High-Visibility Retail
1258 Cassat Ave Jacksonville, FL 32205
For Sale
Contact for pricing
Retail property on Cassat Ave with existing improvements and an active business in operation.
Property Size8,195 SF
Lot Size0.81 Acres
Price / SF$213.54
Days on Market72
Property Features for 1258 Cassat Ave
General Information
- Standard status
- Active
- Size
- 8,195 SF
- Lot size
- 0.81 Acres
- Property subtype
- RETAIL
Listing Agency:
Millenia Partners
(321) 205-6544
Listed By:
Luke Sawyer · License #3338336
Source:
Moodyscre
Added: May 13
Changed: Jul 22
Last Checked: Jul 22 at 8:26PM
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 for-sale retail property comprises approximately 0.81 acres and includes existing improvements currently supporting an active business in operation. The listing price includes business goodwill.
Situated on Cassat Ave, the property is positioned for high visibility and strong daily traffic counts.
The site presents options for continued operation or future redevelopment, depending on a buyer’s plans.
Situated on Cassat Ave, the property is positioned for high visibility and strong daily traffic counts.
The site presents options for continued operation or future redevelopment, depending on a buyer’s plans.
Key Highlights
- 0.81‑acre retail property on Cassat Ave with existing improvements
- High‑visibility location with strong daily traffic counts
- Includes an active business currently in operation
Financial Insights For Retail
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 | $147.5k | $18.00 |
| − Vacancy | −$15.2k | −$1.85 |
| EGI | $132.3k | $16.15 |
| − OpEx | −$39.7k | −$4.84 |
| NOI | $92.6k | $11.30 |
8,195 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.54M
NOI $92,622 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $157,147 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Westside Automotive Inc
Auto Repair Shop
FAQs
What type of property is this?
Retail space - Retail property on Cassat Ave with existing improvements and an active business in operation.
Where is this retail space located?
The property is located at 1258 Cassat Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 0.81‑acre retail property on Cassat Ave with existing improvements; High‑visibility location with strong daily traffic counts; Includes an active business currently in operation
