Freestanding Storefront with Adjacent
For Sale
$119,000
1363 W 21ST Street, Jacksonville, FL 32209
Commercial Sale, Jacksonville, FL
Property Size528 SF
Lot Size0.09 Acres
Price / SF$225.38
Days on Market97
Property Features for 1363 W 21ST Street
General Information
Property type
Residential
Property subtype
Retail
Parking features
Off Street
Lot features
Corner Lot
Directions
Merge onto US-1 N/Martin Luther King Jr Pkwy Merge onto US-1 N/Martin Luther King Jr Pkwy Turn left at the 2nd cross street onto W 21st St Destination will be on the right
Subdivision
075-Trout River/College Park/Ribault Manor
Standard status
Active
APN
0865650000
Size
528 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
308
Utilities
Sewer type
Public Sewer
Building Details
Year built
1924
Listing Agency:
UNITED REAL ESTATE GALLERY
(904) 500-3948
Listed By:
TAQUILLA ALLEN
(205) 222-2743
Added: Jun 9
Changed: Aug 19
Last Checked: Sep 13 at 9:06AM
MLS# 2149693
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This storefront property combines a +/-528 SF freestanding building at 1363 W 21st St with a neighboring vacant parcel at 0 W 21st St. Together, the parcels comprise approximately 0.17 acres, offering an existing structure plus additional land for parking, outdoor use, expansion, or continued site control. The building was constructed in 1924 and is offered as-is.
The property is positioned near Moncrief Rd, Myrtle Ave, MLK Jr. Pkwy, W 20th St Expressway, I-95, and US-1/Main St, with access to Downtown Jacksonville and Jacksonville International Airport. Potential applications identified for the property include office, religious, nonprofit, community, professional service, beauty or barber, and local business uses, subject to zoning and buyer due diligence. Off-street parking and public sewer service are present.
The property is positioned near Moncrief Rd, Myrtle Ave, MLK Jr. Pkwy, W 20th St Expressway, I-95, and US-1/Main St, with access to Downtown Jacksonville and Jacksonville International Airport. Potential applications identified for the property include office, religious, nonprofit, community, professional service, beauty or barber, and local business uses, subject to zoning and buyer due diligence. Off-street parking and public sewer service are present.
Key Highlights
- Two‑parcel offering totaling approximately 0.17 acres
- Freestanding building measuring +/-528 SF
- Adjacent vacant parcel at 0 W 21st St
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
$5,968
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
5.02%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two-parcel commercial offering with off-street parking and public sewer service.
Where is this storefront property located?
The property is located at 1363 W 21ST Street 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: Two‑parcel offering totaling approximately 0.17 acres; Freestanding building measuring +/-528 SF; Adjacent vacant parcel at 0 W 21st St
