Callahan Commercial Building on
542057 US-1, Callahan, FL 32011
For Sale
Contact for pricing
16,500 SF commercial building in Callahan's commercial district.
Property Size16,500 SF
Lot Size0.89 Acres
Price / SF$112.73
Days on Market276
Property Features for 542057 US-1
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Investment Type
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
Addison Commercial Real Estate
Listed By:
Duke Addison · License FL BK3004072
(904) 838-6804
Source:
Crexi
Added: Feb 9
Changed: Oct 25
Last Checked: Nov 10 at 6:29AM
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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
