Leased Retail Storefront
For Sale
Contact for pricing
2752 Park St, Jacksonville, FL 32205
Two standalone retail storefront buildings are offered for sale, both currently leased on differing month-to-month terms.
Property Size1,957 SF
Price / SF$383.24
Days on Market189
Property Features for 2752 Park St
General Information
Standard status
Active
Size
1,957 SF
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Listing Agency:
Colliers | Jacksonville
(904) 358-1206
Listed By:
Matthew Clark
(603) 244-9257
Source:
Moodyscre
Added: Feb 27
Changed: Aug 14
Last Checked: Aug 14 at 7:44AM
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 Colliers | Jacksonville
Investment Insights
Based on property information with market context.
This offering includes standalone retail storefront buildings, with 2752 Park St described as 1,957 square feet and leased on a month-to-month basis. 2756 Park St is also listed as a standalone retail building at 2,750 square feet, with rent noted as $28 plus NNN.
The properties are described as being proximately located to I-95 and I-10, and the surrounding area is characterized as pedestrian-friendly. The public remarks also reference the Riverside Historic District and a dense workplace population drawing daytime activity from commuters and residents.
Both buildings are presented as leased retail assets within a local retail and social environment, with the available lease structure noted in the remarks for each address.
The properties are described as being proximately located to I-95 and I-10, and the surrounding area is characterized as pedestrian-friendly. The public remarks also reference the Riverside Historic District and a dense workplace population drawing daytime activity from commuters and residents.
Both buildings are presented as leased retail assets within a local retail and social environment, with the available lease structure noted in the remarks for each address.
Key Highlights
- Two standalone retail storefront buildings for sale, both currently leased on differing month‑to‑month terms
- 2752 Park St: 1,957 SF retail building leased for $750,000 (month‑to‑month)
- 2756 Park St: 2,750 SF retail building listed at $750,000 with lease rate of $28 + NNN
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
$22,118
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
2.95%
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%
$442,360
$442.4K
Cap Rate 7%
$315,971
$316.0K
Cap Rate 9%
$245,756
$245.8K
Market Conditions
NOI Build-Up for 1,957 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
$35.2K $18.00/SF
− Vacancy
−$3.6K −$1.85/SF
EGI
$31.6K $16.15/SF
− OpEx
−$9.5K −$4.84/SF
NOI
$22.1K $11.30/SF
Area
Jacksonville, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$442,360
Cap Rate 7%
$315,971
Cap Rate 9%
$245,756
Alternative Uses
Best Use
Retail
$316.0K
$276.5K – $368.6K
NOI $22,118 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$536.1K
$469.1K – $625.5K
NOI $37,527 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,141
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Carmine's
Dining
8,631 visits/mo
0.2 miles
Burger King
Dining
8,211 visits/mo
0.1 miles
Demographics for 32205, FL
29,605
Population
16,188
Households
1.8
Avg Household Size
37
Median Age
36%
College-Educated
90%
High-School Grad
7.7 sq mi
ZIP Area
3,845
Density / Sq Mi
$60,609
Median Household Income
$43,122
Median Earnings
$1,190
Median Rent
$257,900
Median Home Value
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two standalone retail storefront buildings are offered for sale, both currently leased on differing month-to-month terms.
Where is this storefront property located?
The property is located at 2752 Park St Jacksonville, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two standalone retail storefront buildings for sale, both currently leased on differing month‑to‑month terms; 2752 Park St: 1,957 SF retail building leased for $750,000 (month‑to‑month); 2756 Park St: 2,750 SF retail building listed at $750,000 with lease rate of $28 + NNN
