CCG-2 Zoned Storefront
For Sale
$335,000
6804 NORWOOD Avenue, Jacksonville, FL 32208
Storefront building zoned CCG-2, built in 1921, with street frontage and convenient roadway access.
Property Size900 SF
Days on Market66
Property Features for 6804 NORWOOD Avenue
General Information
Standard status
Active
Size
900 SF
Property subtype
Mixed Use
Zoning
CCG-2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,350
Building Details
Building Size
900 SF
Year Built
1921
Listing Agency:
DREAMS FULFILLED KATINA PREVAILS REAL ESTATE
Listed By:
KATINA MICKENS · License #3347384
(904) 440-6756
Source:
Bebetterflorida
Added: Jul 16
Changed: Sep 7
Last Checked: Sep 18 at 11:24AM
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 DREAMS FULFILLED KATINA PREVAILS REAL ESTATE
Investment Insights
Based on property information with market context.
This storefront building is located along the established Norwood Avenue commercial corridor in Jacksonville. The property is zoned CCG-2, which allows a broad range of commercial uses, including retail, office, auto dealer/repair, and service-oriented businesses (buyer to verify permitted uses). The site is positioned for visibility with street frontage and convenient access to major roadways, supporting both customer traffic and day-to-day operational efficiency.
Built in 1921, the property is situated among established businesses and residential neighborhoods, offering flexibility for continued commercial use, or potential redevelopment and repositioning under the CCG-2 zoning designation (buyer to verify applicable development requirements).
Built in 1921, the property is situated among established businesses and residential neighborhoods, offering flexibility for continued commercial use, or potential redevelopment and repositioning under the CCG-2 zoning designation (buyer to verify applicable development requirements).
Key Highlights
- Zoned CCG‑2 allowing retail, office, auto dealer/repair, and service‑oriented businesses (buyer to verify)
- Storefront building on the Norwood Avenue commercial corridor
- Street frontage and high visibility for customer‑oriented access
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
$10,172
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
3.04%
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%
$203,440
$203.4K
Cap Rate 7%
$145,314
$145.3K
Cap Rate 9%
$113,022
$113.0K
Market Conditions
NOI Build-Up for 900 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
$16.2K $18.00/SF
− Vacancy
−$1.7K −$1.85/SF
EGI
$14.5K $16.15/SF
− OpEx
−$4.4K −$4.84/SF
NOI
$10.2K $11.30/SF
Area
Jacksonville, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$203,440
Cap Rate 7%
$145,314
Cap Rate 9%
$113,022
Alternative Uses
Best Use
Retail
$145.3K
$127.2K – $169.5K
NOI $10,172 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$246.5K
$215.7K – $287.6K
NOI $17,258 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 46%
BP
Shops & Services
9,533 visits/mo
0.4 miles
Hardee's
Dining
8,098 visits/mo
0.1 miles
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 Retail in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront building zoned CCG-2, built in 1921, with street frontage and convenient roadway access.
Where is this storefront property located?
The property is located at 6804 NORWOOD Avenue Jacksonville, FL.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Zoned CCG‑2 allowing retail, office, auto dealer/repair, and service‑oriented businesses (buyer to verify); Storefront building on the Norwood Avenue commercial corridor; Street frontage and high visibility for customer‑oriented access
