Airplane Hangar-Style
3232 Old Kings Road Jacksonville, FL 32254
3232 Old Kings Road, Jacksonville, FL, 32254
$1,400,000
For Sale
$1,400,000
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 Market55
Property Features for 3232 Old Kings Road
General Information
- Standard status
- Active
- Size
- 7,440 SF
- Lot size
- 1.40 Acres
- Property subtype
- IND
Listing Agency
Keller Williams St Johns
(352) 270-4132
Listed by
Ryan Cleary · License #3186165
(352) 270-4132
Source
Realnex
Added: May 28 Updated: Jul 10 at 1:48 pm Checked: Jul 19 at 8:27 am
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
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $178.6k | $24.00 |
| − Vacancy | −$35.9k | −$4.82 |
| EGI | $142.7k | $19.18 |
| − OpEx | −$35.7k | −$4.79 |
| NOI | $107.0k | $14.38 |
7,440 SF · lease $24.00/SF/yr · vacancy 20.10% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Earthscapes
Landscaping
Similar For Sale Nearby
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
FAQs
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
