Renovated Flex Space
For Sale
Contact for pricing
5317-5329 Fairmont Street, Jacksonville, FL 32207
Multi-unit commercial property combining office frontage, restrooms, and rear warehouse areas with van-height dock loading.
Property Size20,524 SF
Lot Size0.99 Acres
Price / SF$116.94
Days on Market60
Property Features for 5317-5329 Fairmont Street
General Information
Standard status
Active
Size
20,524 SF
Total Parking Spaces
27
Lot size
0.99 Acres
Property subtype
Industrial
Zoning
CCG-2 (Commercial, Duval County)
Occupancy
50%
Lease Type
NNN
Investment Type
Value Add
Additional Details
Asking Price
$2,400,000
Highway Access
Yes
Building Details
Year Built
1973
Year Renovated
2024
Buildings
1
Units
7
Tenancy
Multi
Building Size
20,524 SF
Listing Agency:
Vieweg Real Estate
Listed By:
Cole Babcock · License #IL
(217) 433-0839
Source:
Crexi
Added: Aug 19
Changed: Oct 2
Last Checked: Oct 16 at 8:33AM
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 Vieweg Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated flex property contains 20,524 SF across seven individual units ranging from approximately 2,012 to 3,000 SF. Each unit has a separate entrance, office or showroom frontage, restroom, and rear warehouse area with van-height dock loading. The property is configured for multi-tenant occupancy and includes a condominium structure supporting unit-by-unit ownership or disposition.
Capital improvements include a new roof completed in December 2022 and 2024 interior work consisting of new offices, restrooms, LVP flooring, and LED lighting. The site encompasses approximately 0.99 acres at 5317-5329 Fairmont Street in Jacksonville. It is located just off Beach Blvd between University Blvd and Emerson St, under half a mile from the Hart Bridge Expressway and minutes from I-95, I-295, and Downtown Jacksonville.
The property is zoned CCG-2 (Commercial, Duval County) and was built in 1973.
Capital improvements include a new roof completed in December 2022 and 2024 interior work consisting of new offices, restrooms, LVP flooring, and LED lighting. The site encompasses approximately 0.99 acres at 5317-5329 Fairmont Street in Jacksonville. It is located just off Beach Blvd between University Blvd and Emerson St, under half a mile from the Hart Bridge Expressway and minutes from I-95, I-295, and Downtown Jacksonville.
The property is zoned CCG-2 (Commercial, Duval County) and was built in 1973.
Key Highlights
- 20,524 SF flex/warehouse property on approximately 0.99 acres
- Seven individual units ranging from approximately 2,012–3,000 SF
- Each unit includes an entrance, office/showroom frontage, restroom, and rear warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,482
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,769,640
$2.8M
Cap Rate 7%
$1,978,314
$2.0M
Cap Rate 9%
$1,538,689
$1.5M
Market Conditions
NOI Build-Up for 20,524 SF
Gross rent
$172.4K $8.40/SF
− Vacancy
−$9.5K −$0.46/SF
EGI
$162.9K $7.94/SF
− OpEx
−$24.4K −$1.19/SF
NOI
$138.5K $6.75/SF
Area
Jacksonville, FL
Vacancy
5.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,769,640
Cap Rate 7%
$1,978,314
Cap Rate 9%
$1,538,689
Alternative Uses
Best Use
Office B
$4.22M
$3.69M – $4.92M
NOI $295,176 @ 7.0% cap · market cap 12.30%
Second Best
Flex RnD
$3.19M
$2.79M – $3.72M
NOI $223,322 @ 7.0% cap · market cap 9.31%
Theoretical Best
Office A
$5.62M
$4.92M – $6.56M
NOI $393,568 @ 7.0% cap · market cap 16.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,336
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32207, FL
36,207
Population
18,866
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
11.4 sq mi
ZIP Area
3,176
Density / Sq Mi
$60,875
Median Household Income
$45,478
Median Earnings
$1,139
Median Rent
$254,800
Median Home Value
Market
Vacancy Rate% for Office in Jacksonville, FL
Similar Off Market Nearby
- Up Catering — 5800 Beach Blvd UNIT 104, Jacksonville, FL 32207
Frequently Asked Questions
What type of property is this?
Flex space - Multi-unit commercial property combining office frontage, restrooms, and rear warehouse areas with van-height dock loading.
Where is this flex space located?
The property is located at 5317-5329 Fairmont Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 20,524 SF flex/warehouse property on approximately 0.99 acres; Seven individual units ranging from approximately 2,012–3,000 SF; Each unit includes an entrance, office/showroom frontage, restroom, and rear warehouse
