Fully Leased Retail
1365-1389 Cassat Ave, Jacksonville, FL 32205
For Sale
Contact for pricing
The property is zoned CCG-1 and occupies a commercial corridor near retail, service businesses, and residential communities.
Property Size12,000 SF
Lot Size0.81 Acres
Price / SF$245.83
Days on Market31
Property Features for 1365-1389 Cassat Ave
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
Petra
Listed By:
Ashleigh Shim · License FL SL3573882
(904) 962-2655
Source:
Crexi
Added: Oct 12
Changed: Nov 8
Last Checked: Nov 10 at 7:03AM
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 Petra
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Investment Insights
Based on property information with market context.
This strip retail property encompasses approximately 12,000 SF on a 0.81-acre site. It is fully leased and carries CCG-1 zoning, with its address spanning 1365–1389 Cassat Ave in Jacksonville.
The site is along an established commercial corridor, near a mix of retail and service businesses as well as residential communities. It also has access to major Jacksonville thoroughfares and is near Downtown Jacksonville and surrounding employment centers.
The site is along an established commercial corridor, near a mix of retail and service businesses as well as residential communities. It also has access to major Jacksonville thoroughfares and is near Downtown Jacksonville and surrounding employment centers.
Key Highlights
- Approximately 12,000 SF on 0.81 acres
- 100% leased
- Zoned CCG‑1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,626
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,712,520
$2.7M
Cap Rate 7%
$1,937,514
$1.9M
Cap Rate 9%
$1,506,956
$1.5M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$216.0K $18.00/SF
− Vacancy
−$22.2K −$1.85/SF
EGI
$193.8K $16.15/SF
− OpEx
−$58.1K −$4.84/SF
NOI
$135.6K $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%
$2,712,520
Cap Rate 7%
$1,937,514
Cap Rate 9%
$1,506,956
Alternative Uses
Best Use
Retail
$1.94M
$1.70M – $2.26M
NOI $135,626 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,112 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
25k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
11,924 visits/mo
0.3 miles
Butler Toyota Jacksonville
Shops & Services
4,966 visits/mo
0.3 miles
Enterprise Rent-A-Car
Shops & Services
3,433 visits/mo
0.1 miles
Duval Ford
Shops & Services
2,267 visits/mo
0.5 miles
Byrider
Shops & Services
1,276 visits/mo
0.3 miles
Demographics for 32205, FL
29,605
Population
16,188
Households
1.8
Avg Household Size
37
Median Age
36%
College-Educated
90%
High-School Grad
7.7 sq mi
ZIP Area
3,845
Density / Sq Mi
$60,609
Median Household Income
$43,122
Median Earnings
$1,190
Median Rent
$257,900
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
Frequently Asked Questions
What type of property is this?
Strip mall - The property is zoned CCG-1 and occupies a commercial corridor near retail, service businesses, and residential communities.
Where is this strip mall located?
The property is located at 1365-1389 Cassat Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Approximately 12,000 SF on 0.81 acres; 100% leased; Zoned CCG‑1
