Office Suite in Blackstone
For Sale
$674,850
233 E BAY Street L-04, Jacksonville, FL 32202
For sale office suite with utilities included and in-suite trash removal plus maintained restrooms and common areas.
Property Size2,454 SF
Days on Market123
Property Features for 233 E BAY Street L-04
General Information
Standard status
Active
Size
2,454 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$2,455
Building Details
Building Size
2,454 SF
Year Built
1974
Listing Agency:
COLDWELL BANKER PREMIER PROPERTIES
Listed By:
ERIC MAIMO · License #3254822
(904) 537-6443
Source:
Houseandhavenrealty
Added: Jun 22
Changed: Oct 18
Last Checked: Oct 21 at 5:28AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in the Blackstone Building at 233 East Bay Street in Downtown Jacksonville, this office suite offers a turnkey setup for professional use. The space is approximately 2,454 square feet and is supported by building-maintained amenities, including fully maintained restrooms and common areas.
According to the property remarks, this opportunity is positioned in the heart of Downtown Jacksonville for convenient day-to-day operations and client access. The building includes all utilities as part of the offering, and the suite is supported by in-suite trash removal services.
This suite is suited for a range of professional office users who want a managed, service-supported workplace. With utilities included and ongoing maintenance for restrooms and common areas, the space is designed to reduce operational friction for office teams and help keep the day-to-day environment consistent for occupants and visitors.
According to the property remarks, this opportunity is positioned in the heart of Downtown Jacksonville for convenient day-to-day operations and client access. The building includes all utilities as part of the offering, and the suite is supported by in-suite trash removal services.
This suite is suited for a range of professional office users who want a managed, service-supported workplace. With utilities included and ongoing maintenance for restrooms and common areas, the space is designed to reduce operational friction for office teams and help keep the day-to-day environment consistent for occupants and visitors.
Key Highlights
- Office suite in the Blackstone Building with year built 1974
- Utilities included
- In‑suite trash removal service included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,293
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,860
$705.9K
Cap Rate 7%
$504,186
$504.2K
Cap Rate 9%
$392,144
$392.1K
Market Conditions
NOI Build-Up for 2,454 SF
Gross rent
$58.9K $24.00/SF
− Vacancy
−$11.8K −$4.82/SF
EGI
$47.1K $19.18/SF
− OpEx
−$11.8K −$4.79/SF
NOI
$35.3K $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%
$705,860
Cap Rate 7%
$504,186
Cap Rate 9%
$392,144
Alternative Uses
Best Use
Office B
$504.2K
$441.2K – $588.2K
NOI $35,293 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$672.3K
$588.2K – $784.3K
NOI $47,058 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Office unit - For sale office suite with utilities included and in-suite trash removal plus maintained restrooms and common areas.
Where is this office unit located?
The property is located at 233 E BAY Street L-04 Jacksonville, FL.
What is the asking price?
The asking price for this property is $674,850.
What are key features of this property?
This property features: Office suite in the Blackstone Building with year built 1974; Utilities included; In‑suite trash removal service included
