Roosevelt Blvd Adaptable Commercial
5953 Roosevelt Boulevard, Jacksonville, FL 32244
8,800 SF building on over an acre near NAS JAX.
Type:MU
Property size:
8,800 SFLot size:
1.00 AcrePrice / SF:
$181/SF- Added:
- Jan 18, 2024
- Days on Market:
- 862
- Last Refresh:
- Apr 3 at 5:02 am
Property Features for 5953 Roosevelt Boulevard
General Information
- Standard status
- Active
- Size
- 8,800 SF
- Lot size
- 1.00 Acre
- Property subtype
- MU
Listing agent Courtney Smith License #3186165 (786) 587-8702
Listing office Keller Williams St Johns (786) 587-8702
Listing date Jan 18, 2024
Source Realnex
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams St Johns
HighLights
- Prime Location directly on Roosevelt Blvd with high visibility.
- Versatile CCG‑2 Zoning suitable for various commercial uses.
- Expansive 8,800 sq ft steel‑framed building on over an acre.
- Customizable Interior, fully cleared‑out and ready for your vision.
- Essential Infrastructure: 3‑phase power and four newer HVAC systems.
- Ample Outdoor Space for storage, parking, or expansion.
Overview
This property is located directly on Roosevelt Blvd, half a mile north of NAS JAX, and benefits from a daily traffic count of 39,000 vehicles. The 8,800 sq ft steel-framed building is set on over an acre of land. The property is zoned CCG-2, making it suitable for various uses, including retail space, an auto dealership, and wholesale business. The building has been fully cleared out and includes 3 phase power, four newer HVAC systems, and plumbing for two bathrooms. A generous open area provides space for storage, parking, and potential additional structures.
Local Financial Insights For Mixed Use
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 | $211.2k | $24.00 |
| − Vacancy | −$31.7k | −$3.60 |
| EGI | $179.5k | $20.40 |
| − OpEx | −$67.3k | −$7.65 |
| NOI | $112.2k | $12.75 |
8,800 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.60M
$1.40M – $1.87M
NOI $112,200 @ 7.0% cap · market cap 7.02%
Second Best
Retail
$1.43M
$1.25M – $1.66M
NOI $99,792 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$2.35M
$2.05M – $2.74M
NOI $164,314 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.695342
- Latitude
- 30.2418195
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 8,800 SF building on over an acre near NAS JAX.
Where is this mixed-use property located?
The property is located at 5953 Roosevelt Boulevard Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Prime Location directly on Roosevelt Blvd with high visibility.; Versatile CCG‑2 Zoning suitable for various commercial uses.; Expansive 8,800 sq ft steel‑framed building on over an acre.
