Retail Property on North
For Sale
Contact for pricing
3115 N Main St, Jacksonville, FL 32206
Retail property with high visibility and flexible space.
Property Size1,248 SF
Price / SF$260.42
Days on Market180
Property Features for 3115 N Main St
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Retail
Building Details
Year Built
1931
Buildings
1
Listing Agency:
Exchange Place Brokerage
(407) 810-0468
Listed By:
Sharon Williams · License #FL 3401687
Source:
Crexi
Added: Mar 5
Changed: Aug 24
Last Checked: Aug 31 at 11:12PM
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 Exchange Place Brokerage
Investment Insights
Based on property information with market context.
This retail property, located at 3115 N Main St, Jacksonville, FL, offers approximately 1,248 square feet of space. Constructed in 1931, the property features a functional retail layout, on-site parking, and a rear grassy area. The grassy area provides flexibility for storage, outdoor use, or future site enhancements, subject to approvals. The lot configuration supports customer access and operational convenience. The property is suitable for neighborhood retail, boutique, professional services, or creative commercial concepts. Its location offers proximity to surrounding residential neighborhoods and easy access to major thoroughfares. This property is suitable for an owner-user or investor seeking visibility along a well-traveled North Main Street corridor and is available for immediate occupancy.
Key Highlights
- High‑visibility location on well‑traveled North Main Street.
- Functional ±1,248 SF retail layout with on‑site parking.
- Additional rear grassy area for storage, outdoor use, or future enhancements.
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
$14,105
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
4.34%
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%
$282,100
$282.1K
Cap Rate 7%
$201,500
$201.5K
Cap Rate 9%
$156,722
$156.7K
Market Conditions
NOI Build-Up for 1,248 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
$22.5K $18.00/SF
− Vacancy
−$2.3K −$1.85/SF
EGI
$20.2K $16.15/SF
− OpEx
−$6.0K −$4.84/SF
NOI
$14.1K $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%
$282,100
Cap Rate 7%
$201,500
Cap Rate 9%
$156,722
Alternative Uses
Best Use
Retail
$201.5K
$176.3K – $235.1K
NOI $14,105 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$341.9K
$299.2K – $398.9K
NOI $23,932 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
42k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 35%
Electronics 2%
Burger King
Dining
9,066 visits/mo
0.1 miles
Family Dollar
Shops & Services
7,648 visits/mo
0.2 miles
Dollar General
Shops & Services
4,768 visits/mo
0.4 miles
Exxon
Shops & Services
4,217 visits/mo
0.0 miles
Captain D's
Dining
3,563 visits/mo
0.5 miles
Demographics for 32206, FL
18,283
Population
9,415
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
82%
High-School Grad
6.2 sq mi
ZIP Area
2,949
Density / Sq Mi
$37,585
Median Household Income
$34,353
Median Earnings
$866
Median Rent
$153,500
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?
Retail space - Retail property with high visibility and flexible space.
Where is this retail space located?
The property is located at 3115 N Main St Jacksonville, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: High‑visibility location on well‑traveled North Main Street.; Functional ±1,248 SF retail layout with on‑site parking.; Additional rear grassy area for storage, outdoor use, or future enhancements.
