Light Industrial Flex
For Sale
$1,900,000
589 W 14TH Street, Atlantic Beach, FL 32233
Combines warehouse bays with two-story office space and a separate private-bay office.
Property Size7,392 SF
Days on Market50
Property Features for 589 W 14TH Street
General Information
Standard status
Active
Size
7,392 SF
Property subtype
Mixed Use
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$16,096
Amenities
multiple bay doors
industrial shelving
Building Details
Building Size
7,392 SF
Year Built
2001
Buildings
1
Listing Agency:
KELLER WILLIAMS ST JOHNS
Listed By:
FRED H CONLEY · License #3111530
(904) 509-5281
Source:
Houseandhavenrealty
Added: Aug 28
Changed: Oct 6
Last Checked: Oct 16 at 4:44PM
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 KELLER WILLIAMS ST JOHNS
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Investment Insights
Based on property information with market context.
Built in 2001, this 7,000+ SF flex property combines warehouse and office components in a functional light industrial layout. The warehouse area includes multiple bay doors, industrial shelving, and space suited to a range of operational needs.
Two-story office space occupies one end of the building, while the opposite end provides another office with a private bay. Multiple access points support flexible circulation and the possibility of separating activities within the building. Buyers should independently confirm permitted uses and zoning.
Two-story office space occupies one end of the building, while the opposite end provides another office with a private bay. Multiple access points support flexible circulation and the possibility of separating activities within the building. Buyers should independently confirm permitted uses and zoning.
Key Highlights
- 7,000+ SF light industrial building constructed in 2001
- Warehouse area with multiple bay doors and industrial shelving
- Two‑story office component at one end of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,518
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,070,360
$2.1M
Cap Rate 7%
$1,478,829
$1.5M
Cap Rate 9%
$1,150,200
$1.2M
Market Conditions
NOI Build-Up for 7,392 SF
Gross rent
$177.4K $24.00/SF
− Vacancy
−$39.4K −$5.33/SF
EGI
$138.0K $18.67/SF
− OpEx
−$34.5K −$4.67/SF
NOI
$103.5K $14.00/SF
Area
Duval County, FL
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 Rate 5%
$2,070,360
Cap Rate 7%
$1,478,829
Cap Rate 9%
$1,150,200
Alternative Uses
Best Use
Office B
$1.48M
$1.29M – $1.73M
NOI $103,518 @ 7.0% cap · market cap 5.45%
Second Best
Warehouse
$905.9K
$792.7K – $1.06M
NOI $63,414 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,023 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32233, FL
23,980
Population
11,215
Households
2.1
Avg Household Size
41
Median Age
43%
College-Educated
94%
High-School Grad
10.2 sq mi
ZIP Area
2,351
Density / Sq Mi
$81,586
Median Household Income
$44,067
Median Earnings
$1,541
Median Rent
$396,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Combines warehouse bays with two-story office space and a separate private-bay office.
Where is this flex space located?
The property is located at 589 W 14TH Street Atlantic Beach, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 7,000+ SF light industrial building constructed in 2001; Warehouse area with multiple bay doors and industrial shelving; Two‑story office component at one end of the building
