Callahan Commercial Building on
For Sale
Contact for pricing
542057 US-1, Callahan, FL 32011
16,500 SF commercial building in Callahan's commercial district.
Property Size16,500 SF
Lot Size0.89 Acres
Price / SF$112.73
Days on Market242
Property Features for 542057 US-1
General Information
Standard status
Active
Size
16,500 SF
Class
B
Lot size
0.89 Acres
Property subtype
Retail, Office
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
1986
Buildings
1
Stories
1
Units
1
Listing Agency:
Addison Commercial Real Estate
Listed By:
Duke Addison · License #FL BK3004072
(904) 838-6804
Source:
Crexi
Added: Feb 9
Changed: Sep 13
Last Checked: Oct 7 at 9:54AM
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 Addison Commercial Real Estate
Investment Insights
Based on property information with market context.
This 16,500 square foot free-standing commercial building is located in the heart of Callahan's Commercial District. Situated on a 0.89-acre site, the property fronts US Highway 1, offering significant road frontage. Zoned commercial, the building was originally constructed in 1986 and has undergone two expansions. The conditioned showroom space is approximately 14,850 square feet (110'x135'). Previously, the property was used as a furniture showroom. The remaining space includes a private 8x8 office, two ADA restrooms, and a 1,650 square foot warehouse with a 10'x8' roll-up door. This property presents an opportunity for an owner/user of retail, medical, or office space.
Key Highlights
- High‑visibility location on US Highway 1 in Callahan's Commercial District
- Large 16,500 Sq. Ft. free‑standing commercial building
- Versatile commercial zoning suitable for retail, medical, or office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,549
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,830,980
$2.8M
Cap Rate 7%
$2,022,129
$2.0M
Cap Rate 9%
$1,572,767
$1.6M
Market Conditions
NOI Build-Up for 16,500 SF
Gross rent
$176.2K $10.68/SF
− Vacancy
−$9.7K −$0.59/SF
EGI
$166.5K $10.09/SF
− OpEx
−$25.0K −$1.51/SF
NOI
$141.5K $8.58/SF
Area
Nassau County, FL
Vacancy
5.50%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,830,980
Cap Rate 7%
$2,022,129
Cap Rate 9%
$1,572,767
Alternative Uses
Best Use
Office B
$3.30M
$2.89M – $3.85M
NOI $231,066 @ 7.0% cap · market cap 12.42%
Second Best
Retail
$2.66M
$2.33M – $3.11M
NOI $186,486 @ 7.0% cap · market cap 10.03%
Theoretical Best
Office A
$4.40M
$3.85M – $5.13M
NOI $308,088 @ 7.0% cap · market cap 16.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32011, FL
15,678
Population
6,298
Households
2.5
Avg Household Size
41
Median Age
13%
College-Educated
84%
High-School Grad
168.5 sq mi
ZIP Area
93
Density / Sq Mi
$77,121
Median Household Income
$45,345
Median Earnings
$1,000
Median Rent
$234,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Showroom - 16,500 SF commercial building in Callahan's commercial district.
Where is this showroom located?
The property is located at 542057 US-1 Callahan, FL.
What is the asking price?
The asking price for this property is $1,860,000.
What are key features of this property?
This property features: High‑visibility location on US Highway 1 in Callahan's Commercial District; Large 16,500 Sq. Ft. free‑standing commercial building; Versatile commercial zoning suitable for retail, medical, or office use
