Building Details

Year Built 1959

Listing Agency: COLDWELL BANKER COMMERCIAL PREMIER PROPERTIES

Listed By: Eric Maimo · License #3254822 Show Phone

Source: Compass

Added: Jun 4, 2023 Changed: Oct 13 Last Checked: Oct 15 at 1:23AM

Report an Issue

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 COLDWELL BANKER COMMERCIAL PREMIER PROPERTIES

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 4,000-square-foot flex property combines a concrete block warehouse with an attached 912-square-foot office area. Central air serves the office component, providing a practical administrative setting alongside the larger work area. The building was constructed in 1959 and is identified as IL zoned.

Located at 3429 North Liberty Street in Jacksonville, the property is near Downtown Jacksonville. Its configuration brings warehouse and office functions together in one commercial building, with space suited to storage, manufacturing, or distribution uses as described in the property information.

Key Highlights

• 4,000 SF concrete block building
• Attached 912 SF office area
• Warehouse and office components in one flex property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,989

Cap Rate

6.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$539,780 $539.8K

Cap Rate 7%

$385,557 $385.6K

Cap Rate 9%

$299,878 $299.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$33.6K $8.40/SF

− Vacancy

−$1.8K −$0.46/SF

EGI

$31.8K $7.94/SF

− OpEx

−$4.8K −$1.19/SF

NOI

$27.0K $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%

$539,780

Cap Rate 7%

$385,557

Cap Rate 9%

$299,878

Alternative Uses

Best Use

Office B

$821.8K

$719.1K – $958.8K (±1% cap)

NOI $57,528 @ 7.0% cap · market cap 13.54%

Second Best

Flex RnD

$621.8K

$544.1K – $725.4K (±1% cap)

NOI $43,524 @ 7.0% cap · market cap 10.24%

Theoretical Best

Office A

$1.10M

$958.8K – $1.28M (±1% cap)

NOI $76,704 @ 7.0% cap · market cap 18.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Real Estate Agency Spa & Massage Center Law Firm Pharmacy Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

751

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 32206, FL

18,283

Population

9,415

Households

1.9

Avg Household Size

38

Median Age

21%

College-Educated

82%

High-School Grad

6.2 sq mi

ZIP Area

2,949

Density / Sq Mi

$37,585

Median Household Income

$34,353

Median Earnings

$866

Median Rent

$153,500

Median Home Value

Market

Vacancy Rate% for Office in Jacksonville, FL

13.5% 2019

15.8% 2020

21% 2021

20.1% 2022

19.8% 2023

21.3% 2024

22.6% 2025

Similar For Sale Nearby

See more

Office Suite with Classroom

7-610 N Julia Street, Jacksonville, FL 32202

$450,000

4,044 SF

View details

Southside/Mandarin Office/Medical Space Available

2965 Plummer Cove Road, Jacksonville, FL 32223

$599,000

3,600 SF

View details

Renovated Flex Space with Warehouse

5352 HIGHWAY, Jacksonville, FL 32254

$719,000

4,240 SF

View details

Historic Office Building with Suites

1334 Walnut Street, Jacksonville, FL 32206

$619,000

3,500 SF

View details

Flex Property with Warehouse

15325 N Main St, Jacksonville, FL 32218

$499,000

3,116 SF

View details

Auto Shop with Car Dealership

1335 LANE Avenue S, Jacksonville, FL 32210

$350,000

3,060 SF

View details

Flex Space with Loading Dock

2679 BEAVER Street, Jacksonville, FL 32254

$425,000

2,533 SF

View details

Office Condo with 11 Offices

12276 San Jose Boulevard Unit 301, Jacksonville, FL 32223

$759,000

3,200 SF

View details

Air-Conditioned Flex Space

3653 REGENT Boulevard 403, Jacksonville, FL 32224

$495,000

View details

Air-Conditioned Flex Space

403-3653 Regent Blvd, Jacksonville, FL 32224

$495,000

2,400 SF

View details

Office Warehouse Condo Unit

401-10330 Chedoak Ct, Jacksonville, FL 32223

$350,000

2,400 SF

View details

Fenced Manufacturing Property

9100 W Beaver St, Jacksonville, FL 32220

$585,000

6,500 SF

View details

Similar Off Market Nearby

• The Grub Brothers Creative Catering — 459 E 16th St, Jacksonville, FL 32206
• Maids R US Cleaning Services — 1237 e 26th st, jacksonville, fl 32206

Frequently Asked Questions

What type of property is this?

Flex space - Warehouse and administrative areas support varied commercial operations within an IL-zoned building.

Where is this flex space located?

The property is located at 3429 North Liberty Street Jacksonville, FL.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: 4,000 SF concrete block building; Attached 912 SF office area; Warehouse and office components in one flex property