Freestanding Flex
For Sale
$1,200,000
3730 KORI Road, Jacksonville, FL 32257
CCG-2 zoning supports commercial, showroom, office, and flex uses.
Property Size6,000 SF
Lot Size0.25 Acres
Price / SF$200
Days on Market50
Property Features for 3730 KORI Road
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.25 Acres
Property subtype
Industrial
Zoning
CCG-2
Additional Details
Road Access
Yes
Clear Height
10.42 ft
Taxes and HOA fees
Annual Taxes
$8,744
Building Details
Building Size
6,000 SF
Year Built
1979
Buildings
1
Listing Agency:
KINKADE COMMERCIAL REAL ESTATE
Listed By:
CAMERON MESH · License #SL3619703
(904) 460-7676
Source:
Mandymorrowgroup
Added: Aug 1
Changed: Sep 12
Last Checked: Sep 18 at 10:40AM
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 KINKADE COMMERCIAL REAL ESTATE
Investment Insights
Based on property information with market context.
This freestanding flex property includes approximately 6,000 square feet within a single commercial building on approximately 0.25 acres. The 10'5" ceiling height supports a range of showroom, office, and flexible commercial configurations. Roof and HVAC systems were replaced in 2021.
Located at 3730 Kori Road in Jacksonville’s Mandarin area, the property sits just off San Jose Boulevard, which carries approximately 45,000 AADT. CCG-2 zoning accommodates commercial, showroom, office, and flex uses, providing a broad framework for business operations.
Located at 3730 Kori Road in Jacksonville’s Mandarin area, the property sits just off San Jose Boulevard, which carries approximately 45,000 AADT. CCG-2 zoning accommodates commercial, showroom, office, and flex uses, providing a broad framework for business operations.
Key Highlights
- Approximately 6,000 square foot freestanding building
- Approximately 0.25‑acre site
- CCG‑2 zoning supports commercial, showroom, office, and flex uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,813
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,356,260
$1.4M
Cap Rate 7%
$968,757
$968.8K
Cap Rate 9%
$753,478
$753.5K
Market Conditions
NOI Build-Up for 6,000 SF
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.
Gross rent
$108.0K $18.00/SF
− Vacancy
−$11.1K −$1.85/SF
EGI
$96.9K $16.15/SF
− OpEx
−$29.1K −$4.84/SF
NOI
$67.8K $11.30/SF
Area
Jacksonville, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,356,260
Cap Rate 7%
$968,757
Cap Rate 9%
$753,478
Alternative Uses
Best Use
Retail
$968.8K
$847.7K – $1.13M
NOI $67,813 @ 7.0% cap · market cap 5.65%
Second Best
Flex RnD
$932.7K
$816.1K – $1.09M
NOI $65,286 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $115,056 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
10 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,514
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32257, FL
41,439
Population
18,465
Households
2.2
Avg Household Size
40
Median Age
36%
College-Educated
93%
High-School Grad
12.3 sq mi
ZIP Area
3,369
Density / Sq Mi
$75,180
Median Household Income
$45,772
Median Earnings
$1,441
Median Rent
$305,000
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
- Margo's Catering — 3662 Crown Point Rd #5955, Jacksonville, FL 32257
- Firehouse Subs Mandarin — 9825 San Jose Blvd, Jacksonville, FL 32257
- Caterings by 1928 Cuban Bistro — 9721 San Jose Blvd, Jacksonville, FL 32257
Frequently Asked Questions
What type of property is this?
Flex space - CCG-2 zoning supports commercial, showroom, office, and flex uses.
Where is this flex space located?
The property is located at 3730 KORI 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: Approximately 6,000 square foot freestanding building; Approximately 0.25‑acre site; CCG‑2 zoning supports commercial, showroom, office, and flex uses
