Renovated Flex Space with Garage
For Sale
Contact for pricing
452 E 8th St, Jacksonville, FL 32206
Renovated commercial space with new HVAC, rolling garage doors, dedicated parking, and access to I-95 and I-10.
Property Size9,280 SF
Price / SF$134.70
Days on Market186
Property Features for 452 E 8th St
General Information
Standard status
Active
Size
9,280 SF
Property subtype
INDUSTRIAL
Properties For Sale
at 452 E 8th St Contact us- Floor
- Bldg
- Size
- 9,280 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
452 E 8th St
- 452 E 8th St is located in the heart of Historic Springfield, adjacent to Downtown...
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Listing Agency:
Colliers | Jacksonville
(904) 861-1139
Listed By:
Matthew Clark
(603) 244-9257
Source:
Moodyscre
Added: Feb 27
Changed: Aug 29
Last Checked: Aug 29 at 2:53PM
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 Colliers | Jacksonville
Investment Insights
Based on property information with market context.
This 9,280-square-foot flex-space building was renovated in 2024, with a new HVAC system and enhanced functionality incorporated into the improvements. Two rolling garage doors add practical utility, while a dedicated parking lot serves the property.
The property is located in Historic Springfield, adjacent to Downtown Jacksonville. It offers connectivity to I-95 and I-10, providing access to major highway routes. Ongoing mixed-use redevelopment in the surrounding corridor adds current development context to the location.
The property is located in Historic Springfield, adjacent to Downtown Jacksonville. It offers connectivity to I-95 and I-10, providing access to major highway routes. Ongoing mixed-use redevelopment in the surrounding corridor adds current development context to the location.
Key Highlights
- 9,280‑square‑foot flex‑space building
- Renovated in 2024 with a new HVAC system
- Two rolling garage doors
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
$100,976
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
8.08%
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%
$2,019,520
$2.0M
Cap Rate 7%
$1,442,514
$1.4M
Cap Rate 9%
$1,121,956
$1.1M
Market Conditions
NOI Build-Up for 9,280 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
$167.0K $18.00/SF
− Vacancy
−$11.7K −$1.26/SF
EGI
$155.3K $16.74/SF
− OpEx
−$54.4K −$5.86/SF
NOI
$101.0K $10.88/SF
Area
Jacksonville, FL
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$2,019,520
Cap Rate 7%
$1,442,514
Cap Rate 9%
$1,121,956
Alternative Uses
Best Use
Flex RnD
$1.44M
$1.26M – $1.68M
NOI $100,976 @ 7.0% cap · market cap 8.08%
Second Best
Industrial
$736.6K
$644.6K – $859.4K
NOI $51,565 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$2.54M
$2.22M – $2.97M
NOI $177,953 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,001
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32206, FL
18,283
Population
9,415
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
82%
High-School Grad
6.2 sq mi
ZIP Area
2,949
Density / Sq Mi
$37,585
Median Household Income
$34,353
Median Earnings
$866
Median Rent
$153,500
Median Home Value
Market
Vacancy Rate% for Industrial in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated commercial space with new HVAC, rolling garage doors, dedicated parking, and access to I-95 and I-10.
Where is this flex space located?
The property is located at 452 E 8th St Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 9,280‑square‑foot flex‑space building; Renovated in 2024 with a new HVAC system; Two rolling garage doors
