Mixed-Use Building with Flexible
New
For Sale
$399,999
400 US 90, Baldwin, FL 32234
Flexible commercial space with city utilities and 3-phase electrical service.
Property Size1,500 SF
Days on Market2
Property Features for 400 US 90
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$941
Building Details
Building Size
1,500 SF
Year Built
1972
Buildings
1
Construction
block
Listing Agency:
FLORIDA HOMES REALTY & MTG LLC
(904) 591-8914
Listed By:
BRYAN DURRENCE · License #3382436
Source:
Elliman
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 4:26AM
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 FLORIDA HOMES REALTY & MTG LLC
Investment Insights
Based on property information with market context.
Built in 1972, this block-style mixed-use building offers a flexible interior arrangement with the potential to support two separate businesses. The property includes a metal roof, city water, city sewer, and 3-phase electric service, providing a practical foundation for a range of commercial configurations.
The building is positioned directly on US-90 at 400 US 90 in Baldwin, with access to I-10 and US-301. Its location also places it within reach of Jacksonville’s Westside, the US-301 Baldwin Bypass, the First Coast Expressway, and Cecil Commerce Center. BikeScore is 42 and WalkScore is 36.
The building is positioned directly on US-90 at 400 US 90 in Baldwin, with access to I-10 and US-301. Its location also places it within reach of Jacksonville’s Westside, the US-301 Baldwin Bypass, the First Coast Expressway, and Cecil Commerce Center. BikeScore is 42 and WalkScore is 36.
Key Highlights
- Mixed‑use block building with potential for two separate businesses
- Directly located on US‑90 in Baldwin, Florida
- City water and city sewer service
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
$19,125
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
4.78%
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%
$382,500
$382.5K
Cap Rate 7%
$273,214
$273.2K
Cap Rate 9%
$212,500
$212.5K
Market Conditions
NOI Build-Up for 1,500 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
$36.0K $24.00/SF
− Vacancy
−$5.4K −$3.60/SF
EGI
$30.6K $20.40/SF
− OpEx
−$11.5K −$7.65/SF
NOI
$19.1K $12.75/SF
Area
Duval County, FL
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$382,500
Cap Rate 7%
$273,214
Cap Rate 9%
$212,500
Alternative Uses
Best Use
Mixed Use
$273.2K
$239.1K – $318.8K
NOI $19,125 @ 7.0% cap · market cap 4.78%
Second Best
Retail
$247.1K
$216.2K – $288.2K
NOI $17,294 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$400.1K
$350.1K – $466.8K
NOI $28,008 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 32234, FL
7,514
Population
3,316
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
89%
High-School Grad
152.1 sq mi
ZIP Area
49
Density / Sq Mi
$81,063
Median Household Income
$46,633
Median Earnings
$921
Median Rent
$227,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial space with city utilities and 3-phase electrical service.
Where is this mixed-use property located?
The property is located at 400 US 90 Baldwin, FL.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Mixed‑use block building with potential for two separate businesses; Directly located on US‑90 in Baldwin, Florida; City water and city sewer service
