Two-Parcel Industrial Warehouse
For Sale
Contact for pricing
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 Market57
Property Features for 435 Cassat Ave & 450 Ryan Avenue
General Information
Standard status
Active
Size
22,310 SF
Property subtype
Industrial
Zoning
CCG-2
Additional Details
Highway Access
Yes
Building Details
Year Built
1961
Listing Agency:
Pine Street / RPS
Listed By:
Mark Wainwright · License #FL 508359
Source:
Crexi
Added: Jun 10
Changed: Jul 10
Last Checked: Aug 5 at 5:20AM
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
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 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 | $187.4k | $8.40 |
| − Vacancy | −$10.3k | −$0.46 |
| EGI | $177.1k | $7.94 |
| − OpEx | −$26.6k | −$1.19 |
| NOI | $150.5k | $6.75 |
22,310 SF · lease $8.40/SF/yr · vacancy 5.50% · expense 15.00%
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in Jacksonville, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Maxi-Mini Rentals — 4560 Hwy Ave, Jacksonville, FL 32254
- Quintana's RV & Boat Storage Center — 465 Roberts St, Jacksonville, FL 32254
- Bluedeck Boat Storage — 5439 Harriet Ave, Jacksonville, FL 32254
- Nearby Self Storage Units - Jacksonville, Florida — 4250 hwy ave, jacksonville, fl 32254
- Helping Hands Express | Movers & Storage - Jacksonville, FL. — 4212 Hwy Ave, Jacksonville, FL 32254
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
