Flex Space with Loading
For Sale
$425,000
2679 BEAVER Street, Jacksonville, FL 32254
Commercial Sale, Jacksonville, FL
Property Size2,533 SF
Lot Size0.32 Acres
Price / SF$167.79
Days on Market129
Property Features for 2679 BEAVER Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Parking Lot
Fencing
Privacy
Lot features
Corner Lot
Directions
From I 10 E to Exit Lt on Cassat to Rt on Beaver to sign. sign.
Subdivision
074-Paxon
Standard status
Active
APN
0577200000
Size
2,533 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3068
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Amenities
mini kitchen
bathrooms
shower
conference room
Building Details
Year built
1940
Floors in Building
2
Number of units
1
Flooring type
Vinyl
Building materials
Block, Concrete
Listing Agency:
REALTY MASTERS, INC.
(904) 282-0810
Listed By:
GLENDA MARCHBANKS · License #0264003
(904) 228-3480
Added: May 6
Changed: Sep 5
Last Checked: Sep 11 at 8:06AM
MLS# 2143757
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,533-square-foot flex property combines ground-level industrial functionality with an upper-level office layout. The lower level includes a loading dock and large concrete block storage rooms. Upstairs, the building provides two offices, a substantial conference or boardroom, a kitchenette, and two bathrooms, including one with a shower. Central air conditioning, electric heat, and vinyl flooring are installed throughout the building.
The property occupies 0.32 acres at 2679 Beaver Street in Jacksonville, Florida. A grassy parking area is enclosed by privacy fencing and includes a parking lot. Originally built in 1940, the structure uses block and concrete construction and is configured for businesses needing both storage and administrative space.
The property occupies 0.32 acres at 2679 Beaver Street in Jacksonville, Florida. A grassy parking area is enclosed by privacy fencing and includes a parking lot. Originally built in 1940, the structure uses block and concrete construction and is configured for businesses needing both storage and administrative space.
Key Highlights
- 2,533 SF flex building on 0.32 acres
- Ground‑level loading dock with large concrete block storage rooms
- Two upstairs offices plus a large conference or boardroom
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
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Open Analytics
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-level commercial building with storage, offices, conference space, and a fenced parking area.
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: 2,533 SF flex building on 0.32 acres; Ground‑level loading dock with large concrete block storage rooms; Two upstairs offices plus a large conference or boardroom
