Functional Warehouse and Office
For Sale
Contact for pricing
1840 River Oaks Rd, Jacksonville, FL 32207
Industrial property with warehouse and office space in Jacksonville's Southside.
Property Size13,760 SF
Lot Size0.78 Acres
Price / SF$163.52
Days on Market180
Property Features for 1840 River Oaks Rd
General Information
Standard status
Active
Size
13,760 SF
Lot size
0.78 Acres
Property subtype
Industrial
Zoning
Light Industrial
Lease Type
NNN
Building Details
Year Renovated
2025
Tenancy
Single
Listing Agency:
Colliers - Jacksonville, Florida
(904) 415-0776
Listed By:
Oakley Wise · License #SL3571438
Source:
Crexi
Added: Feb 13
Changed: Aug 8
Last Checked: Aug 8 at 2:41PM
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 Colliers - Jacksonville, Florida
Investment Insights
Based on property information with market context.
The industrial property at 1830–1840 River Oaks Road, situated in Jacksonville’s Southside submarket, features 13,760 square feet of warehouse and office space on a 0.78-acre lot. The building offers a balanced layout, including approximately 11,700 square feet of warehouse area and 2,000 square feet of updated office space. This layout is suitable for owner-users or investors seeking immediate occupancy. The facility is equipped with multiple grade-level doors, a dock-high loading position, and clear heights ranging from 11 to 15 feet. A covered loading area and additional outdoor storage are also available. Recent capital improvements include a new roof with a long-term warranty and refreshed interiors. The property is located minutes from I-95, I-10, and Philips Highway, providing regional logistics access within an established industrial corridor. On-site parking is available, and there is potential for outdoor expansion.
Key Highlights
- Excellent location in Jacksonville's Southside, minutes from I‑95, I‑10, and Philips Highway.
- Functional warehouse and office space totaling 13,760± square feet.
- Balanced layout with approximately 11,700± square feet of warehouse space and 2,000± square feet of recently updated office space.
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
$149,723
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
6.65%
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%
$2,994,460
$3.0M
Cap Rate 7%
$2,138,900
$2.1M
Cap Rate 9%
$1,663,589
$1.7M
Market Conditions
NOI Build-Up for 13,760 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
$247.7K $18.00/SF
− Vacancy
−$17.3K −$1.26/SF
EGI
$230.3K $16.74/SF
− OpEx
−$80.6K −$5.86/SF
NOI
$149.7K $10.88/SF
Area
Jacksonville, FL
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$2,994,460
Cap Rate 7%
$2,138,900
Cap Rate 9%
$1,663,589
Alternative Uses
Best Use
Flex RnD
$2.14M
$1.87M – $2.50M
NOI $149,723 @ 7.0% cap · market cap 6.65%
Second Best
Warehouse
$1.33M
$1.16M – $1.55M
NOI $92,843 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $263,862 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32207, FL
36,207
Population
18,866
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
11.4 sq mi
ZIP Area
3,176
Density / Sq Mi
$60,875
Median Household Income
$45,478
Median Earnings
$1,139
Median Rent
$254,800
Median Home Value
Market
Vacancy Rate% for Industrial in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial property with warehouse and office space in Jacksonville's Southside.
Where is this flex space located?
The property is located at 1840 River Oaks Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Excellent location in Jacksonville's Southside, minutes from I‑95, I‑10, and Philips Highway.; Functional warehouse and office space totaling 13,760± square feet.; Balanced layout with approximately 11,700± square feet of warehouse space and 2,000± square feet of recently updated office space.
