Jacksonville Industrial Building for
For Sale
$3,500,000
2127 Hubbard St, Jacksonville, FL 32206
45,732 SF industrial building on 3.03 acres in Jacksonville.
Property Size45,732 SF
Lot Size3.03 Acres
Price / SF$76.53
Days on Market186
Property Features for 2127 Hubbard St
General Information
Standard status
Active
Size
45,732 SF
Lot size
3.03 Acres
Property subtype
Industrial
Building Details
Building Size
45,732 SF
Year Built
1952
Listing Agency:
SVR Commercial
Listed By:
Jeffrey Terwilliger · License #FL #BK3122117
(607) 745-0364
Source:
Svrcommercial
Added: Mar 27
Changed: Sep 10
Last Checked: Sep 28 at 5:51AM
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 SVR Commercial
Investment Insights
Based on property information with market context.
The property at 2127 Hubbard St, Jacksonville, FL 32206 is a single-story industrial building totaling 45,732 square feet, situated on 3.03 acres. The building includes approximately 5,000 square feet of office space, 15,230 square feet designated for manufacturing, and 23,650 square feet of warehouse space. Zoned for light industrial use, the property is suitable for a variety of industrial and commercial operations. Its location in the Springfield district, adjacent to the railway and near major transportation routes such as I-95, I-10, and the I-295 beltway, makes it accessible. The property is positioned in an active industrial area undergoing redevelopment and neighborhood improvements. The location is near major roadways and JAXPORT shipyards.
Key Highlights
- 45,732 SF single‑story industrial building on 3.03 acres.
- Light industrial zoning accommodates a wide range of uses.
- Located adjacent to railway and major transportation arteries (I‑95, I‑10, I‑295).
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
$254,114
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
7.26%
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%
$5,082,280
$5.1M
Cap Rate 7%
$3,630,200
$3.6M
Cap Rate 9%
$2,823,489
$2.8M
Market Conditions
NOI Build-Up for 45,732 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
$384.1K $8.40/SF
− Vacancy
−$21.1K −$0.46/SF
EGI
$363.0K $7.94/SF
− OpEx
−$108.9K −$2.38/SF
NOI
$254.1K $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%
$5,082,280
Cap Rate 7%
$3,630,200
Cap Rate 9%
$2,823,489
Alternative Uses
Best Use
Flex RnD
$7.11M
$6.22M – $8.29M
NOI $497,610 @ 7.0% cap · market cap 14.22%
Second Best
Industrial
$3.63M
$3.18M – $4.24M
NOI $254,114 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$12.53M
$10.96M – $14.62M
NOI $876,957 @ 7.0% cap · market cap 25.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,125
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Jacksonville, FL
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Frequently Asked Questions
What type of property is this?
Flex space - 45,732 SF industrial building on 3.03 acres in Jacksonville.
Where is this flex space located?
The property is located at 2127 Hubbard St Jacksonville, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 45,732 SF single‑story industrial building on 3.03 acres.; Light industrial zoning accommodates a wide range of uses.; Located adjacent to railway and major transportation arteries (I‑95, I‑10, I‑295).
