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    Jacksonville Warehouse with Hangar Style Title is generated by Realmo AI

    3232 OLD KINGS Road, Jacksonville, FL 32254

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    Claim this Listing
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    For Sale
    $1,400,000

    COMMERCIAL - Jacksonville, FL

    Property size:
    7,440 SF
    Lot size:
    1.40 Acres
    Price / SF:
    $188/SF
    Added:
    May 27, 2026
    Days on Market:
    3
    Last Refresh:
    May 29 at 4:06 pm

    Property Features for 3232 OLD KINGS Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Fencing
    Chain Link
    Standard status
    Active
    APN
    0882850000
    Size
    7,440 SF
    Lot size
    1.40 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4192

    Utilities

    Sewer type
    Septic Tank
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    CHRISTINA WELCH

    Listing agent CHRISTINA WELCH License #3186165

    Listing office KELLER WILLIAMS ST JOHNS 45 Durbin Pavillion Dr Suite 101, St Johns, FL

    Listing date May 27, 2026

    MLS# 2147536

    Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large +/-7,440 SF airplane hangar‑style warehouse on approximately 1.4 acres.
    • Zoned IL (Light Industrial) suitable for logistics, storage, manufacturing, or fleet operations.
    • Located directly alongside the railroad in Jacksonville's industrial corridor.
    • Features 2 loading docks and 3 roll‑up doors.
    • Tenant occupied under a NNN lease with approximately one year remaining, providing immediate income.
    • Current tenant has expressed interest in remaining long term and signing a new lease.

    Overview

    Located in Jacksonville, Florida, 3232 Old Kings Rd presents an opportunity to acquire a warehouse of approximately 7,440 square feet, designed in an airplane hangar style, situated on roughly 1.4 acres. The property is zoned IL (Light Industrial) and is located alongside the railroad in Jacksonville's industrial corridor, making it suitable for logistics, storage, manufacturing, or fleet operations. The building includes 2 loading docks, 3 roll-up doors, 2 office spaces, 1 bathroom, and a large open warehouse area, complemented by ample outdoor parking and storage. The property is currently occupied by a tenant under a NNN lease with approximately one year remaining, providing immediate income. The current tenant has expressed interest in remaining long term and signing a new lease, creating strong potential for stable future cash flow.
    Property Profile Location Intelligence

    Current Use by Public Records

    Earthscapes Landscaping

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places 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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.72379
    Latitude
    30.358645

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    FAQs

    What type of property is this?
    Warehouse - 7,440 SF warehouse on 1.4 acres in Jacksonville, FL
    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: Large +/-7,440 SF airplane hangar‑style warehouse on approximately 1.4 acres.; Zoned IL (Light Industrial) suitable for logistics, storage, manufacturing, or fleet operations.; Located directly alongside the railroad in Jacksonville's industrial corridor.
    (904) 404-1640
    We can help!
    Listing Contact
    CHRISTINA WELCH
    Real Estate License ID: 3186165
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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.

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