Specialty Office and Storage
2220 Soutel Drive Unit 2220 Jacksonville, FL 32208
For Sale
$499,000
Versatile facility with chapel seating, office and visitation rooms, and on-site parking for multi-use operations.
Property Size4,900 SF
Lot Size1.07 Acres
Price / SF$101.84
Days on Market1956
Property Features for 2220 Soutel Drive Unit 2220
General Information
Standard status
Active
Size
4,900 SF
Lot size
1.07 Acres
Property subtype
General Commercial
Building Details
Year Built
1969
Listing Agency:
WATSON REALTY CORP
(904) 559-4500
Listed By:
PATTI CENTER · License #0429598
Source:
Xome
Added: Mar 23, 2021
Changed: Jul 10
Last Checked: Jun 15 at 1:56AM
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 WATSON REALTY CORP
Investment Insights
Based on property information with market context.
The property consists of a 4,900-square-foot building on 1.07 acres, previously used as a funeral home. It includes a chapel with pews, office and visitation-related rooms, restrooms, and a break room. The building also has an apartment with a kitchen, two bedrooms, and one bathroom, which can support an on-site residential component for certain operators.
Site improvements include approximately half an acre of paved parking and an additional half acre of grassed area for parking. There is also covered parking for approximately 3 to 4 vehicles.
While the former use was funeral-related, the property and land are described as suitable for offices, school, medical, or storage. Prospective tenants and buyers should find the existing room layout and on-site parking helpful for businesses seeking a ready-to-use specialty space rather than starting from scratch. The on-site apartment may also be relevant for an operator who needs flexible accommodations.
Site improvements include approximately half an acre of paved parking and an additional half acre of grassed area for parking. There is also covered parking for approximately 3 to 4 vehicles.
While the former use was funeral-related, the property and land are described as suitable for offices, school, medical, or storage. Prospective tenants and buyers should find the existing room layout and on-site parking helpful for businesses seeking a ready-to-use specialty space rather than starting from scratch. The on-site apartment may also be relevant for an operator who needs flexible accommodations.
Key Highlights
- 1969‑built 4,900 SF facility formerly used as a funeral home
- Chapel with pews plus offices, visitation rooms, restrooms, and a break room
- Includes apartment with a kitchen, two bedrooms, and one bath
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 | $41.2k | $8.40 |
| − Vacancy | −$2.3k | −$0.46 |
| EGI | $38.9k | $7.94 |
| − OpEx | −$5.8k | −$1.19 |
| NOI | $33.1k | $6.75 |
4,900 SF · lease $8.40/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Healthcare Medical
$1.13M
$992.3K – $1.32M
NOI $79,380 @ 7.0% cap · market cap 15.91%
Second Best
Office B
$1.01M
$880.9K – $1.17M
NOI $70,472 @ 7.0% cap · market cap 14.12%
Theoretical Best
Office A
$1.34M
$1.17M – $1.57M
NOI $93,962 @ 7.0% cap · market cap 18.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Church & religious facility - Versatile facility with chapel seating, office and visitation rooms, and on-site parking for multi-use operations.
Where is this church & religious facility located?
The property is located at 2220 Soutel Drive Unit 2220 Jacksonville, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1969‑built 4,900 SF facility formerly used as a funeral home; Chapel with pews plus offices, visitation rooms, restrooms, and a break room; Includes apartment with a kitchen, two bedrooms, and one bath
