Industrial Building with Office
For Sale
$3,000,000
9624 Sunbeam Center Drive, Jacksonville, FL 32257
Flexible industrial space with warehouse height, roll-up loading, and on-site office area with A/C.
Property Size12,408 SF
Lot Size1.34 Acres
Price / SF$241.78
Days on Market50
Property Features for 9624 Sunbeam Center Drive
General Information
Standard status
Active
Size
12,408 SF
Lot size
1.34 Acres
Property subtype
Warehouse
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
18 ft
Dock-High Doors
1
Drive-In Doors
2
Heavy Power
Yes
Building Details
Building Size
12,408 SF
Year Built
1994
Listing Agency:
SVR Commercial, LLC
(904) 631-6335
Listed By:
Kimberly Sievert · License #BK3389162
(904) 631-6335
Source:
Thebrokerlist
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 10 at 2:25AM
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 SVR Commercial, LLC
Investment Insights
Based on property information with market context.
This property offers a 12,408-square-foot industrial building on 1.34 acres, combining warehouse space with approximately 3,888 square feet of office. The warehouse portion includes 14 to 18-foot ceilings and is currently demised into two sections, with the option to open into a single open bay for larger operations. Loading access is available through one 12-foot roll-up door, one 16-foot roll-up door, and an additional below-grade loading dock. The building also includes added storage above offices, ADA-compliant bathrooms, warehouse offices with A/C, and three-phase power.
Site access is provided off Sunbeam Road, with convenient connections to Philips Highway and San Jose Boulevard. The property is located in an established commercial corridor serving nearby residential and business communities, and it is approximately 6 miles from I-95 and about 3 miles from Baymeadows Road.
The layout supports a range of owner-user and light industrial needs that benefit from integrated administrative space and covered storage. A secured 40 by 50 industrial tent structure, anchored to a concrete pad, provides additional covered area for vehicles or equipment, complemented by a covered carport and ample on-site parking. A generator is also included, supporting operational continuity for eligible uses.
Site access is provided off Sunbeam Road, with convenient connections to Philips Highway and San Jose Boulevard. The property is located in an established commercial corridor serving nearby residential and business communities, and it is approximately 6 miles from I-95 and about 3 miles from Baymeadows Road.
The layout supports a range of owner-user and light industrial needs that benefit from integrated administrative space and covered storage. A secured 40 by 50 industrial tent structure, anchored to a concrete pad, provides additional covered area for vehicles or equipment, complemented by a covered carport and ample on-site parking. A generator is also included, supporting operational continuity for eligible uses.
Key Highlights
- 12,408 SF industrial building on 1.34 acres, built in 1994
- Warehouse includes 3,888 SF of office space with A/C, plus warehouse area with 14'-18' ceilings
- Loading access includes one 12' roll‑up door, one 16' roll‑up door, and an additional below‑grade loading dock
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
$178,452
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
5.95%
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%
$3,569,040
$3.6M
Cap Rate 7%
$2,549,314
$2.5M
Cap Rate 9%
$1,982,800
$2.0M
Market Conditions
NOI Build-Up for 12,408 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
$297.8K $24.00/SF
− Vacancy
−$59.9K −$4.82/SF
EGI
$237.9K $19.18/SF
− OpEx
−$59.5K −$4.79/SF
NOI
$178.5K $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 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%
$3,569,040
Cap Rate 7%
$2,549,314
Cap Rate 9%
$1,982,800
Alternative Uses
Best Use
Office B
$2.55M
$2.23M – $2.97M
NOI $178,452 @ 7.0% cap · market cap 5.95%
Second Best
Warehouse
$1.20M
$1.05M – $1.40M
NOI $83,720 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$3.40M
$2.97M – $3.97M
NOI $237,936 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
1
Dock-high doors
2
Drive-in doors
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32257, FL
41,439
Population
18,465
Households
2.2
Avg Household Size
40
Median Age
36%
College-Educated
93%
High-School Grad
12.3 sq mi
ZIP Area
3,369
Density / Sq Mi
$75,180
Median Household Income
$45,772
Median Earnings
$1,441
Median Rent
$305,000
Median Home Value
Market
Vacancy Rate% for Office in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Flexible industrial space with warehouse height, roll-up loading, and on-site office area with A/C.
Where is this warehouse located?
The property is located at 9624 Sunbeam Center Drive Jacksonville, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 12,408 SF industrial building on 1.34 acres, built in 1994; Warehouse includes 3,888 SF of office space with A/C, plus warehouse area with 14'-18' ceilings; Loading access includes one 12' roll‑up door, one 16' roll‑up door, and an additional below‑grade loading dock
