Versatile Office/Industrial Property For
For Sale
Contact for pricing
Pending
4527 St Augustine Rd, Jacksonville, FL 32207
Office, warehouse, and garage canopies suitable for various commercial uses.
Property Size2,715 SF
Days on Market658
Property Features for 4527 St Augustine Rd
General Information
Standard status
Pending
Size
2,715 SF
Property subtype
Industrial
Zoning
IL
Investment Type
Owner/User
Building Details
Year Built
1926
Year Renovated
2021
Listing Agency:
Prime Realty Inc.
(904) 373-0578
Listed By:
Kevin Baez · License #SL3511168
Source:
Crexi
Added: Nov 4, 2024
Changed: Aug 17
Last Checked: Aug 22 at 6:51AM
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 Prime Realty Inc.
Investment Insights
Based on property information with market context.
This versatile property features an office building, a small warehouse, and several open garage canopies. The property offers flexibility for a variety of commercial uses including automotive services, specialty vehicle sales, and industrial storage or parking. The lot is paved edge to edge, making the entire footprint usable. Its central location offers a quick commute to all parts of the city, and the property offers signage fronting St. Augustine Road. The property contains 2,715 square feet.
Key Highlights
- Versatile property suitable for office, industrial, automotive services, vehicle sales, and storage/parking.
- Paved edge‑to‑edge lot maximizes usable space.**
- Central location provides quick access to all parts of the city.
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
$29,542
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
4.23%
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%
$590,840
$590.8K
Cap Rate 7%
$422,029
$422.0K
Cap Rate 9%
$328,244
$328.2K
Market Conditions
NOI Build-Up for 2,715 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
$48.9K $18.00/SF
− Vacancy
−$3.4K −$1.26/SF
EGI
$45.4K $16.74/SF
− OpEx
−$15.9K −$5.86/SF
NOI
$29.5K $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%
$590,840
Cap Rate 7%
$422,029
Cap Rate 9%
$328,244
Alternative Uses
Best Use
Flex RnD
$422.0K
$369.3K – $492.4K
NOI $29,542 @ 7.0% cap · market cap 4.23%
Second Best
Industrial
$215.5K
$188.6K – $251.4K
NOI $15,086 @ 7.0% cap · market cap 2.16%
Theoretical Best
Office A
$743.8K
$650.8K – $867.7K
NOI $52,063 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32207, FL
36,207
Population
18,866
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
11.4 sq mi
ZIP Area
3,176
Density / Sq Mi
$60,875
Median Household Income
$45,478
Median Earnings
$1,139
Median Rent
$254,800
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 - Office, warehouse, and garage canopies suitable for various commercial uses.
Where is this flex space located?
The property is located at 4527 St Augustine Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Versatile property suitable for office, industrial, automotive services, vehicle sales, and storage/parking.; Paved edge‑to‑edge lot maximizes usable space.**; Central location provides quick access to all parts of the city.
