Private Office Units in Blackstone
For Sale
$1,093,275
233 E Bay St Unit 901, Jacksonville, FL 32202
Turnkey professional suites include utilities for streamlined occupancy and day-to-day operations.
Property Size4,859 SF
Price / SF$225
Days on Market213
Property Features for 233 E Bay St Unit 901
General Information
Standard status
Active
Size
4,859 SF
Property subtype
Commercial
Building Details
Year Built
1974
Listing Agency:
COLDWELL BANKER PREMIER PROPERTIES
Listed By:
ERIC MAIMO · License #3254822
(904) 537-6443
Source:
Myfirstcoasthomesearch
Added: Mar 17
Changed: Oct 1
Last Checked: Oct 14 at 11:06PM
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
Investment Insights
Based on property information with market context.
The Blackstone Building offers private office suites within a 4,859-square-foot professional property completed in 1974. Individual offices are configured as dedicated workspaces for professional use, providing occupants with a defined setting for daily business activities.
Located at 233 E Bay St Unit 901 in Downtown Jacksonville, the property places office users in a central urban setting. Utilities are included as part of the lease arrangement, creating a simplified occupancy structure for businesses seeking furnished operational convenience without separately managing utility accounts.
Located at 233 E Bay St Unit 901 in Downtown Jacksonville, the property places office users in a central urban setting. Utilities are included as part of the lease arrangement, creating a simplified occupancy structure for businesses seeking furnished operational convenience without separately managing utility accounts.
Key Highlights
- 4,859‑square‑foot office property
- Private office suites for professional users
- Utilities included in the lease arrangement
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.
How Realmo checks its estimates
Property Analytics
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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
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?
Office units - Turnkey professional suites include utilities for streamlined occupancy and day-to-day operations.
Where is this office units located?
The property is located at 233 E Bay St Unit 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: 4,859‑square‑foot office property; Private office suites for professional users; Utilities included in the lease arrangement
