Freestanding Storefront with Extra
For Sale
$119,000
1363 W 21st St, Jacksonville, FL 32209
Small freestanding commercial building accompanied by an adjoining vacant parcel for parking, outdoor use, or future expansion.
Property Size528 SF
Lot Size0.17 Acres
Price / SF$225.38
Days on Market245
Property Features for 1363 W 21st St
General Information
Standard status
Active
Size
528 SF
Lot size
0.17 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1924
Buildings
1
Listing Agency:
UNITED REAL ESTATE GALLERY
Listed By:
TAQUILLA ALLEN
(205) 222-2743
Source:
Jacksonvilleflhomeguide
Added: Feb 17
Changed: Oct 1
Last Checked: Oct 19 at 7:13AM
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 UNITED REAL ESTATE GALLERY
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Investment Insights
Based on property information with market context.
This offering combines a freestanding 528-square-foot building at 1363 W 21st St with the adjoining vacant parcel at 0 W 21st St. Together, the two parcels comprise approximately 0.17 acres, giving the property both an existing commercial structure and additional site area. The property is being sold as-is.
The site is in Jacksonville’s Northwest Jacksonville / Moncrief Park area, near Moncrief Rd, Myrtle Ave, MLK Jr. Pkwy, W 20th St Expressway, I-95, and US-1 / Main St. Downtown Jacksonville and Jacksonville International Airport are accessible from the property. Potential applications identified for the site include office, religious, nonprofit, community, professional services, beauty or barber services, and local business operations, subject to zoning and buyer due diligence.
The site is in Jacksonville’s Northwest Jacksonville / Moncrief Park area, near Moncrief Rd, Myrtle Ave, MLK Jr. Pkwy, W 20th St Expressway, I-95, and US-1 / Main St. Downtown Jacksonville and Jacksonville International Airport are accessible from the property. Potential applications identified for the site include office, religious, nonprofit, community, professional services, beauty or barber services, and local business operations, subject to zoning and buyer due diligence.
Key Highlights
- 528 SF freestanding building at 1363 W 21st St
- Adjacent vacant parcel at 0 W 21st St included
- Approximately 0.17 acres of combined site area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,968
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$119,360
$119.4K
Cap Rate 7%
$85,257
$85.3K
Cap Rate 9%
$66,311
$66.3K
Market Conditions
NOI Build-Up for 528 SF
Gross rent
$9.5K $18.00/SF
− Vacancy
−$979 −$1.85/SF
EGI
$8.5K $16.15/SF
− OpEx
−$2.6K −$4.84/SF
NOI
$6.0K $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 Rate 5%
$119,360
Cap Rate 7%
$85,257
Cap Rate 9%
$66,311
Alternative Uses
Best Use
Retail
$85.3K
$74.6K – $99.5K
NOI $5,968 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$144.6K
$126.6K – $168.8K
NOI $10,125 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Electronics 38%
Dining 16%
Family Dollar
Shops & Services
6,042 visits/mo
0.3 miles
Boost Mobile
Electronics
2,725 visits/mo
0.3 miles
Metro by T-Mobile
Electronics
2,280 visits/mo
0.3 miles
Krispy Krunchy Chicken
Dining
2,037 visits/mo
0.3 miles
Demographics for 32209, FL
36,656
Population
17,706
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
82%
High-School Grad
9.3 sq mi
ZIP Area
3,942
Density / Sq Mi
$29,468
Median Household Income
$26,435
Median Earnings
$1,042
Median Rent
$92,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Storefront property - Small freestanding commercial building accompanied by an adjoining vacant parcel for parking, outdoor use, or future expansion.
Where is this storefront property located?
The property is located at 1363 W 21st St Jacksonville, FL.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: 528 SF freestanding building at 1363 W 21st St; Adjacent vacant parcel at 0 W 21st St included; Approximately 0.17 acres of combined site area
