Clear-Span Flex Space
For Sale
Contact for pricing
6615 N Main St, Jacksonville, FL 32208
Three-building commercial complex combines office, warehouse, and flex space with clear-span interiors.
Property Size9,835 SF
Price / SF$88.97
Days on Market186
Property Features for 6615 N Main St
General Information
Standard status
Active
Size
9,835 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Span
Yes
Drive-In Doors
2
Additional Details
Highway Access
Yes
Building Details
Buildings
3
Properties For Sale
at 6615 N Main St Contact us- Floor
- Bldgs
- Size
- 9,835 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
6615 N Main St
- Three buildings of Office/Warehouse/Flex Totaling ±9,835 SF
- ±3,780 SF Warehouse...
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Listing Agency:
Newmark Phoenix Realty Group | Jacksonville
(904) 238-8486
Listed By:
Colby Sims
(904) 238-8486
Source:
Moodyscre
Added: Feb 26
Changed: Aug 30
Last Checked: Aug 30 at 3:40AM
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 Newmark Phoenix Realty Group | Jacksonville
Investment Insights
Based on property information with market context.
This flex space property includes three buildings totaling approximately 9,835 SF of office, warehouse, and adaptable commercial space. The largest warehouse contains approximately 3,780 SF with eight roll-up doors. Two additional warehouse buildings provide approximately 2,205 SF with one drive-in door and approximately 3,850 SF with one drive-in door, respectively. Clear-span areas support open interior layouts.
The property is located minutes from Talleyrand Port Terminal and offers access to expressways and interstates. It is also situated within the Springfield Redevelopment District, providing a defined redevelopment-district setting for the property.
The property is located minutes from Talleyrand Port Terminal and offers access to expressways and interstates. It is also situated within the Springfield Redevelopment District, providing a defined redevelopment-district setting for the property.
Key Highlights
- Three‑building flex property totaling ±9,835 SF
- ±3,780 SF warehouse with 8 roll up doors
- ±2,205 SF warehouse with 1 drive in door
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
$66,360
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
7.58%
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%
$1,327,200
$1.3M
Cap Rate 7%
$948,000
$948.0K
Cap Rate 9%
$737,333
$737.3K
Market Conditions
NOI Build-Up for 9,835 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
$82.6K $8.40/SF
− Vacancy
−$4.5K −$0.46/SF
EGI
$78.1K $7.94/SF
− OpEx
−$11.7K −$1.19/SF
NOI
$66.4K $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%
$1,327,200
Cap Rate 7%
$948,000
Cap Rate 9%
$737,333
Alternative Uses
Best Use
Flex RnD
$1.53M
$1.34M – $1.78M
NOI $107,015 @ 7.0% cap · market cap 12.23%
Second Best
Warehouse
$948.0K
$829.5K – $1.11M
NOI $66,360 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$2.69M
$2.36M – $3.14M
NOI $188,596 @ 7.0% cap · market cap 21.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
376
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
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 - Three-building commercial complex combines office, warehouse, and flex space with clear-span interiors.
Where is this flex space located?
The property is located at 6615 N Main St Jacksonville, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Three‑building flex property totaling ±9,835 SF; ±3,780 SF warehouse with 8 roll up doors; ±2,205 SF warehouse with 1 drive in door
