Stand-Alone Service Building with CCG-2
For Sale
$682,000
4545 Saint Johns Ave, Jacksonville, FL 32210
Approximately 4,616 SF under air; formerly an equipment repair shop; CCG-2 zoning supports a range of commercial uses.
Property Size4,616 SF
Price / SF$147.75
Days on Market442
Property Features for 4545 Saint Johns Ave
General Information
Standard status
Active
Size
4,616 SF
Property subtype
Retail
Zoning
CCG-2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,247
Amenities
3
Building Details
Year Built
1957
Listing Agency:
Compass Florida LLC
(561) 250-8556
Listed By:
Brad Kuskin · License #BK3333122
(561) 232-7899
Source:
Xome
Added: Jun 23, 2025
Changed: Sep 1
Last Checked: Sep 6 at 5:26AM
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 Compass Florida LLC
Investment Insights
Based on property information with market context.
This stand-alone commercial building totals approximately 4,616 square feet under air and has historically operated as an equipment repair shop, making it well suited for hands-on, service-oriented, trade-based operations. The property is served by CCG-2 (Community General Commercial) zoning, which is described as supporting a broad spectrum of commercial and service uses, including retail and showrooms, professional and medical offices, personal and business services, equipment and small engine or specialty repair, contractor and trade operations, auto-oriented service uses, light assembly/workshop/flex uses, and restaurant or food service uses subject to approvals.
Located at 4545 St. Johns Ave. along Jacksonville’s Westside commercial corridor, the property has frontage on St. Johns Avenue and sits among established residential neighborhoods and local commercial uses. The zoning flexibility and stand-alone configuration create options for continued service use, conversion to office or other commercial configurations, renovation and modernization, and long-term redevelopment strategies.
Located at 4545 St. Johns Ave. along Jacksonville’s Westside commercial corridor, the property has frontage on St. Johns Avenue and sits among established residential neighborhoods and local commercial uses. The zoning flexibility and stand-alone configuration create options for continued service use, conversion to office or other commercial configurations, renovation and modernization, and long-term redevelopment strategies.
Key Highlights
- Stand‑alone commercial property at 4545 St. Johns Ave, Jacksonville, FL 32210 with about 4,616 SF under air
- CCG‑2 (Community General Commercial) zoning with support for a broad range of commercial and service uses
- Historically operated as an equipment repair shop, suited for service and trade‑based businesses
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
$52,171
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
7.65%
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%
$1,043,420
$1.0M
Cap Rate 7%
$745,300
$745.3K
Cap Rate 9%
$579,678
$579.7K
Market Conditions
NOI Build-Up for 4,616 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
$83.1K $18.00/SF
− Vacancy
−$8.6K −$1.85/SF
EGI
$74.5K $16.15/SF
− OpEx
−$22.4K −$4.84/SF
NOI
$52.2K $11.30/SF
Area
ZIP 32210
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,043,420
Cap Rate 7%
$745,300
Cap Rate 9%
$579,678
Alternative Uses
Best Use
Retail
$745.3K
$652.1K – $869.5K
NOI $52,171 @ 7.0% cap · market cap 7.65%
Second Best
Flex RnD
$615.2K
$538.3K – $717.7K
NOI $43,062 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$1.26M
$1.11M – $1.48M
NOI $88,516 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,166
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32210, FL
66,415
Population
29,198
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
88%
High-School Grad
21.9 sq mi
ZIP Area
3,033
Density / Sq Mi
$58,215
Median Household Income
$36,997
Median Earnings
$1,205
Median Rent
$205,300
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.
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Frequently Asked Questions
What type of property is this?
Flex space - Approximately 4,616 SF under air; formerly an equipment repair shop; CCG-2 zoning supports a range of commercial uses.
Where is this flex space located?
The property is located at 4545 Saint Johns Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $682,000.
What are key features of this property?
This property features: Stand‑alone commercial property at 4545 St. Johns Ave, Jacksonville, FL 32210 with about 4,616 SF under air; CCG‑2 (Community General Commercial) zoning with support for a broad range of commercial and service uses; Historically operated as an equipment repair shop, suited for service and trade‑based businesses
