High-Exposure Corner Location in
1512 Cassat Ave Jacksonville, FL 32205
For Sale
$995,000
Prime automotive corridor location with high visibility and easy access.
Property Size8,663 SF
Lot Size1.01 Acres
Price / SF$114.86
Days on Market148
Property Features for 1512 Cassat Ave
General Information
- Standard status
- Active
- Size
- 8,663 SF
- Lot size
- 1.01 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1983
Listing Agency:
(904) 210-9878
Listed By:
Alex Evans · License #FL #CQ1053783
(904) 210-9878
Source:
Creprojax
Added: Feb 25
Changed: Jul 10
Last Checked: Jul 23 at 5:31AM
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 Alex Evans
Investment Insights
Based on property information with market context.
This property is situated on a corner location at Cassat Avenue and Park Street, within Jacksonville’s Westside Automotive Corridor. The site encompasses approximately 1.01 acres and features two buildings, offering a combined area of approximately 8,663 square feet of office and service space. Positioned at a four-way signalized intersection, the location benefits from traffic counts exceeding 21,000 vehicles per day, enhancing visibility and accessibility. The property is surrounded by major dealerships, including Nimnicht Chevrolet, Duval Ford, and Westside Hyundai. It is located approximately 1.5 miles from I-95 and roughly 4.5 miles from the I-10 and I-95 interchange. The property is suitable for automotive sales and service, retail showroom, or other commercial uses, with redevelopment potential in a growth corridor.
Key Highlights
- Prime corner location at Cassat Avenue and Park Street in Jacksonville’s Westside Automotive Corridor.
- High traffic counts exceeding 21,000 vehicles per day at a four‑way signalized intersection.
- Approximately 1.01 acres with two buildings totaling ±8,663 square feet of office and service space.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.8k | $8.40 |
| − Vacancy | −$4.0k | −$0.46 |
| EGI | $68.8k | $7.94 |
| − OpEx | −$20.6k | −$2.38 |
| NOI | $48.1k | $5.56 |
8,663 SF · lease $8.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.40M
$1.22M – $1.63M
NOI $97,911 @ 7.0% cap · market cap 9.84%
Second Best
Industrial
$687.7K
$601.7K – $802.3K
NOI $48,137 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,122 @ 7.0% cap · market cap 16.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Automotive properties
Similar Off Market Nearby
- Enterprise Rent-A-Car — 1430 Cassat Ave, Jacksonville, FL 32205
- Enterprise Truck Rental — 1705 Cassat Ave, Jacksonville, FL 32210
- Imagine Autos — 1290 Cassat Ave, Jacksonville, FL 32205
FAQs
What type of property is this?
Automotive property - Prime automotive corridor location with high visibility and easy access.
Where is this automotive property located?
The property is located at 1512 Cassat Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Prime corner location at Cassat Avenue and Park Street in Jacksonville’s Westside Automotive Corridor.; High traffic counts exceeding 21,000 vehicles per day at a four‑way signalized intersection.; Approximately 1.01 acres with two buildings totaling ±8,663 square feet of office and service space.
