Flex Building with Loading
For Sale
$425,000
2679 Beaver Street, Jacksonville, FL 32254
Two-level property combines storage areas with executive office and meeting space inside a fenced commercial setting.
Property Size2,533 SF
Days on Market99
Property Features for 2679 Beaver Street
General Information
Standard status
Active
Size
2,533 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$3,067
Amenities
conference room
mini kitchen
bathroom with shower
Building Details
Building Size
2,533 SF
Year Built
1940
Buildings
1
Stories
2
Units
1
Construction
concrete block
Listing Agency:
REALTY MASTERS, INC.
(904) 228-3480
Listed By:
GLENDA MARCHBANKS · License #0264003
(904) 228-3480
Source:
Bluekeypro
Added: May 6
Changed: Aug 12
Last Checked: Aug 12 at 12:25PM
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 REALTY MASTERS, INC.
Investment Insights
Based on property information with market context.
Built in 1940, this flex property combines lower-level storage with upper-level office improvements. The downstairs includes a loading dock and concrete-block storage rooms. Upstairs, the layout provides two offices, a sizable conference or board room, and a kitchenette. One of the bathrooms includes a shower.
The property is located at 2679 Beaver Street in Jacksonville, Florida, within a Commercial-zoned setting. A grassy parking area surrounds the building and is enclosed by a privacy fence, providing dedicated on-site parking for the property.
The property is located at 2679 Beaver Street in Jacksonville, Florida, within a Commercial-zoned setting. A grassy parking area surrounds the building and is enclosed by a privacy fence, providing dedicated on-site parking for the property.
Key Highlights
- Lower‑level loading dock serving concrete‑block storage rooms
- Upper‑level office area with two offices and a conference or board room
- Kitchenette and bathrooms, including one with a shower
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,430
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$728,600
$728.6K
Cap Rate 7%
$520,429
$520.4K
Cap Rate 9%
$404,778
$404.8K
Market Conditions
NOI Build-Up for 2,533 SF
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.
Gross rent
$60.8K $24.00/SF
− Vacancy
−$12.2K −$4.82/SF
EGI
$48.6K $19.18/SF
− OpEx
−$12.1K −$4.79/SF
NOI
$36.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$728,600
Cap Rate 7%
$520,429
Cap Rate 9%
$404,778
Alternative Uses
Best Use
Office B
$520.4K
$455.4K – $607.2K
NOI $36,430 @ 7.0% cap · market cap 8.57%
Second Best
Flex RnD
$393.7K
$344.5K – $459.4K
NOI $27,562 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$693.9K
$607.2K – $809.6K
NOI $48,573 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32254, FL
14,545
Population
6,331
Households
2.3
Avg Household Size
37
Median Age
10%
College-Educated
73%
High-School Grad
12.4 sq mi
ZIP Area
1,173
Density / Sq Mi
$36,449
Median Household Income
$29,443
Median Earnings
$1,111
Median Rent
$85,100
Median Home Value
Market
Vacancy Rate% for Office in Jacksonville, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two-level property combines storage areas with executive office and meeting space inside a fenced commercial setting.
Where is this flex space located?
The property is located at 2679 Beaver Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Lower‑level loading dock serving concrete‑block storage rooms; Upper‑level office area with two offices and a conference or board room; Kitchenette and bathrooms, including one with a shower
