Flex Warehouse with Storefront
For Sale
$1,900,000
Pending
8204 Beach Boulevard Jacksonville, Jacksonville, FL 32216
Two-building flex warehouse setup with storefront double entry doors and multiple roll-up bay doors for service access.
Property Size8,700 SF
Days on Market122
Property Features for 8204 Beach Boulevard Jacksonville
General Information
Standard status
Pending
Size
8,700 SF
Additional Details
Road Access
Yes
Amenities
Concrete
1
No
Chain Link
Well
1.46
Building Details
Stories
1
Listing Agency:
STRYKER REALTY GROUP INC
(904) 569-5862
Listed By:
Howard Fryer · License #494363
(904) 569-5862
Source:
Movetojacksonville
Added: Apr 24
Changed: Aug 23
Last Checked: Jul 24 at 5:48PM
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 STRYKER REALTY GROUP INC
Investment Insights
Based on property information with market context.
This flex/warehouse property consists of two buildings totaling approximately 8,700 square feet. The front building faces Beach Blvd and features storefront double entry doors. The site also provides side road access to four commercial roll-up bay doors.
The property has frontage on Beach Blvd and additional access from a side road, supporting both storefront-facing activity and direct drive-up door access. Square footage details and land size must be confirmed by the buyer.
Please note the public remarks: an operating business is on site, and anyone at the location should not be disturbed.
The property has frontage on Beach Blvd and additional access from a side road, supporting both storefront-facing activity and direct drive-up door access. Square footage details and land size must be confirmed by the buyer.
Please note the public remarks: an operating business is on site, and anyone at the location should not be disturbed.
Key Highlights
- Two‑building commercial flex warehouse setup totaling approx. 8,700 SF
- Frontage on Beach Blvd with storefront double entry doors on the front building
- Side road access to four commercial roll‑up bay doors
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
$94,665
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
4.98%
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%
$1,893,300
$1.9M
Cap Rate 7%
$1,352,357
$1.4M
Cap Rate 9%
$1,051,833
$1.1M
Market Conditions
NOI Build-Up for 8,700 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
$156.6K $18.00/SF
− Vacancy
−$11.0K −$1.26/SF
EGI
$145.6K $16.74/SF
− OpEx
−$51.0K −$5.86/SF
NOI
$94.7K $10.88/SF
Area
Jacksonville, FL
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,893,300
Cap Rate 7%
$1,352,357
Cap Rate 9%
$1,051,833
Alternative Uses
Best Use
Flex RnD
$1.35M
$1.18M – $1.58M
NOI $94,665 @ 7.0% cap · market cap 4.98%
Second Best
Warehouse
$838.6K
$733.8K – $978.4K
NOI $58,702 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$2.38M
$2.09M – $2.78M
NOI $166,831 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32216, FL
42,847
Population
19,796
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
12.7 sq mi
ZIP Area
3,374
Density / Sq Mi
$63,253
Median Household Income
$44,078
Median Earnings
$1,311
Median Rent
$244,800
Median Home Value
Market
Vacancy Rate% for Industrial in Jacksonville, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building flex warehouse setup with storefront double entry doors and multiple roll-up bay doors for service access.
Where is this flex space located?
The property is located at 8204 Beach Boulevard Jacksonville Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Two‑building commercial flex warehouse setup totaling approx. 8,700 SF; Frontage on Beach Blvd with storefront double entry doors on the front building; Side road access to four commercial roll‑up bay doors
