Light Industrial Flex
For Sale
$1,900,000
589 W 14TH Street, Atlantic Beach, FL 32233
Commercial Sale, Atlantic Beach, FL
Property Size7,000 SF
Lot Size0.55 Acres
Price / SF$257.03
Days on Market48
Property Features for 589 W 14TH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Corner Lot
Directions
Atlantic Blvd (SR-10 E). Go for 4.2 mi. Take ramp onto Mayport Rd (SR-A1A N) toward Mayport Road/Naval Station Mayport. Go for 1.1 mi. Turn left onto W Plaza Rd. Go for 0.2 mi. Turn right onto Rose St. Go for 423 ft. Turn left onto W 14th St. Go for 0.2 mi. End at 589 W 14th St Atlantic Beach, Florida 32233-2666
Subdivision
233-Atlantic Beach-West
Standard status
Active
APN
1710760000
Size
7,392 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16096
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
multiple bay doors
industrial shelving
Building Details
Year built
2001
Floors in Building
2
Flooring type
Concrete
Building materials
Block
Listing Agency:
KELLER WILLIAMS ST JOHNS · Keller Williams Realty
(904) 867-7694
Listed By:
FRED H CONLEY · License #3111530
(904) 509-5281
Added: Aug 28
Changed: Oct 2
Last Checked: Oct 14 at 3:06AM
MLS# 2162363
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 7,392-square-foot flex property combines light industrial warehouse space with office improvements in a functional two-part layout. The warehouse area includes multiple bay doors, industrial shelving, concrete flooring, and room for varied operations. One end contains two-story office space, while the opposite end offers a separate office with its own private bay for distinct use or additional flexibility.
The 0.55-acre property includes a parking lot and multiple access points. Built in 2001, the building features block construction and is served by public water and public sewer. Zoning and permitted uses should be independently verified by the buyer.
The 0.55-acre property includes a parking lot and multiple access points. Built in 2001, the building features block construction and is served by public water and public sewer. Zoning and permitted uses should be independently verified by the buyer.
Key Highlights
- 7,392‑square‑foot light industrial flex building
- 0.55‑acre site with parking lot
- Warehouse includes multiple bay doors and industrial shelving
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.
How Realmo checks its estimates
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Current Use
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
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?
Flex space - Block construction combines warehouse functionality with dedicated office areas and multiple access points.
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: 7,392‑square‑foot light industrial flex building; 0.55‑acre site with parking lot; Warehouse includes multiple bay doors and industrial shelving
