Equipped Restaurant
For Sale
$900,000
600 Park St Unit 10, Jacksonville, FL 32204
Built in 2024, the property offers a restaurant setting with equipment in place.
Property Size3,144 SF
Price / SF$286.26
Days on Market8
Property Features for 600 Park St Unit 10
General Information
Standard status
Active
Size
3,144 SF
Property subtype
Commercial
Building Details
Year Built
2024
Listing Agency:
THE LEGENDS OF REAL ESTATE
Listed By:
ED SANTIAGO · License #684021
(904) 349-8292
Source:
Viewhomesonameliaisland
Added: Sep 30
Changed: Oct 7
Last Checked: Oct 5 at 7:22PM
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 THE LEGENDS OF REAL ESTATE
Investment Insights
Based on property information with market context.
This 3,144-square-foot restaurant property was built in 2024 and is described as equipped for food-service operations. It is located at 600 Park St, Unit 10, in Jacksonville, Florida.
Key Highlights
- 3,144 square feet of restaurant space
- Built in 2024
- Located at 600 Park St, Unit 10, Jacksonville, FL 32204
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,858
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,160
$937.2K
Cap Rate 7%
$669,400
$669.4K
Cap Rate 9%
$520,644
$520.6K
Market Conditions
NOI Build-Up for 3,144 SF
Gross rent
$67.9K $21.60/SF
− Vacancy
−$5.4K −$1.73/SF
EGI
$62.5K $19.87/SF
− OpEx
−$15.6K −$4.97/SF
NOI
$46.9K $14.90/SF
Area
Jacksonville, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,160
Cap Rate 7%
$669,400
Cap Rate 9%
$520,644
Alternative Uses
Best Use
Specialty Retail
$669.4K
$585.7K – $781.0K
NOI $46,858 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$861.3K
$753.6K – $1.00M
NOI $60,289 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,814
Businesses Nearby
110k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 30%
Groceries 18%
Hotels & Casinos 5%
The Fresh Market
Groceries
19,620 visits/mo
0.5 miles
Wendy's
Dining
15,568 visits/mo
0.5 miles
VyStar Credit Union
Shops & Services
12,223 visits/mo
0.3 miles
First Watch
Dining
9,812 visits/mo
0.5 miles
Another Broken Egg Cafe
Dining
7,965 visits/mo
0.4 miles
Demographics for 32204, FL
8,673
Population
5,342
Households
1.6
Avg Household Size
39
Median Age
41%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,212
Density / Sq Mi
$54,462
Median Household Income
$47,872
Median Earnings
$1,132
Median Rent
$342,700
Median Home Value
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Built in 2024, the property offers a restaurant setting with equipment in place.
Where is this conventional restaurant located?
The property is located at 600 Park St Unit 10 Jacksonville, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 3,144 square feet of restaurant space; Built in 2024; Located at 600 Park St, Unit 10, Jacksonville, FL 32204
