Two-Parcel Industrial Warehouse
For Sale
$2,020,800
435 Cassat Ave & 450 Ryan Avenue, Jacksonville, FL 32254
Leased and owner-occupy warehouse parcels totaling 22,310± SF under CCG-2 zoning near I-10 and I-95.
Property Size22,310 SF
Price / SF$90.58
Days on Market133
Property Features for 435 Cassat Ave & 450 Ryan Avenue
General Information
Standard status
Active
Size
22,310 SF
Property subtype
Industrial
Zoning
CCG-2
Site & Location
Neighborhood
Edgewood
Highway Access
Yes
Building Details
Building Size
22,310 SF
Year Built
1961
Listing Agency:
Pine Street/RPS, LLC
Listed By:
Mark Wainwright · License #508359
(904) 728-1085
Source:
Pinestreetrps
Added: Jun 16
Changed: Oct 25
Last Checked: Oct 24 at 3:05PM
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 Pine Street/RPS, LLC
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Investment Insights
Based on property information with market context.
This for-sale offering includes two commercial parcels totaling 22,310± SF of warehouse space, both zoned CCG-2. 435 Cassat Avenue is currently leased to a stable tenant with a signed lease through early 2027. 450 Ryan Avenue is available for owner-occupancy, allowing an operator to secure warehouse space while maintaining control over one of the parcels within the combined offering.
The properties are positioned near major roadways, with access to I-10 and I-95. The area also provides convenient proximity to Beaver Street and other industrial connectivity that can support day-to-day logistics. Jacksonville International Airport is described as a short drive away, which may be relevant for businesses requiring frequent travel.
For tenants and owner-operators, the combination of a leased parcel and an available parcel can fit multiple strategies, including acquiring space with an in-place lease while planning for occupancy or business expansion. Buyers considering this asset for their operating needs may find the owner-occupancy option at 450 Ryan Avenue useful, while the lease term on 435 Cassat Avenue provides additional structure within the overall portfolio. The offering’s straightforward two-parcel setup supports clear decision-making around occupancy and leasing plans.
The properties are positioned near major roadways, with access to I-10 and I-95. The area also provides convenient proximity to Beaver Street and other industrial connectivity that can support day-to-day logistics. Jacksonville International Airport is described as a short drive away, which may be relevant for businesses requiring frequent travel.
For tenants and owner-operators, the combination of a leased parcel and an available parcel can fit multiple strategies, including acquiring space with an in-place lease while planning for occupancy or business expansion. Buyers considering this asset for their operating needs may find the owner-occupancy option at 450 Ryan Avenue useful, while the lease term on 435 Cassat Avenue provides additional structure within the overall portfolio. The offering’s straightforward two-parcel setup supports clear decision-making around occupancy and leasing plans.
Key Highlights
- Two commercial parcels totaling 22,310± SF under CCG‑2 zoning in Jacksonville, FL
- 435 Cassat Avenue is leased to a stable tenant with a signed lease through early 2027
- 450 Ryan Avenue is available for owner‑occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,532
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,010,640
$3.0M
Cap Rate 7%
$2,150,457
$2.2M
Cap Rate 9%
$1,672,578
$1.7M
Market Conditions
NOI Build-Up for 22,310 SF
Gross rent
$187.4K $8.40/SF
− Vacancy
−$10.3K −$0.46/SF
EGI
$177.1K $7.94/SF
− OpEx
−$26.6K −$1.19/SF
NOI
$150.5K $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%
$3,010,640
Cap Rate 7%
$2,150,457
Cap Rate 9%
$1,672,578
Alternative Uses
Best Use
Warehouse
$2.15M
$1.88M – $2.51M
NOI $150,532 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.11M
$5.35M – $7.13M
NOI $427,817 @ 7.0% cap · market cap 21.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32254, FL
14,545
Population
6,331
Households
2.3
Avg Household Size
37
Median Age
10%
College-Educated
73%
High-School Grad
12.4 sq mi
ZIP Area
1,173
Density / Sq Mi
$36,449
Median Household Income
$29,443
Median Earnings
$1,111
Median Rent
$85,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Jacksonville, FL
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Frequently Asked Questions
What type of property is this?
Warehouse - Leased and owner-occupy warehouse parcels totaling 22,310± SF under CCG-2 zoning near I-10 and I-95.
Where is this warehouse located?
The property is located at 435 Cassat Ave & 450 Ryan Avenue Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,020,800.
What are key features of this property?
This property features: Two commercial parcels totaling 22,310± SF under CCG‑2 zoning in Jacksonville, FL; 435 Cassat Avenue is leased to a stable tenant with a signed lease through early 2027; 450 Ryan Avenue is available for owner‑occupancy
