Historic Mixed-Use
For Sale
$375,000
Pending
2223 Herschel St Unit A, Jacksonville, FL 32204
Commercial and residential zoning supports office, residential, or live-work use with rear parking.
Property Size1,166 SF
Days on Market76
Property Features for 2223 Herschel St Unit A
General Information
Standard status
Pending
Size
1,166 SF
Property subtype
Commercial
Additional Details
Public Transit
Yes
Building Details
Year Built
1916
Construction
Craftsman
Listing Agency:
BETTER HOMES & GARDENS REAL ESTATE LIFESTYLES REALTY
Listed By:
TERESA DAVIS
(904) 612-3950
Source:
Exitonestop
Added: Aug 1
Changed: Oct 1
Last Checked: Oct 14 at 11:09PM
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 BETTER HOMES & GARDENS REAL ESTATE LIFESTYLES REALTY
Investment Insights
Based on property information with market context.
Constructed in 1916, this Craftsman-style property combines historic character with a flexible mixed-use profile. The building has operated as a professional office for 43 years and is zoned for both commercial and residential use. Its configuration supports continued office occupancy as well as residential or creative live-work applications, subject to applicable requirements.
The property is located in Jacksonville near Five Points, the Riverside Arts Market, St. Vincent's Hospital, Downtown, and EverBank Stadium. Walk Score is 72, Bike Score is 63, and Transit Score is 36. Rear parking and a high-and-dry setting add practical site features.
The property is located in Jacksonville near Five Points, the Riverside Arts Market, St. Vincent's Hospital, Downtown, and EverBank Stadium. Walk Score is 72, Bike Score is 63, and Transit Score is 36. Rear parking and a high-and-dry setting add practical site features.
Key Highlights
- 1916 construction with Craftsman‑style architecture
- Zoned for both commercial and residential use
- Used as a professional office for 43 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,769
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,380
$335.4K
Cap Rate 7%
$239,557
$239.6K
Cap Rate 9%
$186,322
$186.3K
Market Conditions
NOI Build-Up for 1,166 SF
Gross rent
$28.0K $24.00/SF
− Vacancy
−$5.6K −$4.82/SF
EGI
$22.4K $19.18/SF
− OpEx
−$5.6K −$4.79/SF
NOI
$16.8K $14.38/SF
Area
Jacksonville, FL
Vacancy
20.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,380
Cap Rate 7%
$239,557
Cap Rate 9%
$186,322
Alternative Uses
Best Use
Office B
$239.6K
$209.6K – $279.5K
NOI $16,769 @ 7.0% cap · market cap 4.47%
Second Best
Mixed Use
$219.9K
$192.4K – $256.5K
NOI $15,391 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$319.4K
$279.5K – $372.7K
NOI $22,359 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
3,270
Businesses Nearby
Explore this area
Business Placement
Demographics for 32204, FL
8,673
Population
5,342
Households
1.6
Avg Household Size
39
Median Age
41%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,212
Density / Sq Mi
$54,462
Median Household Income
$47,872
Median Earnings
$1,132
Median Rent
$342,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Jacksonville, FL
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential zoning supports office, residential, or live-work use with rear parking.
Where is this mixed-use property located?
The property is located at 2223 Herschel St Unit A Jacksonville, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1916 construction with Craftsman‑style architecture; Zoned for both commercial and residential use; Used as a professional office for 43 years
