Airplane Hangar-Style
For Sale
$1,400,000
3232 Old Kings Road, Jacksonville, FL 32254
Light industrial warehouse with loading docks, roll-up doors, and tenant income under an NNN lease with one year remaining.
Property Size7,440 SF
Lot Size1.40 Acres
Price / SF$188.17
Days on Market145
Property Features for 3232 Old Kings Road
General Information
Standard status
Active
Size
7,440 SF
Lot size
1.40 Acres
Property subtype
IND
Zoning
IL
Warehouse & Industrial
Dock-High Doors
2
Drive-In Doors
3
Additional Details
Office Units
2
Listing Agency:
Keller Williams St Johns
Listed By:
Ryan Cleary · License #3566185
(352) 270-4132
Source:
Realnex
Added: May 28
Changed: Jul 10
Last Checked: Oct 19 at 4:43AM
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 Keller Williams St Johns
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Investment Insights
Based on property information with market context.
3232 Old Kings Road presents a 17,440 SF airplane hangar-style warehouse on approximately 1.4 acres, zoned IL (Light Industrial). The building is configured with expansive open warehouse space plus functional office support, including 2 office spaces and 1 bathroom. For loading and access, the property includes 2 loading docks and 3 roll-up doors, along with outdoor area suitable for parking and industrial staging.
The site is located in Jacksonville’s industrial corridor and sits directly alongside the railroad, adding distinctive industrial character and site utility for users who value rail-adjacent access. The layout is also designed for operations that need efficient movement of goods, equipment, or fleet-related activity.
The property is currently tenant occupied under an NNN lease with approximately one year remaining. The current tenant has expressed interest in remaining long term and is willing to sign a new lease, which supports continuity for an investor while also positioning the building as a practical option for an owner-user seeking immediate operating stability.
The site is located in Jacksonville’s industrial corridor and sits directly alongside the railroad, adding distinctive industrial character and site utility for users who value rail-adjacent access. The layout is also designed for operations that need efficient movement of goods, equipment, or fleet-related activity.
The property is currently tenant occupied under an NNN lease with approximately one year remaining. The current tenant has expressed interest in remaining long term and is willing to sign a new lease, which supports continuity for an investor while also positioning the building as a practical option for an owner-user seeking immediate operating stability.
Key Highlights
- 7,440 SF airplane hangar‑style warehouse on approx. 1.4 acres in Jacksonville’s industrial corridor
- IL (Light Industrial) zoning with expansive open warehouse space for logistics, storage, manufacturing, or fleet operations
- Directly alongside the railroad with 2 loading docks and 3 roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,002
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,140,040
$2.1M
Cap Rate 7%
$1,528,600
$1.5M
Cap Rate 9%
$1,188,911
$1.2M
Market Conditions
NOI Build-Up for 7,440 SF
Gross rent
$178.6K $24.00/SF
− Vacancy
−$35.9K −$4.82/SF
EGI
$142.7K $19.18/SF
− OpEx
−$35.7K −$4.79/SF
NOI
$107.0K $14.38/SF
Area
Jacksonville, FL
Vacancy
20.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,140,040
Cap Rate 7%
$1,528,600
Cap Rate 9%
$1,188,911
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.78M
NOI $107,002 @ 7.0% cap · market cap 7.64%
Second Best
Warehouse
$717.1K
$627.5K – $836.7K
NOI $50,200 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,669 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Dock-high doors
3
Drive-in doors
2
Office units
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32254, FL
14,545
Population
6,331
Households
2.3
Avg Household Size
37
Median Age
10%
College-Educated
73%
High-School Grad
12.4 sq mi
ZIP Area
1,173
Density / Sq Mi
$36,449
Median Household Income
$29,443
Median Earnings
$1,111
Median Rent
$85,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Jacksonville, FL
Similar Off Market Nearby
- Storage Zone Self Storage and Business Centers — 2343 Edgewood Ave N, Jacksonville, FL 32254
- CrownMotors Sales & Service, Inc. — 5510 New Kings Rd, Jacksonville, FL 32209
Frequently Asked Questions
What type of property is this?
Warehouse - Light industrial warehouse with loading docks, roll-up doors, and tenant income under an NNN lease with one year remaining.
Where is this warehouse located?
The property is located at 3232 Old Kings Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 7,440 SF airplane hangar‑style warehouse on approx. 1.4 acres in Jacksonville’s industrial corridor; IL (Light Industrial) zoning with expansive open warehouse space for logistics, storage, manufacturing, or fleet operations; Directly alongside the railroad with 2 loading docks and 3 roll‑up doors
