Commercial Land with Existing
For Sale
$600,000
4402 Old Salisbury Rd, Jacksonville, FL 32216
CCG-1 zoning accompanies an existing freestanding structure and paved parking area.
Property Size3,000 SF
Days on Market86
Property Features for 4402 Old Salisbury Rd
General Information
Standard status
Active
Size
3,000 SF
Class
C
Property subtype
Office - General Office
Building Details
Building Size
3,000 SF
Year Built
1975
Units
13
Listing Agency:
Keller Williams St Johns
Listed By:
Courtney Smith · License #3186165
(786) 587-8702
Source:
Commercialcafe
Added: Jul 22
Changed: Oct 11
Last Checked: Oct 14 at 8:22PM
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 Keller Williams St Johns
Investment Insights
Based on property information with market context.
This 1.10-acre commercial land parcel includes a 3,000-square-foot freestanding building constructed in 1975. The structure was formerly used as a dental practice and requires full rehabilitation before being placed into service. An expansive paved parking lot is also included, and the property is being offered in its existing condition.
The site fronts the I-95 corridor in Jacksonville’s Southside market, providing direct highway exposure and access to a high-traffic transportation route. CCG-1 zoning supports commercial redevelopment, including medical, professional office, and retail uses identified for the property. The existing improvements can be evaluated as part of a redevelopment or rehabilitation plan.
The site fronts the I-95 corridor in Jacksonville’s Southside market, providing direct highway exposure and access to a high-traffic transportation route. CCG-1 zoning supports commercial redevelopment, including medical, professional office, and retail uses identified for the property. The existing improvements can be evaluated as part of a redevelopment or rehabilitation plan.
Key Highlights
- 1.10‑acre commercial land parcel along the I‑95 corridor
- 3,000 SF freestanding building constructed in 1975
- Former dental practice requiring full rehabilitation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,600
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,000
$972.0K
Cap Rate 7%
$694,286
$694.3K
Cap Rate 9%
$540,000
$540.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$90.0K $30.00/SF
− Vacancy
−$9.0K −$3.00/SF
EGI
$81.0K $27.00/SF
− OpEx
−$32.4K −$10.80/SF
NOI
$48.6K $16.20/SF
Area
Jacksonville, FL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,000
Cap Rate 7%
$694,286
Cap Rate 9%
$540,000
Alternative Uses
Best Use
Healthcare Medical
$694.3K
$607.5K – $810.0K
NOI $48,600 @ 7.0% cap · market cap 8.10%
Second Best
Office B
$616.4K
$539.3K – $719.1K
NOI $43,146 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$821.8K
$719.1K – $958.8K
NOI $57,528 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,356
Businesses Nearby
Explore this area
Business Placement
Demographics for 32216, FL
42,847
Population
19,796
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
12.7 sq mi
ZIP Area
3,374
Density / Sq Mi
$63,253
Median Household Income
$44,078
Median Earnings
$1,311
Median Rent
$244,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Jacksonville, FL
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Frequently Asked Questions
What type of property is this?
Commercial land - CCG-1 zoning accompanies an existing freestanding structure and paved parking area.
Where is this commercial land located?
The property is located at 4402 Old Salisbury Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1.10‑acre commercial land parcel along the I‑95 corridor; 3,000 SF freestanding building constructed in 1975; Former dental practice requiring full rehabilitation
