Single-Tenant Industrial Office
409 N Palmetto Ave Green Cove Springs, FL 32043
For Sale
Contact for pricing
Single-tenant 2,160 SF industrial/office building at 409 N Palmetto Ave in Green Cove Springs.
Property Size2,160 SF
Price / SF$266.20
Days on Market567
Property Features for 409 N Palmetto Ave
General Information
Standard status
Active
Size
2,160 SF
Property subtype
INDUSTRIAL
Properties For Sale
at 409 N Palmetto Ave Contact us
Listing Agency:
Cantrell & Morgan, Inc.
(904) 302-6930
Listed By:
Kayla Deguzman
(904) 302-6930
Source:
Moodyscre
Added: Jan 8, 2025
Changed: Jul 21
Last Checked: Jul 21 at 12:42PM
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 Cantrell & Morgan, Inc.
Investment Insights
Based on property information with market context.
This single-tenant industrial/office building offers 2,160 square feet of versatile space designed to accommodate a range of operating needs. The property is configured to serve both industrial and office functions, with flexibility noted for industrial, office, medical, or retail use.
The building is located at 409 N Palmetto Ave in Green Cove Springs, Florida. It is being offered for sale, with the marketing positioning aimed at owner-user buyers and tenant needs in the Clay County market.
With its combined industrial and office layout, the property can support businesses looking for one facility that blends workplace and operational space, while allowing for multiple potential use categories as described in the offering materials.
The building is located at 409 N Palmetto Ave in Green Cove Springs, Florida. It is being offered for sale, with the marketing positioning aimed at owner-user buyers and tenant needs in the Clay County market.
With its combined industrial and office layout, the property can support businesses looking for one facility that blends workplace and operational space, while allowing for multiple potential use categories as described in the offering materials.
Key Highlights
- Single‑tenant 2,160 SF industrial/office building at 409 N Palmetto Ave in Green Cove Springs, FL
- Versatile space suitable for industrial, office, medical, or retail uses
- Designed for owner‑user buyers and tenants seeking a single‑tenant commercial setup
Financial Insights For Office B
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 | $51.8k | $24.00 |
| − Vacancy | −$11.5k | −$5.33 |
| EGI | $40.3k | $18.67 |
| − OpEx | −$10.1k | −$4.67 |
| NOI | $30.2k | $14.00 |
2,160 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$432.1K
$378.1K – $504.2K
NOI $30,249 @ 7.0% cap · market cap 5.26%
Second Best
Industrial
$218.0K
$190.8K – $254.3K
NOI $15,260 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$576.2K
$504.2K – $672.2K
NOI $40,332 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- J & M Caterers — Green Cove Springs, FL 32043
Frequently Asked Questions
What type of property is this?
Flex space - Single-tenant 2,160 SF industrial/office building at 409 N Palmetto Ave in Green Cove Springs.
Where is this flex space located?
The property is located at 409 N Palmetto Ave Green Cove Springs, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Single‑tenant 2,160 SF industrial/office building at 409 N Palmetto Ave in Green Cove Springs, FL; Versatile space suitable for industrial, office, medical, or retail uses; Designed for owner‑user buyers and tenants seeking a single‑tenant commercial setup
