Warehouse Building with CCG-2
For Sale
$599,000
6439 RESTLAWN Drive, Jacksonville, FL 32208
Warehouse property dating to 1963 with access to Lem Turner and I-95.
Property Size6,930 SF
Price / SF$85.57
Days on Market403
Property Features for 6439 RESTLAWN Drive
General Information
Standard status
Active
Size
6,930 SF
Property subtype
Industrial
Zoning
CCG-2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,350
Building Details
Building Size
6,930 SF
Year Built
1963
Listing Agency:
EXP REALTY LLC
Listed By:
EARL FIELDS · License #0654667
(904) 568-5367
Source:
Houseandhavenrealty
Added: Aug 14, 2025
Changed: Sep 14
Last Checked: Sep 19 at 12:43PM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This Jacksonville warehouse property was constructed in 1963 and contains close to 7,000 square feet of building area. The asset is identified with CCG-2 zoning, providing a defined commercial zoning designation for evaluation by prospective purchasers.
Located at 6439 RESTLAWN Drive, the property offers access to Lem Turner and I-95. Its warehouse configuration, established building age, and transportation connections make the site suitable for review by users seeking an industrial or distribution-oriented facility, subject to applicable zoning and use requirements.
Located at 6439 RESTLAWN Drive, the property offers access to Lem Turner and I-95. Its warehouse configuration, established building age, and transportation connections make the site suitable for review by users seeking an industrial or distribution-oriented facility, subject to applicable zoning and use requirements.
Key Highlights
- Close to 7,000 sq.ft Building
- CCG‑2 zoning
- Built in 1963
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
$47,231
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
7.88%
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%
$944,620
$944.6K
Cap Rate 7%
$674,729
$674.7K
Cap Rate 9%
$524,789
$524.8K
Market Conditions
NOI Build-Up for 7,000 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
$58.8K $8.40/SF
− Vacancy
−$3.2K −$0.46/SF
EGI
$55.6K $7.94/SF
− OpEx
−$8.3K −$1.19/SF
NOI
$47.2K $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%
$944,620
Cap Rate 7%
$674,729
Cap Rate 9%
$524,789
Alternative Uses
Best Use
Warehouse
$674.7K
$590.4K – $787.2K
NOI $47,231 @ 7.0% cap · market cap 7.88%
Second Best
Industrial
$555.7K
$486.2K – $648.3K
NOI $38,896 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,232 @ 7.0% cap · market cap 22.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32208, FL
33,286
Population
15,218
Households
2.2
Avg Household Size
40
Median Age
15%
College-Educated
84%
High-School Grad
11.5 sq mi
ZIP Area
2,894
Density / Sq Mi
$39,873
Median Household Income
$31,845
Median Earnings
$1,180
Median Rent
$139,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Jacksonville, FL
Questions? Ask Rey
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Similar Off Market Nearby
- Self-Storage at U-Haul — 1651 Edgewood Ave W, Jacksonville, FL 32208
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property dating to 1963 with access to Lem Turner and I-95.
Where is this warehouse located?
The property is located at 6439 RESTLAWN Drive Jacksonville, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Close to 7,000 sq.ft Building; CCG‑2 zoning; Built in 1963
