Mixed-Use Flex
For Sale
$1,500,000
711 Cassat Avenue Jacksonville, Jacksonville, FL 32205
Versatile flex-style property with off-street parking and frontage on Cassat Avenue for retail, office, or light industrial use.
Property Size6,909 SF
Price / SF$217.11
Days on Market99
Property Features for 711 Cassat Avenue Jacksonville
General Information
Standard status
Active
Size
6,909 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$12,477
Amenities
Concrete,Tile
Yes
No
Chain Link,Privacy,Wood
Corner Lot
Public
0.53
Off Street,Parking Lot,Unassigned
City Street
Building Details
Year Built
2003
Listed By:
Morgan Friesen
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 7
Changed: Oct 3
Last Checked: Oct 7 at 9:23AM
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 Morgan Friesen
Investment Insights
Based on property information with market context.
711 Cassat Avenue is a flex-style commercial property presented for sale with a spacious layout designed to support multiple business types. The site is described as offering flexibility for retail, office, or industrial use, and it includes off-street parking to support both customers and employees.
The property is positioned prominently on Cassat Avenue, with visibility and accessibility highlighted as key advantages. The surrounding area is described as a well-established mix of residential and commercial amenities, including shopping centers, restaurants, and schools, creating a neighborhood that can support a variety of day-to-day uses. The offering also notes accessibility to major highways.
This asset is best suited for an owner-user or investor seeking a flexible commercial footprint that can be adapted to changing operational needs. Its practical combination of frontage, on-site parking, and a layout suited to retail, office, or industrial environments can make it a straightforward choice for tenants or buyers looking for a single property that can accommodate more than one concept.
The property is positioned prominently on Cassat Avenue, with visibility and accessibility highlighted as key advantages. The surrounding area is described as a well-established mix of residential and commercial amenities, including shopping centers, restaurants, and schools, creating a neighborhood that can support a variety of day-to-day uses. The offering also notes accessibility to major highways.
This asset is best suited for an owner-user or investor seeking a flexible commercial footprint that can be adapted to changing operational needs. Its practical combination of frontage, on-site parking, and a layout suited to retail, office, or industrial environments can make it a straightforward choice for tenants or buyers looking for a single property that can accommodate more than one concept.
Key Highlights
- 0.53‑acre corner lot with frontage on Cassat Avenue (city street) in Jacksonville, FL
- Year built 2003
- Heating and air conditioning available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,365
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
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
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 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
Retail
$1.12M
$976.1K – $1.30M
NOI $78,087 @ 7.0% cap · market cap 5.21%
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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Jacksonville, FL
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile flex-style property with off-street parking and frontage on Cassat Avenue for retail, office, or light industrial use.
Where is this flex space located?
The property is located at 711 Cassat Avenue Jacksonville 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: 0.53‑acre corner lot with frontage on Cassat Avenue (city street) in Jacksonville, FL; Year built 2003; Heating and air conditioning available
