Vacant Retail
2350 Market Drive, Fleming Island, FL 32003
For Sale
Contact for pricing
Vacant commercial space in a building constructed in 2010.
Property Size6,512 SF
Price / SF$225
Days on Market101
Property Features for 2350 Market Drive
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Matthews
Listed By:
Clay Smith · License TN #361676
Source:
Crexi
Added: Aug 3
Changed: Nov 10
Last Checked: Nov 10 at 6:04AM
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 Matthews
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Investment Insights
Based on property information with market context.
This vacant retail property contains 6,512 square feet within a building completed in 2010. The site is identified as an early education center and is located at 2350 Market Drive in Fleming Island, Florida.
The property is positioned in the Jacksonville MSA and benefits from reported traffic volume exceeding 35,000 vehicles per day. Its retail classification and existing commercial building provide a defined base for evaluating future occupancy or reuse.
The property is positioned in the Jacksonville MSA and benefits from reported traffic volume exceeding 35,000 vehicles per day. Its retail classification and existing commercial building provide a defined base for evaluating future occupancy or reuse.
Key Highlights
- 6,512‑square‑foot vacant retail property
- Building constructed in 2010
- Identified as an early education center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,798
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,915,960
$1.9M
Cap Rate 7%
$1,368,543
$1.4M
Cap Rate 9%
$1,064,422
$1.1M
Market Conditions
NOI Build-Up for 6,512 SF
Gross rent
$143.0K $21.96/SF
− Vacancy
−$6.1K −$0.94/SF
EGI
$136.9K $21.02/SF
− OpEx
−$41.1K −$6.30/SF
NOI
$95.8K $14.71/SF
Area
Clay County, FL
Vacancy
4.30%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,915,960
Cap Rate 7%
$1,368,543
Cap Rate 9%
$1,064,422
Alternative Uses
Best Use
Retail
$1.37M
$1.20M – $1.60M
NOI $95,798 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,592 @ 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
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 32003, FL
29,142
Population
11,842
Households
2.5
Avg Household Size
44
Median Age
48%
College-Educated
98%
High-School Grad
15.8 sq mi
ZIP Area
1,844
Density / Sq Mi
$119,046
Median Household Income
$59,895
Median Earnings
$1,918
Median Rent
$387,400
Median Home Value
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Market
Properties on Market for Retail space in Clay County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Vacant commercial space in a building constructed in 2010.
Where is this retail space located?
The property is located at 2350 Market Drive Fleming Island, FL.
What is the asking price?
The asking price for this property is $1,465,200.
What are key features of this property?
This property features: 6,512‑square‑foot vacant retail property; Building constructed in 2010; Identified as an early education center
