Spacious Warehouse with Recent
479 ZOO Pkwy Jacksonville, FL 32218
For Sale
$1,980,000
32,500 SF warehouse with renovations, near JAXPORT.
Property Size32,500 SF
Price / SF$60.92
Days on Market96
Property Features for 479 ZOO Pkwy
General Information
Standard status
Active
Size
32,500 SF
Property subtype
Industrial
Building Details
Year Built
1974
Listing Agency:
(321) 689-8000
Listed By:
Mark Allen
(321) 689-8000
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 9:34PM
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 Mark Allen
Investment Insights
Based on property information with market context.
This 32,500 square foot warehouse space is available for sale. The property is zoned industrial and features over $150,000 in upgrades and renovations. Recent improvements include a new AC unit, renovated bathroom, LED lighting, loading docks, and new carpet in the office area. A new electrical panel is forthcoming, and brand new roll-up doors have been installed. The building is equipped with a sprinkler system throughout. The property is located approximately 5 miles from JAXPORT. The location offers convenient access, situated approximately half a mile from I-95, Exit 358.
Key Highlights
- Gigantic price reduction of $470,000 for immediate sale.
- 32,500 (+-) SF warehouse space.
- Over $150,000 in upgrades and renovations including new AC, bathroom, LED lighting, loading docks, electrical panel, and office carpet.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $273.0k | $8.40 |
| − Vacancy | −$15.0k | −$0.46 |
| EGI | $258.0k | $7.94 |
| − OpEx | −$77.4k | −$2.38 |
| NOI | $180.6k | $5.56 |
32,500 SF · lease $8.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$2.89M
$2.53M – $3.37M
NOI $202,331 @ 7.0% cap · market cap 10.22%
Second Best
Industrial
$2.58M
$2.26M – $3.01M
NOI $180,590 @ 7.0% cap · market cap 9.12%
Theoretical Best
Office A
$8.67M
$7.59M – $10.11M
NOI $606,840 @ 7.0% cap · market cap 30.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- ParkMyFleet Jacksonville — 8730 Somers Rd S, Jacksonville, FL 32226
Frequently Asked Questions
What type of property is this?
Warehouse - 32,500 SF warehouse with renovations, near JAXPORT.
Where is this warehouse located?
The property is located at 479 ZOO Pkwy Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Gigantic price reduction of $470,000 for immediate sale.; 32,500 (+-) SF warehouse space.; Over $150,000 in upgrades and renovations including new AC, bathroom, LED lighting, loading docks, electrical panel, and office carpet.
