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    Commercial Land with Metal Building Title is generated by Realmo AI

    37461 W FIRST Street, Hilliard, FL 32046

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    Claim this Listing
    Pending
    $390,000

    COMMERCIAL - Hilliard, FL

    Property size:
    3,240 SF
    Lot size:
    0.46 Acres
    Added:
    Nov 15, 2025
    Days on Market:
    215
    Last Refresh:
    Jun 18 at 6:06 pm

    Property Features for 37461 W FIRST Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Off Street, Carport
    Standard status
    Pending
    APN
    083N24238000090022
    Size
    3,240 SF
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1061

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1981
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    JOSEPH MICHAELS

    Listing agent JOSEPH MICHAELS License #3332604

    Listing office IRON VALLEY REAL ESTATE NORTH FLORIDA 12443 76000-2 WILLIAM BURGESS BLVD., Yulee, FL

    Listing date Nov 15, 2025

    MLS# 2118195

    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

    • Zoned Commercial in central Hilliard location.
    • Includes a large metal building (over 3,000 sq ft) with concrete floor.
    • Metal building features two large, floor‑to‑ceiling rolling metal doors.
    • Two adjoining lots being sold together.
    • Convenient access to Jacksonville, Fernandina, Kings Bay, Kingsland and Brunswick.
    • Public water and sewer access available.

    Overview

    Two adjoining commercial lots are available for sale together in Hilliard, Florida. The property features a metal building exceeding 3,000 square feet with a concrete floor and two large, floor-to-ceiling rolling metal doors, offering various usage options. City water and sewer are located nearby. The combined lot size is 0.46 acres. The location provides convenient access to Jacksonville, Fernandina, Kings Bay, Kingsland, and Brunswick.

    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 $34.6k $10.68
    − Vacancy −$1.9k −$0.59
    EGI $32.7k $10.09
    − OpEx −$4.9k −$1.51
    NOI $27.8k $8.58
    3,240 SF · lease $10.68/SF/yr · vacancy 5.50% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $397.1K
    $347.4K – $463.3K (±1% cap)
    NOI $27,795 @ 7.0% cap · market cap 7.13%
    Second Best
    Industrial
    $327.0K
    $286.1K – $381.5K (±1% cap)
    NOI $22,890 @ 7.0% cap · market cap 5.87%
    Theoretical Best
    Office A
    $864.2K
    $756.2K – $1.01M (±1% cap)
    NOI $60,497 @ 7.0% cap · market cap 15.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hilliard
    County
    Nassau
    State
    Florida
    Longitude
    -81.911086
    Latitude
    30.687832

    FAQs

    What type of property is this?
    Commercial land - Two commercial lots with a 3,000+ sq ft metal building.
    Where is this commercial land located?
    The property is located at 37461 W FIRST Street Hilliard, FL.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: Zoned Commercial in central Hilliard location.; Includes a large metal building (over 3,000 sq ft) with concrete floor.; Metal building features two large, floor‑to‑ceiling rolling metal doors.
    More about this property
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