Versatile Flex Office and Retail
For Sale
$1,500,000
711 Cassat Ave, Jacksonville, FL 32205
Flexible interior space on a main Jacksonville avenue with off-street parking for retail, office, or light industrial needs.
Property Size6,909 SF
Price / SF$217.11
Days on Market354
Property Features for 711 Cassat Ave
General Information
Standard status
Active
Size
6,909 SF
Additional Details
Highway Access
Yes
Listing Agency:
COLDWELL BANKER VANGUARD REALTY
(904) 738-5625
Listed By:
Eugene Calabrase
(904) 738-5625
Source:
Exprealty
Added: Aug 22, 2025
Changed: Jul 10
Last Checked: Aug 10 at 8:10AM
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 COLDWELL BANKER VANGUARD REALTY
Investment Insights
Based on property information with market context.
711 Cassat Ave is a versatile commercial property offering a spacious layout suitable for retail, office, or industrial-type uses. The building is positioned for customer and employee access, with off-street parking available to support day-to-day operations.
Located in Jacksonville, Florida on Cassat Avenue, the property benefits from a prominent position along the corridor. The surrounding area is described as a well-established mix of residential and commercial amenities, including shopping centers, restaurants, and schools, helping create a steady base of local activity. The site is also described as easily accessible from major highways.
This asset can work for businesses seeking a flexible configuration rather than a single-purpose footprint, including tenants looking to combine customer-facing activity with office or light industrial operations. Prospective buyers or operators should find the off-street parking and main-avenue visibility particularly practical for retail-oriented concepts and for teams that need straightforward access for clients and staff.
Located in Jacksonville, Florida on Cassat Avenue, the property benefits from a prominent position along the corridor. The surrounding area is described as a well-established mix of residential and commercial amenities, including shopping centers, restaurants, and schools, helping create a steady base of local activity. The site is also described as easily accessible from major highways.
This asset can work for businesses seeking a flexible configuration rather than a single-purpose footprint, including tenants looking to combine customer-facing activity with office or light industrial operations. Prospective buyers or operators should find the off-street parking and main-avenue visibility particularly practical for retail-oriented concepts and for teams that need straightforward access for clients and staff.
Key Highlights
- 711 Cassat Avenue in Jacksonville, FL with flexible interior space for retail, office, or light industrial use
- Spacious layout with ample square footage for multiple business uses
- Off‑street parking available
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
$99,365
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
6.62%
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%
$1,987,300
$2.0M
Cap Rate 7%
$1,419,500
$1.4M
Cap Rate 9%
$1,104,056
$1.1M
Market Conditions
NOI Build-Up for 6,909 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
$165.8K $24.00/SF
− Vacancy
−$33.3K −$4.82/SF
EGI
$132.5K $19.18/SF
− OpEx
−$33.1K −$4.79/SF
NOI
$99.4K $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 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%
$1,987,300
Cap Rate 7%
$1,419,500
Cap Rate 9%
$1,104,056
Alternative Uses
Best Use
Office B
$1.42M
$1.24M – $1.66M
NOI $99,365 @ 7.0% cap · market cap 6.62%
Second Best
Flex RnD
$1.07M
$939.7K – $1.25M
NOI $75,177 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,487 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in Jacksonville, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Solazo Taqueria — 954 Edgewood Ave S, Jacksonville, FL 32205
Frequently Asked Questions
What type of property is this?
Flex space - Flexible interior space on a main Jacksonville avenue with off-street parking for retail, office, or light industrial needs.
Where is this flex space located?
The property is located at 711 Cassat Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 711 Cassat Avenue in Jacksonville, FL with flexible interior space for retail, office, or light industrial use; Spacious layout with ample square footage for multiple business uses; Off‑street parking available
