Jacksonville Retail Property for
For Sale
$315,000
Pending
2848 Edgewood Ave W, Jacksonville, FL 32209
Retail property available in Jacksonville, Florida.
Property Size2,520 SF
Days on Market227
Property Features for 2848 Edgewood Ave W
General Information
Standard status
Pending
Size
2,520 SF
Property subtype
Commercial
Building Details
Year Built
2008
Listing Agency:
RE/MAX BLUE COAST
Listed By:
SANDY KISHTON · License #3063041
(386) 344-0433
Source:
Jacksonvilleflhomeguide
Added: Mar 4
Changed: Oct 1
Last Checked: Oct 16 at 9:36AM
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 RE/MAX BLUE COAST
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate is a storefront property located in Jacksonville, Florida. The property has a size of 2,520 square feet. The property is located at the corner of Edgewood Avenue West and Floradale. From Downtown Jacksonville, take I-95 North to Exit 355 on the right, then turn Left onto Golfair Boulevard, right on Moncrief, and left onto Edgewood Avenue West. The property will be on the left at the corner of Edgewood and Floradale.
Key Highlights
- Central air conditioning and heating for year‑round comfort.
- Enjoy a fenced back yard with privacy.
- Interior storage space available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,482
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,640
$569.6K
Cap Rate 7%
$406,886
$406.9K
Cap Rate 9%
$316,467
$316.5K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$45.4K $18.00/SF
− Vacancy
−$4.7K −$1.85/SF
EGI
$40.7K $16.15/SF
− OpEx
−$12.2K −$4.84/SF
NOI
$28.5K $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 Rate 5%
$569,640
Cap Rate 7%
$406,886
Cap Rate 9%
$316,467
Alternative Uses
Best Use
Retail
$406.9K
$356.0K – $474.7K
NOI $28,482 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$690.3K
$604.1K – $805.4K
NOI $48,324 @ 7.0% cap · market cap 15.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 29%
Family Dollar
Shops & Services
7,129 visits/mo
0.3 miles
Church's Chicken
Dining
7,114 visits/mo
0.2 miles
Dollar General
Shops & Services
5,595 visits/mo
0.2 miles
BP
Shops & Services
4,711 visits/mo
0.2 miles
Demographics for 32209, FL
36,656
Population
17,706
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
82%
High-School Grad
9.3 sq mi
ZIP Area
3,942
Density / Sq Mi
$29,468
Median Household Income
$26,435
Median Earnings
$1,042
Median Rent
$92,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Storefront property - Retail property available in Jacksonville, Florida.
Where is this storefront property located?
The property is located at 2848 Edgewood Ave W Jacksonville, FL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Central air conditioning and heating for year‑round comfort.; Enjoy a fenced back yard with privacy.; Interior storage space available.
