Refrigerated Cold Storage
For Sale
Contact for pricing
5545 Shawland Rd, Jacksonville, FL 32254
Food-service warehouse with dry, cooler, and freezer storage areas.
Property Size119,029 SF
Price / SF$81.91
Days on Market165
Property Features for 5545 Shawland Rd
General Information
Standard status
Active
Size
119,029 SF
Property subtype
Industrial
Additional Details
Cold Storage
Yes
Building Details
Year Built
1977
Year Renovated
1984
Listing Agency:
Newmark Phoenix Realty Group Jacksonville
(904) 399-5222
Listed By:
Bryan Bartlett · License #SL682389
Source:
Crexi
Added: Mar 20
Changed: Aug 30
Last Checked: Aug 30 at 11:17PM
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 Newmark Phoenix Realty Group Jacksonville
Investment Insights
Based on property information with market context.
This refrigerated and cold-storage warehouse contains 119,029 square feet and was built in 1977. The facility is identified for food-service operations with dry, cooler, and freezer storage areas.
Located at 5545 Shawland Road in Jacksonville, Florida, the property is positioned within the 32254 ZIP code.
Located at 5545 Shawland Road in Jacksonville, Florida, the property is positioned within the 32254 ZIP code.
Key Highlights
- 119029 square feet of warehouse space
- Dry, cooler, and freezer storage areas
- Built in 1977
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
$803,124
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
8.24%
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%
$16,062,480
$16.1M
Cap Rate 7%
$11,473,200
$11.5M
Cap Rate 9%
$8,923,600
$8.9M
Market Conditions
NOI Build-Up for 119,029 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
$999.8K $8.40/SF
− Vacancy
−$55.0K −$0.46/SF
EGI
$944.9K $7.94/SF
− OpEx
−$141.7K −$1.19/SF
NOI
$803.1K $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 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%
$16,062,480
Cap Rate 7%
$11,473,200
Cap Rate 9%
$8,923,600
Alternative Uses
Best Use
Warehouse
$11.47M
$10.04M – $13.39M
NOI $803,124 @ 7.0% cap · market cap 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$32.61M
$28.53M – $38.04M
NOI $2,282,500 @ 7.0% cap · market cap 23.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Explore this area
Business Placement
Demographics for 32254, FL
14,545
Population
6,331
Households
2.3
Avg Household Size
37
Median Age
10%
College-Educated
73%
High-School Grad
12.4 sq mi
ZIP Area
1,173
Density / Sq Mi
$36,449
Median Household Income
$29,443
Median Earnings
$1,111
Median Rent
$85,100
Median Home Value
Market
Vacancy Rate% for Industrial in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Food-service warehouse with dry, cooler, and freezer storage areas.
Where is this refrigerated & cold storage located?
The property is located at 5545 Shawland Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $9,750,000.
What are key features of this property?
This property features: 119029 square feet of warehouse space; Dry, cooler, and freezer storage areas; Built in 1977
