Zoned Industrial Land with Office
5070 Elinor Road Unit 5070 Jacksonville, FL 32257
For Sale
$649,000
Zoned IBP property includes an office building built in 1958, plus two additional structures on a sizable lot.
Property Size2,200 SF
Lot Size0.94 Acres
Price / SF$295
Days on Market265
Property Features for 5070 Elinor Road Unit 5070
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Lot size
- 0.94 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1958
Listing Agency:
CHRISTIE'S INTERNATIONAL REAL ESTATE FIRST COAST
(904) 372-4711
Listed By:
TAREQ ARSALLA · License #3204136
Source:
Xome
Added: Nov 1, 2025
Changed: Jul 23
Last Checked: Jul 23 at 10:39AM
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 CHRISTIE'S INTERNATIONAL REAL ESTATE FIRST COAST
Investment Insights
Based on property information with market context.
This for-sale property is centered on nearly an acre of land zoned IBP (Industrial Business Park), offered as-is. A main building constructed in 1958 currently provides office space, and the site also includes two additional structures, adding flexibility for future improvements, expansion, or redevelopment.
The property is located in South Jacksonville near Philips Highway, Sunbeam Road, and Old Kings Road S. Ample parking is available across the spacious lot, supporting a variety of on-site uses.
The offering is being sold as-is, with the stated value primarily in the land and location.
The property is located in South Jacksonville near Philips Highway, Sunbeam Road, and Old Kings Road S. Ample parking is available across the spacious lot, supporting a variety of on-site uses.
The offering is being sold as-is, with the stated value primarily in the land and location.
Key Highlights
- 0.94‑acre South Jacksonville property with Commercial/Residential/Office zoning and IBP designation
- Office building built in 1958 with approximately 2,200 SF, currently used as office space
- Includes two additional structures for extra flexibility with office and light commercial uses
Financial Insights For Office B
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 | $52.8k | $24.00 |
| − Vacancy | −$10.6k | −$4.82 |
| EGI | $42.2k | $19.18 |
| − OpEx | −$10.5k | −$4.79 |
| NOI | $31.6k | $14.38 |
2,200 SF · lease $24.00/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$452.0K
$395.5K – $527.3K
NOI $31,640 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$602.7K
$527.3K – $703.1K
NOI $42,187 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CSI
Corporate Office
Chipman Services Inc
General Contractor
FAQs
What type of property is this?
Commercial land - Zoned IBP property includes an office building built in 1958, plus two additional structures on a sizable lot.
Where is this commercial land located?
The property is located at 5070 Elinor Road Unit 5070 Jacksonville, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 0.94‑acre South Jacksonville property with Commercial/Residential/Office zoning and IBP designation; Office building built in 1958 with approximately 2,200 SF, currently used as office space; Includes two additional structures for extra flexibility with office and light commercial uses
