282,500
Cap Rate 9%
$219,722
Alternative Uses
Best Use
Office B
$282.5K
$247.2K – $329.6K
NOI $19,775 @ 7.0% cap · market cap 9.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$376.7K
$329.6K – $439.5K
NOI $26,367 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Office unit - Freestanding 1,375 SF building in Murray Hill.
Where is this office unit located?
The property is located at 1201 Cassat Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: High‑visibility corner location on Cassat Ave with strong daily traffic counts; CO Zoning supports a wide range of professional and business uses; 1,375 SF freestanding building ready for immediate occupancy
