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    321 Lane Ave N Jacksonville, FL

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    12,268 SF industrial facility with twelve drive-through bays.

    Type:RETAIL
    Property size:
    12,268 SF
    Lot size:
    2.87 Acres
    Added:
    Jun 12, 2025
    Days on Market:
    318
    Last Refresh:
    Apr 5 at 9:25 pm

    Property Features for 321 Lane Ave N

    General Information

    Standard status
    Active
    Size
    12,268 SF
    Lot size
    2.87 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 321 Lane Ave N Contact us

    We can help!

    Listing Contact
    Michael Cassidy
    Michael Cassidy

    Listing agent Michael Cassidy License #BK3268405

    Listing office Colliers | Jacksonville

    Listing date Jun 12, 2025

    Source Moodyscre

    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

    Overview

    Industrial Facility with Drive-Through Bays

    This industrial service facility and office space offers a total of 12,268 square feet on a 2.74-acre lot. The property is fully fenced and features two access points on Lane Avenue. The shop area comprises 9,400 square feet and includes twelve 12-foot by 14-foot drive-through bay doors. Monument signage is available. Interior and exterior upgrades are upcoming. The yard will be stabilized with crushed rock. Utilities include electric service from JEA, well water, and a septic sewer system. The property has 400 AMP, 3-phase power and a wet pipe sprinkler system. The building includes 3,220 square feet of office space, 9,400 square feet of warehouse space, and a 4,200-square-foot canopy. It features a 20-foot clear height. The zoning is Light Industrial (IL), with a floor area ratio (FAR) of 0.10. The building type is office and service garage, constructed with metal and concrete block. Originally built in 1965, the property is scheduled for renovation in 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TKO Delivery Services ... Moving Company ABS-Alignment Brake & Suspension Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Preferred Freezer — 5459 Doolittle Rd, Jacksonville, FL 32254
    • Quintana's RV & Boat Storage Center — 465 Roberts St, Jacksonville, FL 32254
    • EZ Towing & Repair — 101 St Andrews St S #3458, Jacksonville, FL 32254
    • Lineage Logistics Jacksonville West — 5459 Doolittle Rd, Jacksonville, FL 32254
    • Bluedeck Boat Storage — 5439 Harriet Ave, Jacksonville, FL 32254

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7512
    Latitude
    30.3275

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    FAQs

    What type of property is this?
    Warehouse - 12,268 SF industrial facility with twelve drive-through bays.
    Where is this warehouse located?
    The property is located at 321 Lane Ave N Jacksonville, FL.
    What are key features of this property?
    This property features: Large 9,400± SF shop with twelve (12) 12’ x 14’ drive‑through bay doors.; 2.74± AC fully fenced lot with two points of access on Lane Ave.; Office and service garage with a total of 12,268± SF.
    (904) 598-4984 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Cassidy
    Michael Cassidy
    Real Estate License ID: BK3268405
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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