Owner-User Warehouse
New
For Sale
$299,000
757 SAINT JOHNS BLUFF N 219, Jacksonville, FL 32225
Gated warehouse condominium with drive-up access, a roll-up door, and dedicated electrical capacity for recreational vehicles.
Property Size1,380 SF
Price / SF$216.67
Days on Market7
Property Features for 757 SAINT JOHNS BLUFF N 219
General Information
Standard status
Active
Size
1,380 SF
Property subtype
Industrial
Zoning
IBP
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$2,577
Amenities
Private clubhouse
Building Details
Building Size
1,380 SF
Year Built
2018
Listing Agency:
COLDWELL BANKER PREMIER PROPERTIES
Listed By:
Eric Maimo · License #3254822
(904) 537-6443
Source:
Elliman
Added: Sep 11
Last Checked: Sep 16 at 4:49PM
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 PREMIER PROPERTIES
Investment Insights
Based on property information with market context.
Built in 2018, this warehouse condominium offers 1,380 SF of owner-user industrial space within the gated Extreme Toy Garage community. The unit includes a large roll-up door for drive-up access, a rear deep sink, and a dedicated 50-amp electrical outlet installed for charging an RV, bus, or large coach. The space is HVAC-ready for a mini-split or heat pump installation.
The property is part of a well-maintained 29,110 SF building and carries IBP zoning. A private clubhouse is also available on site, adding a shared amenity within the gated community. The configuration combines practical warehouse functionality with specialized electrical service for larger recreational or commercial vehicles.
The property is part of a well-maintained 29,110 SF building and carries IBP zoning. A private clubhouse is also available on site, adding a shared amenity within the gated community. The configuration combines practical warehouse functionality with specialized electrical service for larger recreational or commercial vehicles.
Key Highlights
- 1,380 SF warehouse condominium built in 2018
- Large roll‑up door with drive‑up access
- Dedicated 50‑amp outlet for an RV, bus, or large coach
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
$14,945
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
5.00%
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%
$298,900
$298.9K
Cap Rate 7%
$213,500
$213.5K
Cap Rate 9%
$166,056
$166.1K
Market Conditions
NOI Build-Up for 1,380 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
$18.5K $13.44/SF
− Vacancy
−$964 −$0.70/SF
EGI
$17.6K $12.74/SF
− OpEx
−$2.6K −$1.91/SF
NOI
$14.9K $10.83/SF
Area
ZIP 32225
Vacancy
5.20%
Lease Rate
$13.44 /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%
$298,900
Cap Rate 7%
$213,500
Cap Rate 9%
$166,056
Alternative Uses
Best Use
Warehouse
$213.5K
$186.8K – $249.1K
NOI $14,945 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$321.0K
$280.9K – $374.5K
NOI $22,469 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32225, FL
57,441
Population
23,289
Households
2.5
Avg Household Size
39
Median Age
42%
College-Educated
96%
High-School Grad
26.3 sq mi
ZIP Area
2,184
Density / Sq Mi
$87,715
Median Household Income
$46,778
Median Earnings
$1,673
Median Rent
$324,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Jacksonville, FL
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Warehouse - Gated warehouse condominium with drive-up access, a roll-up door, and dedicated electrical capacity for recreational vehicles.
Where is this warehouse located?
The property is located at 757 SAINT JOHNS BLUFF N 219 Jacksonville, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,380 SF warehouse condominium built in 2018; Large roll‑up door with drive‑up access; Dedicated 50‑amp outlet for an RV, bus, or large coach
