Leased Strip Retail
New
For Sale
$2,950,000
1365 CASSAT, Jacksonville, FL 32205
CCG-1 zoning and recent improvements support the property’s current fully leased retail configuration.
Property Size12,150 SF
Lot Size0.81 Acres
Price / SF$245.83
Days on Market1
Property Features for 1365 CASSAT
General Information
Standard status
Active
Size
12,150 SF
Lot size
0.81 Acres
Property subtype
Commercial
Zoning
CCG-1
Occupancy
100%
Site & Location
Neighborhood
Murray Hill
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$17,624
Building Details
Building Size
12,150 SF
Year Built
1974
Tenancy
Multi
Listing Agency:
Petra
Listed By:
ELIAS HIONIDES · License #3246517
(904) 894-6620
Source:
Elliman
Added: Oct 23
Last Checked: Oct 23 at 4:59PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Jacksonville strip retail property contains approximately 12,000 SF on 0.81 acres. Built in 1974, the center is zoned CCG-1 and is fully leased, with tenants occupying space under new leases. Recent renovations have updated the property.
The property is located at 1365-1389 Cassat Ave in Jacksonville, Florida. WalkScore, BikeScore, and TransitScore are 23, 54, and 34, respectively.
The property is located at 1365-1389 Cassat Ave in Jacksonville, Florida. WalkScore, BikeScore, and TransitScore are 23, 54, and 34, respectively.
Key Highlights
- Approximately 12,000 SF of strip retail space on 0.81 acres
- 100% leased, with tenants on new leases
- CCG‑1 zoning
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
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 - CCG-1 zoning and recent improvements support the property’s current fully leased retail configuration.
Where is this strip mall located?
The property is located at 1365 CASSAT 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 of strip retail space on 0.81 acres; 100% leased, with tenants on new leases; CCG‑1 zoning
