Flexible Office Building with Central
For Sale
$400,000
Pending
2936 JERRY Lane, Jacksonville, FL 32218
Commercial Sale, Jacksonville, FL
Property Size2,400 SF
Lot Size0.46 Acres
Days on Market48
Property Features for 2936 JERRY Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Off Street
Security features
Security System
Subdivision
Trout River
Directions
FROM I95N TO LEM TURNER (R) onto Lem Turner; Once cross the Trout River bridge(L) on Jerry Lane.
Standard status
Pending
APN
0210420000
Size
2,400 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2199
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Number of units
1
Flooring type
Vinyl, Carpet
Building materials
Block
Roof type
Shingle
Listing Agency:
MIDTOWNE REALTY GROUP INC
(904) 381-8525
Listed By:
CLEMENTINE JACKSON
(904) 381-8525
Added: Jul 7
Changed: Aug 19
Last Checked: Aug 23 at 8:06AM
MLS# 2154213
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.
A flexible office building constructed with concrete block, offering approximately 2,400 square feet on a 0.46-acre lot. The property was formerly operated as a funeral home and includes multiple private rooms, two restrooms, and a flexible floor plan designed to support a range of professional and service-oriented uses. Flooring includes carpet and vinyl, and the building has central heat and central air for year-round comfort.
The property is zoned CCG-2 (Community/General Commercial), which supports a broad mix of commercial applications. Off-street parking is available. Water service is public, and sewer is provided via a septic tank. The building was constructed in 1965 with a shingle roof.
The property is zoned CCG-2 (Community/General Commercial), which supports a broad mix of commercial applications. Off-street parking is available. Water service is public, and sewer is provided via a septic tank. The building was constructed in 1965 with a shingle roof.
Key Highlights
- Approximately 2,400 SF office building on a 0.46‑acre lot
- Zoned CCG‑2 (Community/General Commercial) for a broad mix of commercial uses
- Concrete block construction built in 1965 with a shingle roof
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
$33,610
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
8.40%
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%
$672,200
$672.2K
Cap Rate 7%
$480,143
$480.1K
Cap Rate 9%
$373,444
$373.4K
Market Conditions
NOI Build-Up for 2,400 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
$57.6K $24.00/SF
− Vacancy
−$12.8K −$5.33/SF
EGI
$44.8K $18.67/SF
− OpEx
−$11.2K −$4.67/SF
NOI
$33.6K $14.00/SF
Area
ZIP 32218
Vacancy
22.20%
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%
$672,200
Cap Rate 7%
$480,143
Cap Rate 9%
$373,444
Alternative Uses
Best Use
Office B
$480.1K
$420.1K – $560.2K
NOI $33,610 @ 7.0% cap · market cap 8.40%
Second Best
Healthcare Medical
$477.9K
$418.2K – $557.6K
NOI $33,454 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$640.2K
$560.2K – $746.9K
NOI $44,813 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 32218, FL
67,040
Population
27,895
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
96.7 sq mi
ZIP Area
693
Density / Sq Mi
$68,363
Median Household Income
$37,322
Median Earnings
$1,416
Median Rent
$260,300
Median Home Value
Market
Vacancy Rate% for Office in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Concrete block office building on a 0.46-acre lot with central heat/air, multiple private rooms, and two restrooms.
Where is this office building located?
The property is located at 2936 JERRY Lane Jacksonville, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Approximately 2,400 SF office building on a 0.46‑acre lot; Zoned CCG‑2 (Community/General Commercial) for a broad mix of commercial uses; Concrete block construction built in 1965 with a shingle roof
