Downtown Jacksonville Office in
For Sale
$1,093,275
233 E BAY Street 901, Jacksonville, FL 32202
Professional office space in Jacksonville's Blackstone Building on E Bay.
Property Size4,859 SF
Price / SF$225
Days on Market149
Property Features for 233 E BAY Street 901
General Information
Standard status
Active
Size
4,859 SF
Taxes and HOA fees
Annual Taxes
$3,359
Amenities
Assigned, Parking Lot
Building Details
Year Built
1974
Stories
11
Listing Agency:
COLDWELL BANKER PREMIER PROPERTIES
Listed By:
ERIC MAIMO · License #3254822
(904) 537-6443
Source:
Evrealestate
Added: May 27
Changed: Oct 15
Last Checked: Oct 20 at 8:36PM
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 COLDWELL BANKER PREMIER PROPERTIES
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Investment Insights
Based on property information with market context.
Located in Jacksonville's Blackstone Building on E Bay Street, this office space overlooks the St. John's River. The property is situated in Downtown Jacksonville and is suited for a variety of professional office uses. The individual office suites are designed to provide a comfortable and productive workspace. All utilities are seamlessly integrated into the lease, offering a turnkey solution.
Key Highlights
- Prestigious Blackstone Building in Downtown Jacksonville.
- Overlooking the St. John's River.
- Prime location suited for various professional office uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,882
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,397,640
$1.4M
Cap Rate 7%
$998,314
$998.3K
Cap Rate 9%
$776,467
$776.5K
Market Conditions
NOI Build-Up for 4,859 SF
Gross rent
$116.6K $24.00/SF
− Vacancy
−$23.4K −$4.82/SF
EGI
$93.2K $19.18/SF
− OpEx
−$23.3K −$4.79/SF
NOI
$69.9K $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%
$1,397,640
Cap Rate 7%
$998,314
Cap Rate 9%
$776,467
Alternative Uses
Best Use
Office B
$998.3K
$873.5K – $1.16M
NOI $69,882 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,176 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,563
Businesses Nearby
Explore this area
Business Placement
Demographics for 32202, FL
6,544
Population
2,789
Households
2.3
Avg Household Size
38
Median Age
17%
College-Educated
78%
High-School Grad
2.0 sq mi
ZIP Area
3,272
Density / Sq Mi
$40,070
Median Household Income
$30,938
Median Earnings
$1,024
Median Rent
$229,100
Median Home Value
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Market
Vacancy Rate% for Office in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Office unit - Professional office space in Jacksonville's Blackstone Building on E Bay.
Where is this office unit located?
The property is located at 233 E BAY Street 901 Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,093,275.
What are key features of this property?
This property features: Prestigious Blackstone Building in Downtown Jacksonville.; Overlooking the St. John's River.; Prime location suited for various professional office uses.
