Mixed-Use Property with
For Sale
$385,000
6861 Lenox Avenue, Jacksonville, FL 32205
Commercial Sale, Jacksonville, FL
Property Size2,028 SF
Lot Size0.26 Acres
Price / SF$189.84
Days on Market99
Property Features for 6861 Lenox Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Fencing
Fenced
Subdivision
Southwest
Standard status
Active
APN
0116830010
Size
2,028 SF
Lot size
0.26 Acres
Utilities
Heating system
Forced Air, Electric (Heating)
Water source
Public
Building Details
Year built
1975
Floors in Building
1
Flooring type
Tile, Hardwood
Listing Agency:
GAILEY ENTERPRISES REAL ESTATE
Listed By:
Rhonda Gailey · License #3395648
(352) 897-2018
Added: Jul 28
Changed: Nov 3
Last Checked: Nov 3 at 11:06PM
MLS# 11906764
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Configured as a residence with an art studio, this mixed-use property includes an attached workshop with epoxy-coated floors, custom shelving, and 200-amp electrical service. A sliding entry, concrete ramp, and removable wall panel provide a route for moving larger items. The 2,028-square-foot property also has a tankless water heater, mini-split HVAC, and a 40-foot shipping container with built-in shelving. The home has bamboo flooring in the living room and primary bedroom, plus tile and hardwood flooring elsewhere. Updates include interior and exterior paint, a new refrigerator, washer and dryer, and a metal roof installed six years ago.
The 0.26-acre parcel is fully fenced. Its zoning allows residential and commercial mixed use, supporting the property's existing combination of living space, studio, and workshop.
The 0.26-acre parcel is fully fenced. Its zoning allows residential and commercial mixed use, supporting the property's existing combination of living space, studio, and workshop.
Key Highlights
- Attached workshop with epoxy‑coated floors and custom built‑in shelving
- 200‑amp electrical service in the workshop
- 2,028‑square‑foot property on a 0.26‑acre fenced lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,167
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,340
$583.3K
Cap Rate 7%
$416,671
$416.7K
Cap Rate 9%
$324,078
$324.1K
Market Conditions
NOI Build-Up for 2,028 SF
Gross rent
$48.7K $24.00/SF
− Vacancy
−$9.8K −$4.82/SF
EGI
$38.9K $19.18/SF
− OpEx
−$9.7K −$4.79/SF
NOI
$29.2K $14.38/SF
Area
Jacksonville, FL
Vacancy
20.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,340
Cap Rate 7%
$416,671
Cap Rate 9%
$324,078
Alternative Uses
Best Use
Office B
$416.7K
$364.6K – $486.1K
NOI $29,167 @ 7.0% cap · market cap 7.58%
Second Best
Mixed Use
$382.4K
$334.6K – $446.2K
NOI $26,770 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$555.6K
$486.1K – $648.2K
NOI $38,889 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 32205, FL
29,605
Population
16,188
Households
1.8
Avg Household Size
37
Median Age
36%
College-Educated
90%
High-School Grad
7.7 sq mi
ZIP Area
3,845
Density / Sq Mi
$60,609
Median Household Income
$43,122
Median Earnings
$1,190
Median Rent
$257,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential and commercial zoning accommodates a live-work arrangement with a dedicated studio and substantial workshop.
Where is this mixed-use property located?
The property is located at 6861 Lenox Avenue Jacksonville, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Attached workshop with epoxy‑coated floors and custom built‑in shelving; 200‑amp electrical service in the workshop; 2,028‑square‑foot property on a 0.26‑acre fenced lot
