Climate-Controlled Flex
For Sale
Contact for pricing
4640 Subchaser Court, Jacksonville, FL 32244
Functional industrial space with drive-through access, three-phase power, and a dedicated office area.
Property Size2,500 SF
Price / SF$250
Days on Market28
Property Features for 4640 Subchaser Court
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Industrial
Zoning
IBP
Lease Type
NNN
Building Details
Year Built
2008
Listing Agency:
Colliers - Jacksonville, Florida
Listed By:
Michael Cassidy · License #SL3419483
(904) 598-4984
Source:
Crexi
Added: Aug 17
Changed: Sep 9
Last Checked: Sep 12 at 6:13AM
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, Florida
Investment Insights
Based on property information with market context.
Suites 101 and 120 comprise approximately 2,500 SF of climate-controlled flex warehouse space. The layout includes a roughly 120 SF office with glass entry doors, two roll-up doors positioned on opposite ends of the building, three-phase power, and ceiling heights ranging from 18 to 22 feet. The space may be divided into two approximately 1,250 SF units, supporting either separate occupancy or a combined configuration.
The property is located at 4640 Subchaser Ct in Jacksonville, across from Naval Air Station Jacksonville and less than 3 miles from I-295. Its access and physical configuration suit government contractors, service providers, and other industrial users seeking warehouse and flex space near major transportation corridors.
The property is located at 4640 Subchaser Ct in Jacksonville, across from Naval Air Station Jacksonville and less than 3 miles from I-295. Its access and physical configuration suit government contractors, service providers, and other industrial users seeking warehouse and flex space near major transportation corridors.
Key Highlights
- Approximately 2,500 SF of climate‑controlled flex warehouse space in Suites 101 & 120
- Two 10' x 14' roll‑up doors on opposite ends provide drive‑through access
- Includes a 120 SF office with glass entry 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
$26,325
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
4.21%
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%
$526,500
$526.5K
Cap Rate 7%
$376,071
$376.1K
Cap Rate 9%
$292,500
$292.5K
Market Conditions
NOI Build-Up for 2,500 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
$45.0K $18.00/SF
− Vacancy
−$4.5K −$1.80/SF
EGI
$40.5K $16.20/SF
− OpEx
−$14.2K −$5.67/SF
NOI
$26.3K $10.53/SF
Area
ZIP 32244
Vacancy
10.00%
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%
$526,500
Cap Rate 7%
$376,071
Cap Rate 9%
$292,500
Alternative Uses
Best Use
Flex RnD
$376.1K
$329.1K – $438.8K
NOI $26,325 @ 7.0% cap · market cap 4.21%
Second Best
Warehouse
$241.0K
$210.9K – $281.1K
NOI $16,868 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$666.9K
$583.5K – $778.0K
NOI $46,680 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32244, FL
63,292
Population
26,250
Households
2.4
Avg Household Size
36
Median Age
24%
College-Educated
92%
High-School Grad
23.6 sq mi
ZIP Area
2,682
Density / Sq Mi
$61,652
Median Household Income
$39,064
Median Earnings
$1,366
Median Rent
$221,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Jacksonville, FL
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Frequently Asked Questions
What type of property is this?
Flex space - Functional industrial space with drive-through access, three-phase power, and a dedicated office area.
Where is this flex space located?
The property is located at 4640 Subchaser Court Jacksonville, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Approximately 2,500 SF of climate‑controlled flex warehouse space in Suites 101 & 120; Two 10' x 14' roll‑up doors on opposite ends provide drive‑through access; Includes a 120 SF office with glass entry doors
