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6569 103rd St, Jacksonville, FL 32210
Standalone flex property built in 1963 with showroom and office space, plus warehouse area and ample parking.
Property Size16,296 SF
Price / SF$134.70
Days on Market161
Property Features for 6569 103rd St
General Information
Standard status
Active
Size
16,296 SF
Class
C
Total Parking Spaces
45
Property subtype
Industrial
Zoning
CCG-2
Investment Type
Owner/User
Building Details
Year Built
1963
Listing Agency:
Franklin Street
Listed By:
Arlette Price · License #SL3432079
(904) 243-6363
Source:
Crexi
Added: Mar 31
Changed: Sep 5
Last Checked: Sep 6 at 5:31PM
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 Franklin Street
Investment Insights
Based on property information with market context.
Key Highlights
- Standalone industrial/flex building built in 1963
- Zoned CCG‑2
- 16,296 RSF enclosed area with ±5,500 SF showroom (±1,400 SF office)
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
$152,022
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
6.93%
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%
$3,040,440
$3.0M
Cap Rate 7%
$2,171,743
$2.2M
Cap Rate 9%
$1,689,133
$1.7M
Market Conditions
NOI Build-Up for 16,296 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
$254.2K $15.60/SF
− Vacancy
−$20.3K −$1.25/SF
EGI
$233.9K $14.35/SF
− OpEx
−$81.9K −$5.02/SF
NOI
$152.0K $9.33/SF
Area
ZIP 32210
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$3,040,440
Cap Rate 7%
$2,171,743
Cap Rate 9%
$1,689,133
Alternative Uses
Best Use
Flex RnD
$2.17M
$1.90M – $2.53M
NOI $152,022 @ 7.0% cap · market cap 6.93%
Second Best
Warehouse
$1.45M
$1.27M – $1.69M
NOI $101,452 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$4.46M
$3.91M – $5.21M
NOI $312,492 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32210, FL
66,415
Population
29,198
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
88%
High-School Grad
21.9 sq mi
ZIP Area
3,033
Density / Sq Mi
$58,215
Median Household Income
$36,997
Median Earnings
$1,205
Median Rent
$205,300
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?
Flex space - Standalone flex property built in 1963 with showroom and office space, plus warehouse area and ample parking.
Where is this flex space located?
The property is located at 6569 103rd St Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Standalone industrial/flex building built in 1963; Zoned CCG‑2; 16,296 RSF enclosed area with ±5,500 SF showroom (±1,400 SF office)
