Single-Story Industrial
For Sale
Contact for pricing
2814 Mercury Rd, Jacksonville, FL 32207
Single-story industrial building in the San Marco corridor, configured for light-industrial manufacturing, distribution, or service use.
Property Size21,096 SF
Lot Size0.70 Acres
Price / SF$113.77
Days on Market144
Property Features for 2814 Mercury Rd
General Information
Standard status
Active
Size
21,096 SF
Lot size
0.70 Acres
Property subtype
Industrial
Zoning
IL
Additional Details
Highway Access
Yes
Building Details
Stories
1
Listing Agency:
Colliers - Jacksonville, Florida
(904) 415-0776
Listed By:
Oakley Wise · License #SL3571438
Source:
Crexi
Added: Apr 10
Changed: Aug 28
Last Checked: Aug 29 at 6:57AM
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, Florida
Investment Insights
Based on property information with market context.
2814 Mercury Road is a single-story industrial facility totaling 21,096± SF, situated on approximately 0.7 acres. The property is offered with functional light-industrial accommodations intended for manufacturing, distribution, or service operations. Zoning is listed as IL, allowing a wide range of industrial uses.
The facility is described as being located in Jacksonville’s centrally located San Marco industrial corridor. The property is also noted as being close to Philips Highway, University Boulevard, downtown Jacksonville, and the Port of Jacksonville, which supports convenient access to major transportation routes.
This offering presents a straightforward industrial building format for tenants or buyers seeking a light-industrial space under IL zoning.
The facility is described as being located in Jacksonville’s centrally located San Marco industrial corridor. The property is also noted as being close to Philips Highway, University Boulevard, downtown Jacksonville, and the Port of Jacksonville, which supports convenient access to major transportation routes.
This offering presents a straightforward industrial building format for tenants or buyers seeking a light-industrial space under IL zoning.
Key Highlights
- 21,096± SF single‑story industrial facility on approximately 0.7 acres in Jacksonville’s San Marco industrial corridor
- Configured for light‑industrial manufacturing, distribution, or service operations
- IL zoning allows a wide range of industrial uses
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
$142,341
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
5.93%
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%
$2,846,820
$2.8M
Cap Rate 7%
$2,033,443
$2.0M
Cap Rate 9%
$1,581,567
$1.6M
Market Conditions
NOI Build-Up for 21,096 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
$177.2K $8.40/SF
− Vacancy
−$9.7K −$0.46/SF
EGI
$167.5K $7.94/SF
− OpEx
−$25.1K −$1.19/SF
NOI
$142.3K $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 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%
$2,846,820
Cap Rate 7%
$2,033,443
Cap Rate 9%
$1,581,567
Alternative Uses
Best Use
Warehouse
$2.03M
$1.78M – $2.37M
NOI $142,341 @ 7.0% cap · market cap 5.93%
Second Best
Industrial
$1.67M
$1.47M – $1.95M
NOI $117,222 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$5.78M
$5.06M – $6.74M
NOI $404,537 @ 7.0% cap · market cap 16.86%
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
864
Businesses Nearby
Explore this area
Business Placement
Demographics for 32207, FL
36,207
Population
18,866
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
11.4 sq mi
ZIP Area
3,176
Density / Sq Mi
$60,875
Median Household Income
$45,478
Median Earnings
$1,139
Median Rent
$254,800
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Manufacturing property - Single-story industrial building in the San Marco corridor, configured for light-industrial manufacturing, distribution, or service use.
Where is this manufacturing property located?
The property is located at 2814 Mercury Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 21,096± SF single‑story industrial facility on approximately 0.7 acres in Jacksonville’s San Marco industrial corridor; Configured for light‑industrial manufacturing, distribution, or service operations; IL zoning allows a wide range of industrial uses
