Flex Property with
For Sale
$499,000
15325 N MAIN Street, Jacksonville, FL 32218
Office and warehouse areas are combined within a CCG-2-zoned commercial property.
Property Size1,574 SF
Lot Size0.31 Acres
Price / SF$317.03
Days on Market12
Property Features for 15325 N MAIN Street
General Information
Standard status
Active
Size
1,574 SF
Lot size
0.31 Acres
Zoning
CCG-2
Warehouse & Industrial
Warehouse Space
1,600 SF
Office Build-Out
1,574 SF
Building Details
Year Built
1951
Buildings
1
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Listed By:
GARY DENMAN
Source:
Endlesssummerrealty
Added: Aug 1
Changed: Aug 11
Last Checked: Aug 12 at 6:14AM
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 BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Investment Insights
Based on property information with market context.
Located at 15325 N MAIN Street in Jacksonville, this flex property combines dedicated office space with a rear warehouse. The 1,574-square-foot office area includes a conference room, multiple work areas, a reception zone, kitchen, and bathroom. The adjoining warehouse provides an additional 1,600 square feet, creating a practical office-and-storage configuration on 0.31 acres.
The property carries CCG-2 Commercial zoning, identified as Community/General-2. Permitted uses listed for this zoning include auto sales and repair, large retail centers, restaurants, offices, and storage yards. Built in 1951, the property offers a combination of enclosed commercial improvements and land within Jacksonville’s 32218 ZIP code.
The property carries CCG-2 Commercial zoning, identified as Community/General-2. Permitted uses listed for this zoning include auto sales and repair, large retail centers, restaurants, offices, and storage yards. Built in 1951, the property offers a combination of enclosed commercial improvements and land within Jacksonville’s 32218 ZIP code.
Key Highlights
- 1,574 SF office area with conference room, work areas, reception zone, kitchen, and bathroom
- 1,600 SF warehouse positioned behind the office portion
- 0.31 acres of commercial land
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
$22,042
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
4.42%
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%
$440,840
$440.8K
Cap Rate 7%
$314,886
$314.9K
Cap Rate 9%
$244,911
$244.9K
Market Conditions
NOI Build-Up for 1,574 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
$37.8K $24.00/SF
− Vacancy
−$8.4K −$5.33/SF
EGI
$29.4K $18.67/SF
− OpEx
−$7.3K −$4.67/SF
NOI
$22.0K $14.00/SF
Area
ZIP 32218
Vacancy
22.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$440,840
Cap Rate 7%
$314,886
Cap Rate 9%
$244,911
Alternative Uses
Best Use
Office B
$314.9K
$275.5K – $367.4K
NOI $22,042 @ 7.0% cap · market cap 4.42%
Second Best
Flex RnD
$157.8K
$138.1K – $184.2K
NOI $11,049 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$419.9K
$367.4K – $489.8K
NOI $29,390 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,056
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32218, FL
67,040
Population
27,895
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
96.7 sq mi
ZIP Area
693
Density / Sq Mi
$68,363
Median Household Income
$37,322
Median Earnings
$1,416
Median Rent
$260,300
Median Home Value
Market
Vacancy Rate% for Office in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas are combined within a CCG-2-zoned commercial property.
Where is this flex space located?
The property is located at 15325 N MAIN Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,574 SF office area with conference room, work areas, reception zone, kitchen, and bathroom; 1,600 SF warehouse positioned behind the office portion; 0.31 acres of commercial land
