Clear-Span Manufacturing
For Sale
$895,000
1408 Haines Street, Jacksonville, FL 32206
IH-zoned facility with durable masonry construction and access to MLK Jr Parkway.
Property Size7,294 SF
Lot Size0.50 Acres
Price / SF$122.70
Days on Market166
Property Features for 1408 Haines Street
General Information
Standard status
Active
Size
7,294 SF
Lot size
0.50 Acres
Property subtype
Factory
Zoning
IH - Heavy Industrial
Additional Details
Asking Price
$895,000
Road Access
Yes
Clear Span
Yes
Building Details
Building Size
7,294 SF
Year Built
1980
Construction
Steel Clear Span Structure & Block and Brick Exterior
Properties For Sale
at 1408 Haines Street Contact us- Size
- 7,294 SF
- Lease Type
- NNN
Full Building
Listing Agency:
Franklin Street
(904) 834-9809
Listed By:
Jake Ammon, CCIM · License ##BK3402508
(904) 834-9809
Source:
Thebrokerlist
Added: Mar 18
Changed: Aug 29
Last Checked: Aug 29 at 7:51PM
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 Franklin Street
Investment Insights
Based on property information with market context.
Built in 1980, this manufacturing property contains 7,294 SF within a steel clear-span structure. The exterior combines block and brick construction, providing a durable building envelope for industrial operations. The property encompasses 0.5 acres and carries IH, Heavy Industrial zoning.
Located on Haines Street, the facility offers access and visibility to MLK Jr Parkway, with connections to major transportation routes. The property is offered for sale or lease, supporting both owner-user and occupancy considerations.
Located on Haines Street, the facility offers access and visibility to MLK Jr Parkway, with connections to major transportation routes. The property is offered for sale or lease, supporting both owner-user and occupancy considerations.
Key Highlights
- 7,294 SF manufacturing building
- 0.5 Acres of land
- IH - Heavy Industrial zoning
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
$40,530
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
4.53%
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%
$810,600
$810.6K
Cap Rate 7%
$579,000
$579.0K
Cap Rate 9%
$450,333
$450.3K
Market Conditions
NOI Build-Up for 7,294 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
$61.3K $8.40/SF
− Vacancy
−$3.4K −$0.46/SF
EGI
$57.9K $7.94/SF
− OpEx
−$17.4K −$2.38/SF
NOI
$40.5K $5.56/SF
Area
Jacksonville, FL
Vacancy
5.50%
Lease Rate
$8.40 /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%
$810,600
Cap Rate 7%
$579,000
Cap Rate 9%
$450,333
Alternative Uses
Best Use
Industrial
$579.0K
$506.6K – $675.5K
NOI $40,530 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,870 @ 7.0% cap · market cap 15.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
751
Businesses Nearby
Explore this area
Business Placement
Demographics for 32206, FL
18,283
Population
9,415
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
82%
High-School Grad
6.2 sq mi
ZIP Area
2,949
Density / Sq Mi
$37,585
Median Household Income
$34,353
Median Earnings
$866
Median Rent
$153,500
Median Home Value
Market
Vacancy Rate% for Industrial in Jacksonville, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - IH-zoned facility with durable masonry construction and access to MLK Jr Parkway.
Where is this manufacturing property located?
The property is located at 1408 Haines Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 7,294 SF manufacturing building; 0.5 Acres of land; IH - Heavy Industrial zoning
