Industrial
For Sale
$1,200,000
3232 OLD KINGS Road, Jacksonville, FL 32254
Commercial Sale, Jacksonville, FL
Property Size7,440 SF
Lot Size1.40 Acres
Price / SF$161.29
Days on Market141
Property Features for 3232 OLD KINGS Road
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Chain Link
Lot features
Irregular Lot
Directions
Head N on Edgewood Ave, turn right onto Old Kings Rd and head SE for .5 miles, property is on your right
Subdivision
074-Paxon
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
Listing Agency:
KELLER WILLIAMS ST JOHNS · Keller Williams Realty
(904) 867-7694
Listed By:
CHRISTINA WELCH · License #3186165
(904) 404-1640
Added: May 27
Changed: Oct 2
Last Checked: Oct 14 at 6:06PM
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.
Investment Insights
Based on property information with market context.
Built in 1940, this 7,440-square-foot warehouse sits on approximately 1.4 acres and is zoned IL (Light Industrial). Its interior includes expansive open warehouse space, two offices, and one bathroom. The building is configured with two loading docks and three roll-up doors, while the site also provides outdoor parking and storage area.
The property is alongside a railroad and is occupied under an NNN lease with a few months remaining. Public water and a septic tank serve the site.
The property is alongside a railroad and is occupied under an NNN lease with a few months remaining. Public water and a septic tank serve the site.
Key Highlights
- 7,440‑square‑foot warehouse on approximately 1.4 acres
- IL (Light Industrial) zoning
- Two loading docks and three roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,200
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,004,000
$1.0M
Cap Rate 7%
$717,143
$717.1K
Cap Rate 9%
$557,778
$557.8K
Market Conditions
NOI Build-Up for 7,440 SF
Gross rent
$62.5K $8.40/SF
− Vacancy
−$3.4K −$0.46/SF
EGI
$59.1K $7.94/SF
− OpEx
−$8.9K −$1.19/SF
NOI
$50.2K $6.75/SF
Area
Jacksonville, FL
Vacancy
5.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,004,000
Cap Rate 7%
$717,143
Cap Rate 9%
$557,778
Alternative Uses
Best Use
Warehouse
$717.1K
$627.5K – $836.7K
NOI $50,200 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Dock-high doors
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Jacksonville, FL
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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 - A tenant-occupied facility combines open storage space with two office areas and an NNN lease nearing expiration.
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 $1,200,000.
What are key features of this property?
This property features: 7,440‑square‑foot warehouse on approximately 1.4 acres; IL (Light Industrial) zoning; Two loading docks and three roll‑up doors
