Jacksonville Retail Property for
For Sale
$315,000
Pending
2848 EDGEWOOD Avenue W, Jacksonville, FL 32209
Retail property available in Jacksonville, Florida.
Property Size2,520 SF
Days on Market154
Property Features for 2848 EDGEWOOD Avenue W
General Information
Standard status
Pending
Size
2,520 SF
Zoning
Commercial/Residential/Office
Taxes and HOA fees
Annual Taxes
$4,544
Amenities
Fenced, Kitchen Facilities, Lobby, Meeting Room, Reception Area, Separate Office Area, Storage
Accessible Approach with Ramp, Accessible Entrance, Visitor Bathroom
Central Air
Central
Storage
Fenced, Back Yard, Privacy, Wood
Parking Lot
Building Details
Year Built
2008
Stories
1
Listing Agency:
RE/MAX Blue Coast
(386) 344-0433
Listed By:
SANDY KISHTON · License #3063041
(386) 344-0433
Source:
Evrealestate
Added: Mar 23
Changed: Aug 8
Last Checked: Aug 22 at 6:18AM
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
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 = 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
$28,482
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
9.04%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - Retail property available in Jacksonville, Florida.
Where is this storefront property located?
The property is located at 2848 EDGEWOOD Avenue 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.
