Airplane Hangar-Style
3232 Old Kings Rd Jacksonville, FL 32254
3232 Old Kings Rd, Jacksonville, FL, 32254
$1,200,000
For Sale
$1,200,000
Freestanding hangar-style warehouse with 2 loading docks, 3 roll-up doors, and office space on an IL-zoned site.
Property Size7,440 SF
Lot Size1.40 Acres
Price / SF$161.29
Days on Market58
Property Features for 3232 Old Kings Rd
General Information
- Standard status
- Active
- Size
- 7,440 SF
- Lot size
- 1.40 Acres
Listing agency
KELLER WILLIAMS ST JOHNS
(904) 404-1640
Listed by
CHRISTINA WELCH · License #3186165
(904) 404-1640
Source
Exprealty
Added: May 27 Updated: Jul 22 at 4:05PM Checked: Jul 22 at 4:05PM
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 Rd is a hangar-style warehouse featuring expansive open warehouse space plus two office spaces, one bathroom, and a distribution of loading access including 2 loading docks and 3 roll-up doors. The property sits on approximately 1.4 acres and includes ample outdoor parking and storage area suitable for operations that require yard space.
The site is positioned directly alongside the railroad in Jacksonville’s industrial corridor. The property is zoned IL (Light Industrial).
The building is tenant occupied under a NNN lease with approximately one year remaining. The current tenant has indicated interest in remaining long term and signing a new lease.
The site is positioned directly alongside the railroad in Jacksonville’s industrial corridor. The property is zoned IL (Light Industrial).
The building is tenant occupied under a NNN lease with approximately one year remaining. The current tenant has indicated interest in remaining long term and signing a new lease.
Key Highlights
- ±7,440 SF freestanding hangar‑style warehouse on approx. 1.4 acres zoned IL (Light Industrial).
- Directly alongside the railroad in Jacksonville’s industrial corridor.
- Warehouse includes 2 loading docks and 3 roll‑up doors.
Local Financial Insights For Warehouse
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 | $62.5k | $8.40 |
| − Vacancy | −$3.4k | −$0.46 |
| EGI | $59.1k | $7.94 |
| − OpEx | −$8.9k | −$1.19 |
| NOI | $50.2k | $6.75 |
7,440 SF · lease $8.40/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$717.1K
$627.5K – $836.7K
NOI $50,200 @ 7.0% cap · market cap 4.18%
Second Best
Industrial
$590.6K
$516.8K – $689.0K
NOI $41,341 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,669 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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 - Freestanding hangar-style warehouse with 2 loading docks, 3 roll-up doors, and office space on an IL-zoned site.
Where is this warehouse located?
The property is located at 3232 Old Kings Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: ±7,440 SF freestanding hangar‑style warehouse on approx. 1.4 acres zoned IL (Light Industrial).; Directly alongside the railroad in Jacksonville’s industrial corridor.; Warehouse includes 2 loading docks and 3 roll‑up doors.
