Freestanding Retail Property on
1964 Cassat Ave Jacksonville, FL 32210
1964 Cassat Ave, Jacksonville, FL, 32210
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For Sale
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3,353 SF retail property with strong lease in Jacksonville.
Property Size3,353 SF
Price / SF$268.42
Days on Market171
Property Features for 1964 Cassat Ave
General Information
- Standard status
- Active
- Size
- 3,353 SF
- Property subtype
- Industrial, Retail
Building Details
- Year Built
- 1970
Listing Agency
Xera Realty Inc
Listed by
Matt Demir · License #FL
Source
Crexi
Added: Jan 28 Checked: Jul 17 at 4:38 am
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 Xera Realty Inc
Investment Insights
Based on property information with market context.
This 3,353 SF freestanding retail property is located at the signalized intersection of Cassat Ave and San Juan Ave in Jacksonville, Florida. The property benefits from high visibility and a combined Average Annual Daily Traffic (AADT) of approximately 51,600 vehicles. It is situated in one of Jacksonville’s busiest commercial corridors, surrounded by dense residential neighborhoods and a mix of national and local retailers. The property is backed by a long-term signed lease with Apex, providing dependable cash flow. This presents an attractive opportunity for investors seeking a secure, low-maintenance retail asset with strong visibility, solid tenancy, and consistent traffic.
Key Highlights
- Strong, long‑term lease with Apex provides immediate and dependable cash flow.
- Exceptional visibility at a signalized intersection with approximately 51,600 vehicles AADT.
- Freestanding 3,353 SF retail property.
Local Financial Insights For Retail
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 | $60.4k | $18.00 |
| − Vacancy | −$6.2k | −$1.85 |
| EGI | $54.1k | $16.15 |
| − OpEx | −$16.2k | −$4.84 |
| NOI | $37.9k | $11.30 |
3,353 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$541.4K
$473.7K – $631.6K
NOI $37,896 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$918.5K
$803.7K – $1.07M
NOI $64,297 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Famous Automotive & Tire ...
Auto Repair Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 3,353 SF retail property with strong lease in Jacksonville.
Where is this retail space located?
The property is located at 1964 Cassat Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Strong, long‑term lease with Apex provides immediate and dependable cash flow.; Exceptional visibility at a signalized intersection with approximately 51,600 vehicles AADT.; Freestanding 3,353 SF retail property.
