Single-Story Office and Production
For Sale
$4,000,000
758 W Duval St, Jacksonville, FL 32202
Single-story facility with prominent plate glass frontage, flexible open layout, and about 16-foot interior height.
Property Size18,793 SF
Lot Size1.45 Acres
Price / SF$212.85
Days on Market193
Property Features for 758 W Duval St
General Information
Standard status
Active
Size
18,793 SF
Class
B
Lot size
1.45 Acres
Property subtype
Office
Lease Type
NNN
Additional Details
Highway Access
Yes
Clear Height
16 ft
Building Details
Building Size
18,793 SF
Year Built
2003
Stories
1
Construction
concrete block
Listed By:
Alex Evans · License #FL #CQ1053783
(904) 210-9878
Source:
Creprojax
Added: Feb 25
Changed: Sep 3
Last Checked: Sep 5 at 6:26AM
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 Alex Evans
Investment Insights
Based on property information with market context.
Single-story office and production facility totaling approximately 18,793 square feet on 1.45 acres. The building features concrete block construction, prominent plate glass frontage, and a flexible open floor plan supported by multiple restrooms and open production areas with office space. Interior height is about 16 feet, providing additional room for operational flexibility. The prior use described is a former dental laboratory, making the space suitable for office, medical laboratory, or creative workspace configurations.
Located in downtown Jacksonville in the Northbank LaVilla district with quick access to I-95 and I-10. The property is being offered for sale and will be delivered vacant and ready for immediate occupancy by a new owner-user or tenant, with concrete delivery details stated by the owner.
Located in downtown Jacksonville in the Northbank LaVilla district with quick access to I-95 and I-10. The property is being offered for sale and will be delivered vacant and ready for immediate occupancy by a new owner-user or tenant, with concrete delivery details stated by the owner.
Key Highlights
- Single‑story office/production facility built in 2003 with approximately 18,793 SF on 1.45 acres
- Vacant delivery for immediate occupancy, ready for a new owner user or tenant
- About 16‑foot interior height with a flexible open floor plan and multiple restrooms
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
$304,447
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
7.61%
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%
$6,088,940
$6.1M
Cap Rate 7%
$4,349,243
$4.3M
Cap Rate 9%
$3,382,744
$3.4M
Market Conditions
NOI Build-Up for 18,793 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
$563.8K $30.00/SF
− Vacancy
−$56.4K −$3.00/SF
EGI
$507.4K $27.00/SF
− OpEx
−$203.0K −$10.80/SF
NOI
$304.4K $16.20/SF
Area
Jacksonville, FL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
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%
$6,088,940
Cap Rate 7%
$4,349,243
Cap Rate 9%
$3,382,744
Alternative Uses
Best Use
Healthcare Medical
$4.35M
$3.81M – $5.07M
NOI $304,447 @ 7.0% cap · market cap 7.61%
Second Best
Office B
$3.86M
$3.38M – $4.50M
NOI $270,281 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$5.15M
$4.50M – $6.01M
NOI $360,375 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,707
Businesses Nearby
Explore this area
Business Placement
Demographics for 32202, FL
6,544
Population
2,789
Households
2.3
Avg Household Size
38
Median Age
17%
College-Educated
78%
High-School Grad
2.0 sq mi
ZIP Area
3,272
Density / Sq Mi
$40,070
Median Household Income
$30,938
Median Earnings
$1,024
Median Rent
$229,100
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?
Office building - Single-story facility with prominent plate glass frontage, flexible open layout, and about 16-foot interior height.
Where is this office building located?
The property is located at 758 W Duval St Jacksonville, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Single‑story office/production facility built in 2003 with approximately 18,793 SF on 1.45 acres; Vacant delivery for immediate occupancy, ready for a new owner user or tenant; About 16‑foot interior height with a flexible open floor plan and multiple restrooms
