CCG-Zoned Commercial
For Sale
$599,900
5208 Jammes Rd, Jacksonville, FL 32210
CCG zoning and an existing bungalow support renovation, expansion, or redevelopment along a well-traveled commercial corridor.
Property Size2,432 SF
Price / SF$246.67
Days on Market205
Property Features for 5208 Jammes Rd
General Information
Standard status
Active
Size
2,432 SF
Taxes and HOA fees
Annual Taxes
$3,486
Listing Agency:
FLORIDA HOMES REALTY & MTG LLC
(904) 703-7488
Listed By:
LOTTIE DESCALLAR
(904) 703-7488
Source:
Exprealty
Added: Feb 7
Changed: Aug 30
Last Checked: Aug 30 at 8:41PM
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 FLORIDA HOMES REALTY & MTG LLC
Investment Insights
Based on property information with market context.
This approximately 0.66-acre commercial land parcel includes an existing bungalow structure and carries CCG zoning. The property can accommodate several redevelopment paths, including renovation or expansion of the existing improvement, subject to applicable requirements. Its Jacksonville address is 5208 Jammes Rd.
The site is positioned along a high-traffic corridor and is approximately five minutes from I-295, providing convenient regional access. Nearby commercial activity includes a stand-alone emergency medical center within walking distance, gas stations, grocery stores, and an Amazon fulfillment center. These surrounding uses contribute to an established commercial setting for future development or an owner-user project.
The site is positioned along a high-traffic corridor and is approximately five minutes from I-295, providing convenient regional access. Nearby commercial activity includes a stand-alone emergency medical center within walking distance, gas stations, grocery stores, and an Amazon fulfillment center. These surrounding uses contribute to an established commercial setting for future development or an owner-user project.
Key Highlights
- Approximately 0.66 acres of commercial land
- CCG zoning supports a range of commercial uses
- Existing bungalow structure on the property
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
$34,058
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
5.68%
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%
$681,160
$681.2K
Cap Rate 7%
$486,543
$486.5K
Cap Rate 9%
$378,422
$378.4K
Market Conditions
NOI Build-Up for 2,432 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
$58.4K $24.00/SF
− Vacancy
−$13.0K −$5.33/SF
EGI
$45.4K $18.67/SF
− OpEx
−$11.4K −$4.67/SF
NOI
$34.1K $14.00/SF
Area
ZIP 32210
Vacancy
22.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$681,160
Cap Rate 7%
$486,543
Cap Rate 9%
$378,422
Alternative Uses
Best Use
Office B
$486.5K
$425.7K – $567.6K
NOI $34,058 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$666.2K
$583.0K – $777.3K
NOI $46,636 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
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 Office in Jacksonville, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - CCG zoning and an existing bungalow support renovation, expansion, or redevelopment along a well-traveled commercial corridor.
Where is this commercial land located?
The property is located at 5208 Jammes Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Approximately 0.66 acres of commercial land; CCG zoning supports a range of commercial uses; Existing bungalow structure on the property
