Four-Building Flex
For Sale
Contact for pricing
2472 Dennis Street, Jacksonville, FL 32204
Four-building industrial property with multiple loading points and IL Light Industrial zoning.
Property Size47,552 SF
Lot Size2.51 Acres
Price / SF$83.70
Days on Market59
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 2472 Dennis Street
General Information
Standard status
Active
Size
47,552 SF
Lot size
2.51 Acres
Property subtype
Industrial
Zoning
IL Light Industrial
Investment Type
Redevelopment
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Building Details
Buildings
4
Listing Agency:
NAI Hallmark
Listed By:
Jason Purdy · License #FL 3354221
(850) 287-2697
Source:
Crexi
Added: Aug 18
Changed: Oct 13
Last Checked: Oct 14 at 11:27PM
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 NAI Hallmark
Investment Insights
Based on property information with market context.
This flex-space property includes four industrial buildings totaling 47,552 SF on a 2.51-acre site. Multiple loading points serve the improvements, while IL Light Industrial zoning supports the property’s industrial classification. The configuration is identified for owner-user, development, or investment applications.
Located at 2472 Dennis Street in Jacksonville, the property is near Downtown Jacksonville, west of I-95 and north of I-10. Its position places the site near major transportation corridors and the urban core. The property is also within an Opportunity Zone.
Located at 2472 Dennis Street in Jacksonville, the property is near Downtown Jacksonville, west of I-95 and north of I-10. Its position places the site near major transportation corridors and the urban core. The property is also within an Opportunity Zone.
Key Highlights
- 47,552 SF industrial property on 2.51 acres
- Four‑building flex‑space configuration
- Multiple loading points across the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$320,848
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,416,960
$6.4M
Cap Rate 7%
$4,583,543
$4.6M
Cap Rate 9%
$3,564,978
$3.6M
Market Conditions
NOI Build-Up for 47,552 SF
Gross rent
$399.4K $8.40/SF
− Vacancy
−$22.0K −$0.46/SF
EGI
$377.5K $7.94/SF
− OpEx
−$56.6K −$1.19/SF
NOI
$320.8K $6.75/SF
Area
Jacksonville, FL
Vacancy
5.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,416,960
Cap Rate 7%
$4,583,543
Cap Rate 9%
$3,564,978
Alternative Uses
Best Use
Flex RnD
$7.39M
$6.47M – $8.62M
NOI $517,413 @ 7.0% cap · market cap 13.00%
Second Best
Warehouse
$4.58M
$4.01M – $5.35M
NOI $320,848 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$13.03M
$11.40M – $15.20M
NOI $911,857 @ 7.0% cap · market cap 22.91%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32204, FL
8,673
Population
5,342
Households
1.6
Avg Household Size
39
Median Age
41%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,212
Density / Sq Mi
$54,462
Median Household Income
$47,872
Median Earnings
$1,132
Median Rent
$342,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Jacksonville, FL
Similar Off Market Nearby
- Granny G's food truck — 322 Belfort St, Jacksonville, FL 32204
Frequently Asked Questions
What type of property is this?
Flex space - Four-building industrial property with multiple loading points and IL Light Industrial zoning.
Where is this flex space located?
The property is located at 2472 Dennis Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $3,980,000.
What are key features of this property?
This property features: 47,552 SF industrial property on 2.51 acres; Four‑building flex‑space configuration; Multiple loading points across the property
