Cassat Avenue Commercial Property For
For Sale
Contact for pricing
1258 Cassat Ave, Jacksonville, FL 32205
0.81-acre commercial property on Cassat Avenue with existing automotive facility.
Property Size8,195 SF
Lot Size0.81 Acres
Price / SF$183.04
Days on Market188
Property Features for 1258 Cassat Ave
General Information
Standard status
Active
Size
8,195 SF
Class
B
Lot size
0.81 Acres
Property subtype
Retail
Zoning
CCG-2
Investment Type
Owner/User
Building Details
Year Built
1964
Buildings
1
Stories
1
Listing Agency:
Millenia Partners
(321) 205-6544
Listed By:
Luke Sawyer · License #FL 3338336
Source:
Crexi
Added: Feb 9
Changed: Aug 15
Last Checked: Aug 14 at 8:30PM
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 Millenia Partners
Investment Insights
Based on property information with market context.
This 0.81-acre commercial property is located on Cassat Avenue, a heavily trafficked commercial corridor in West Jacksonville. The site includes an existing automotive-oriented facility with an operating business. The listing price includes the business goodwill. The property features street frontage, visibility, and access to major roadways serving the Jacksonville metro area. The parcel size and zoning provide flexibility for commercial uses, including continued automotive operation, redevelopment, or repositioning for an owner-user or investor. The location is suitable for owner-operators seeking a turnkey location with existing operations, investors looking for land with income and redevelopment optionality, and buyers seeking a commercial site along an established corridor. The property has a high-visibility location with strong daily traffic counts. Additional details are available upon request with execution of a confidentiality agreement. The property size is 8195 square feet.
Key Highlights
- High‑visibility 0.81‑acre commercial property on heavily trafficked Cassat Avenue.
- Existing automotive‑oriented facility with an active business included in the sale (goodwill).
- Flexibility for continued automotive operation, redevelopment, or repositioning.
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
$92,622
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
6.17%
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%
$1,852,440
$1.9M
Cap Rate 7%
$1,323,171
$1.3M
Cap Rate 9%
$1,029,133
$1.0M
Market Conditions
NOI Build-Up for 8,195 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
$147.5K $18.00/SF
− Vacancy
−$15.2K −$1.85/SF
EGI
$132.3K $16.15/SF
− OpEx
−$39.7K −$4.84/SF
NOI
$92.6K $11.30/SF
Area
Jacksonville, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,852,440
Cap Rate 7%
$1,323,171
Cap Rate 9%
$1,029,133
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.54M
NOI $92,622 @ 7.0% cap · market cap 6.17%
Second Best
Industrial
$650.5K
$569.2K – $758.9K
NOI $45,536 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $157,147 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
15k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Butler Toyota Jacksonville
Shops & Services
4,966 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
3,821 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
3,433 visits/mo
0.4 miles
Byrider
Shops & Services
1,276 visits/mo
0.1 miles
Gerber Collision & Glass
Shops & Services
613 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Automotive property - 0.81-acre commercial property on Cassat Avenue with existing automotive facility.
Where is this automotive property located?
The property is located at 1258 Cassat 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: High‑visibility 0.81‑acre commercial property on heavily trafficked Cassat Avenue.; Existing automotive‑oriented facility with an active business included in the sale (goodwill).; Flexibility for continued automotive operation, redevelopment, or repositioning.
