Industrial Warehouse with Grade-Level
New
For Sale
$1,400,000
628 & 634 Dyal Street / 619 & 645 E 10th Street, Jacksonville, FL 32206
Warehouse and office areas include 400-amp, 3-phase power for industrial operations.
Property Size11,100 SF
Price / SF$105.85
Days on Market2
Property Features for 628 & 634 Dyal Street / 619 & 645 E 10th Street
General Information
Standard status
Active
Size
11,100 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
15 ft
Warehouse Space
9,903 SF
Office Build-Out
1,197 SF
Drive-In Doors
3
Power
400 amps
Three-Phase Power
Yes
Building Details
Building Size
11,100 SF
Year Built
1944
Construction
concrete-block
Listing Agency:
Pine Street/RPS, LLC
Listed By:
Mark Wainwright · License #508359
(904) 728-1085
Source:
Pinestreetrps
Added: Sep 19
Last Checked: Sep 20 at 5:23AM
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 Pine Street/RPS, LLC
Investment Insights
Based on property information with market context.
This four-parcel warehouse assemblage totals 13,226 square feet across its structures. The primary improvement is an 11,100-square-foot concrete-block building with 9,903 square feet of warehouse space and a 1,197-square-foot office area. Clear heights range from 12 to 15 feet, while three grade-level roll-up doors support material movement and loading. The facility also includes 400-amp, 3-phase power.
The properties are located at 628 & 634 Dyal Street and 619 & 645 E 10th Street in Jacksonville, Florida. The industrial configuration is suited to light manufacturing, trade contractors, metal fabrication, and fleet distribution, as supported by the existing warehouse layout, power service, clear heights, and door configuration. The main building dates to 1944.
The properties are located at 628 & 634 Dyal Street and 619 & 645 E 10th Street in Jacksonville, Florida. The industrial configuration is suited to light manufacturing, trade contractors, metal fabrication, and fleet distribution, as supported by the existing warehouse layout, power service, clear heights, and door configuration. The main building dates to 1944.
Key Highlights
- Four‑parcel assemblage with 13,226 square feet across all structures
- 11,100‑square‑foot concrete‑block industrial building
- 9,903‑square‑foot warehouse floor and 1,197‑square‑foot office area
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
$89,240
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
6.37%
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%
$1,784,800
$1.8M
Cap Rate 7%
$1,274,857
$1.3M
Cap Rate 9%
$991,556
$991.6K
Market Conditions
NOI Build-Up for 13,226 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
$111.1K $8.40/SF
− Vacancy
−$6.1K −$0.46/SF
EGI
$105.0K $7.94/SF
− OpEx
−$15.7K −$1.19/SF
NOI
$89.2K $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%
$1,784,800
Cap Rate 7%
$1,274,857
Cap Rate 9%
$991,556
Alternative Uses
Best Use
Warehouse
$1.27M
$1.12M – $1.49M
NOI $89,240 @ 7.0% cap · market cap 6.37%
Second Best
Industrial
$1.05M
$918.7K – $1.22M
NOI $73,492 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$3.62M
$3.17M – $4.23M
NOI $253,622 @ 7.0% cap · market cap 18.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
15 ft
Clear height
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,838
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32206, FL
18,283
Population
9,415
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
82%
High-School Grad
6.2 sq mi
ZIP Area
2,949
Density / Sq Mi
$37,585
Median Household Income
$34,353
Median Earnings
$866
Median Rent
$153,500
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?
Warehouse - Warehouse and office areas include 400-amp, 3-phase power for industrial operations.
Where is this warehouse located?
The property is located at 628 & 634 Dyal Street / 619 & 645 E 10th Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Four‑parcel assemblage with 13,226 square feet across all structures; 11,100‑square‑foot concrete‑block industrial building; 9,903‑square‑foot warehouse floor and 1,197‑square‑foot office area
