2604 NEW BERLIN Road Jacksonville, FL 32226
One-acre commercial land parcel in a rapidly growing area.
Property Features for 2604 NEW BERLIN Road
General Information
- Standard status
- Active
- Size
- 1,208 SF
- Lot size
- 1.00 Acre
- Property subtype
- Land, Office, Retail
Building Details
- Year Built
- 1956
Listing office BELLE EPOQUE REALTY SERVICES LLC (904) 382-7695
Listing date Sep 26, 2024
Source Crexi
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 BELLE EPOQUE REALTY SERVICES LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location in a rapidly growing area of Jacksonville.
- Recently rezoned CO parcel suitable for commercial or office development.
- Approximately one acre in size.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.0k | $24.00 |
| − Vacancy | −$5.8k | −$4.82 |
| EGI | $23.2k | $19.18 |
| − OpEx | −$5.8k | −$4.79 |
| NOI | $17.4k | $14.38 |
