Private Office Unit in Blackstone
For Sale
$189,000
233 E Bay St Unit 1016, Jacksonville, FL 32202
Turnkey professional workspace with utilities incorporated into the lease.
Property Size818 SF
Price / SF$231.05
Days on Market81
Property Features for 233 E Bay St Unit 1016
General Information
Standard status
Active
Size
818 SF
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1974
Listing Agency:
COLDWELL BANKER COMMERCIAL PREMIER PROPERTIES
Listed By:
Eric Maimo · License #3254822
(904) 537-6443
Source:
Livewelltampabay
Added: Jul 28
Changed: Oct 6
Last Checked: Oct 7 at 4:55PM
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 COMMERCIAL PREMIER PROPERTIES
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Investment Insights
Based on property information with market context.
This 818-square-foot office unit occupies the Blackstone Building at 233 E Bay St Unit 1016 in Downtown Jacksonville. The space is configured as a private office suite designed for professional use, providing an established workspace within a 1974-built commercial property.
The offering includes a turnkey arrangement with utilities incorporated into the lease, simplifying occupancy and ongoing office administration. Its Downtown Jacksonville setting places the unit within the city’s central business environment.
The offering includes a turnkey arrangement with utilities incorporated into the lease, simplifying occupancy and ongoing office administration. Its Downtown Jacksonville setting places the unit within the city’s central business environment.
Key Highlights
- 818‑square‑foot office unit
- Private office suite in the Blackstone Building
- Utilities incorporated into the lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,764
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,280
$235.3K
Cap Rate 7%
$168,057
$168.1K
Cap Rate 9%
$130,711
$130.7K
Market Conditions
NOI Build-Up for 818 SF
Gross rent
$19.6K $24.00/SF
− Vacancy
−$3.9K −$4.82/SF
EGI
$15.7K $19.18/SF
− OpEx
−$3.9K −$4.79/SF
NOI
$11.8K $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%
$235,280
Cap Rate 7%
$168,057
Cap Rate 9%
$130,711
Alternative Uses
Best Use
Office B
$168.1K
$147.1K – $196.1K
NOI $11,764 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$224.1K
$196.1K – $261.4K
NOI $15,686 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Office units - Turnkey professional workspace with utilities incorporated into the lease.
Where is this office units located?
The property is located at 233 E Bay St Unit 1016 Jacksonville, FL.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 818‑square‑foot office unit; Private office suite in the Blackstone Building; Utilities incorporated into the lease
